• ITVI.USA
    13,706.040
    122.900
    0.9%
  • OTRI.USA
    21.480
    0.380
    1.8%
  • OTVI.USA
    13,672.580
    119.480
    0.9%
  • TLT.USA
    2.630
    -0.020
    -0.8%
  • TSTOPVRPM.ATLPHL
    2.480
    0.060
    2.5%
  • TSTOPVRPM.CHIATL
    2.190
    0.050
    2.3%
  • TSTOPVRPM.DALLAX
    1.400
    0.180
    14.8%
  • TSTOPVRPM.LAXDAL
    2.730
    0.160
    6.2%
  • TSTOPVRPM.PHLCHI
    1.440
    0.040
    2.9%
  • TSTOPVRPM.LAXSEA
    2.870
    -0.010
    -0.3%
  • WAIT.USA
    108.000
    5.000
    4.9%
  • ITVI.USA
    13,706.040
    122.900
    0.9%
  • OTRI.USA
    21.480
    0.380
    1.8%
  • OTVI.USA
    13,672.580
    119.480
    0.9%
  • TLT.USA
    2.630
    -0.020
    -0.8%
  • TSTOPVRPM.ATLPHL
    2.480
    0.060
    2.5%
  • TSTOPVRPM.CHIATL
    2.190
    0.050
    2.3%
  • TSTOPVRPM.DALLAX
    1.400
    0.180
    14.8%
  • TSTOPVRPM.LAXDAL
    2.730
    0.160
    6.2%
  • TSTOPVRPM.PHLCHI
    1.440
    0.040
    2.9%
  • TSTOPVRPM.LAXSEA
    2.870
    -0.010
    -0.3%
  • WAIT.USA
    108.000
    5.000
    4.9%
American Shipper

Tropical’s profits fall 15.5%

Tropical’s profits fall 15.5%

   Tropical Shipping’s operating income dropped 15.5 percent to $8.7 million in the second quarter, compared to $10.3 million in the year prior quarter, parent company Nicor Inc. reported on Tuesday.

   The U.S./Caribbean carrier’s second quarter revenue increased 2.4 percent to $94.5 million, from $92.3 million a year ago.

   After six months, Tropical’s operating income was $19 million, down 15.5 percent from $22.5 million in the first half 2005. First half revenue was up 3.8 percent to $189.8 million.

   “Declines in both periods were due primarily to higher operating costs relating to higher transportation-related expenses (including fuel and inland freight costs), employee-related costs and leased equipment,” Nicor said.

   “Partially offsetting these negative factors were increased revenues resulting from higher average rates, offset in part by the impact of lower volumes shipped.”

Show More
Close