International Shipholding reports smaller 3Q profit

Friday, October 26, 2012

International Shipholding Corp. had a profit of $1.78 million in the third quarter ending Sept. 30, compared to $2.85 million in the same 2011 period. Revenue was $61.2 million in the third quarter, compared to $67.1 million in the same 2011 period. During the third quarter, the company acquired a railcar repair facility in Mobile, Ala., for $4.5 million. Mobile is the northern terminus of the company's rail ferry service to Mexico. In October, ...

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