Net income reached $US28.5 million, up 25 percent over the US$22.8 million earned last year.
The higher net income was mainly due to an increase in volume brought about by the continued recovery of international trade, favorable container volume mix and higher revenues from storage and ancillary services.
ICTSI handled 1,171,969 teu’s in the period, 22% up on the same period in 2010. The increase in volume was mainly due to the continued recovery of the global economy particularly in markets where ICTSI’s terminals are located, and the inclusion of the TEU volume generated from the company’s new terminal in Portland, Oregon, USA.