Trailer Bridge profit, revenue higher
Jacksonville, Fla.-based container-on-barge company Trailer Bridge Inc. Wednesday reported second quarter net profit of $897,462, compared to $656,693 in the same 2009 period.
Revenue in the fiscal quarter ending June 30 was $31.7 million compared to $27.9 million in the prior year period.
'We continued to maintain strong capacity utilization for our vessels in liner service,” said Ivy Suter, chief executive officer. Trailer Bridge operates between the U.S. mainland and Puerto Rico and the Dominican Republic.
“The combination of Puerto Rico and Dominican Republic freight worked to maintain high capacity utilization southbound for our deployed vessels. There is additional growth potential southbound utilizing our current deployed capacity and significant growth opportunity northbound out of both Puerto Rico and the Dominican Republic,” she added.