Florida East Coast Holdings reported its net income in the second quarter of 2013 was $3.8 million, improving from a net loss of $4.1 million in the same period last year.
Quarterly revenue was $66.9 million, improving 14.4 percent from $58.5 million in the second quarter of 2012. Total freight revenue increased 8 percent year-over-year from $109.5 million to $117.9 million.
In the first six months of 2013, net income for the 351-mile freight railroad in Florida was $7.9 million, rising from a net loss of $8.6 million in the first half of last year. Revenue in the first half of 2013 was $135.7 million, versus $115.8 million in the same period in the previous year, and total freight revenue from January to June improved 12 percent year-over-year from $222.1 million to $249.2 million.