• ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
  • ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
American Shipper

P&O NEDLLOYD OPERATING PROFIT JUMPS 28%

P&O NEDLLOYD OPERATING PROFIT JUMPS 28%

    P&O Nedlloyd Container Line reported a 28-percent jump in
fourth-quarter operating profit, as the company ended its second year since
the merger of P&O Containers and Nedlloyd Lines.
    For the quarter ending Dec. 31, operating profit rose to $55 million.
Pretax profit was $21 million, after a break-even result a year earlier.
Revenue rose 5 percent to $882 million as volume rose 10 percent to 658,400 TEUs.
    P&O Nedlloyd said increased volume and cost-cutting more than
offset
reduced rates, higher interest costs and problems associated with Asia.
Average revenue per TEU was down by 4 percent, to $1,339.
    For the year, P&O Nedlloyd reported operating profit of $81
million,
compared to $73 million in 1997. The company’s pretax loss after
exceptional items in 1998 narrowed to $2 million from $74 million a year
earlier.
    Full-year revenue rose to $3.41 billion from $3.37 billion, and volume
increased to 2.49 million TEUs in 1998 from 2.32 million.

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