Transportacion Maritima Mexicana, the Mexican group that
owns a share of Americana Ships, reported a net loss of $134 million for the first half of
the year, compared to a deficit of $1 million in the year-earlier period.
The larger loss was due mainly to a one-time non-recurring charge of
$126 million "created for possible losses on assets to be disposed."
The company’s operating profit dropped to $3 million, from $25 million
in the first half of last year.
Revenue decreased by 13 percent, to $405 million, from $463 million in
the same period of 1998.
TMM said that its share of Americana Ships’s gross profit for the first
half of the year was $9 million and its participation in the joint venture’s revenue was
$251 million.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now