Tropical Shipping, which primarily transports containerized freight to the Bahamas and the Caribbean, moved 40,000 TEUs in the second quarter ending June 30, up from 36,500 TEUs in the same period last year.
Volumes were reported by AGL, an Atlanta-based natural gas utility which acquired Tropical in December as part of its purchase of the Illinois natural gas company NICOR.
AGL did not provide comparable figures for the prior year, but said Tropical had an operating loss in the second quarter of $4 million on revenue of $80 million in the second quarter of this year. NICOR said last year that Tropical had an operating loss of $300,000 and revenue of $79.9 million in the second quarter of 2011. – Chris Dupin
Tropical Shipping reports operating loss, volumes up
