TMM reverses second-quarter loss with revenue record JoC Online Edition

TMM blamed the 4.3 percent decline in revenue from ground operations -- from $23.1 million to $22.1 million -- on a smaller participation of agency services for Americana Ships. TMM this year sold its 50 percent stake in the Americana Ships joint venture to CP Ships.

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Bibliographic Details
Published inJournal of commerce (Newark, N.J.)
Main Author DANIEL J. MCCOSH JoC ONLINE Daniel McCosh can be reached at 011- 525-659-7477 or mccosh@avantel.net
Format Newspaper Article
LanguageEnglish
Published New York IHS Maritime & Trade 28.07.2000
Subjects
Corporate profits
Equity stake
Logistics
Net losses
MEXICO CITY
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Summary:TMM blamed the 4.3 percent decline in revenue from ground operations -- from $23.1 million to $22.1 million -- on a smaller participation of agency services for Americana Ships. TMM this year sold its 50 percent stake in the Americana Ships joint venture to CP Ships.