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IATA partner completes drone test flight programme
FARNBOROUGH, UK: July 17, 2018. Drone manufacturer...

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Hactl becomes first to complete IATA SFOC
HONG KONG: July 17, 2018. Hong Kong Air Cargo Term...

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Freightos and Lufthansa launch rate platform
LONDON: July 17, 2018. Lufthansa Cargo and Freight...

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Antonov building on 2017 growth
LONDON: July 17, 2018. Having recorded an 81 perce...

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Delta and Korean Air begin trans-Pacific cargo collaboration
ATLANTA: July 17, 2018. Delta Air Lines Cargo and ...

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Southwest begins international cargo service to Mexico
HOUSTON, TX: July 16, 2018. Southwest Airlines Car...

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Volga-Dnepr to order 34 new widebody freighters
FARNBOROUGH, UK: July 17, 2018. Volga-Dnepr Group ...

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APL Logistics joins Blockchain in Transport Alliance
SINGAPORE, July 16, 2018. APL Logistics has joined...

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IoT platform to monitor pharma shipments in flight
FARNBOROUGH, UK: July 16, 2018. AirBridgeCargo Air...

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IATA partner completes drone test flight programme
Hactl becomes first to complete IATA SFOC
Freightos and Lufthansa launch rate platform
Antonov building on 2017 growth
Delta and Korean Air begin trans-Pacific cargo collaboration...
Southwest begins international cargo service to Mexico
Volga-Dnepr to order 34 new widebody freighters ...
APL Logistics joins Blockchain in Transport Alliance
IoT platform to monitor pharma shipments in flight...

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DARIEN, CT: August 01, 2017. Railroad company Genesee & Wyoming (G&W) has reported an unchanged net income of US$75.4 million on a 7.6 percent increase in revenue to US$1.05 billion for the first six months of 2017.

GW railroadSecond quarter revenue rose 7.8 percent to US$540.4 million from $501.4 million year-on-year as net income fell slightly to US$48.1 million from US48.3 million in 2016.

During the period the company acquired Pentalver Transport, a UK-based maritime container terminal and transportation business, and Atlantic Western Transport, parent company of Heart of Georgia Railroad.

Jack Hellmann, chairman, president and CEO of G&W said with US$154 million of free cash flow after the first six months of the year, the company continues "to evaluate a range of acquisition and investment opportunities across our global footprint of railroads".

During the second quarter, North America operating revenue increased 3.6 percent to US$315.7 million and operating income rose 0.7 percent to US$79.6 million; in Australia revenue from G&W's 51.1 percent-owned business rose 38.9 percent to US$76.8 million while adjusted operating income doubled to US $20.3 million.

In the UK and Europe during the period, revenue rose 4.5 percent to US$148.0 million and reported adjusted income increased to US$5.9 million from US$3.4 million.

G&W owns or leases 122 freight railroads worldwide and provides rail service at more than 40 major ports in North America, Australia and Europe.

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