The integrator’s positive earnings momentum was led by its air cargo-focused Express division that saw pre-tax profit increase 63% year over year in the quarter.
With a recent investment commitment from current majority owner China Merchants Port Holdings, Hambantota’s annual box-handling capacity is expected to double to 2 million TEUs by the end of the year.
Investment in alternative fuels and electric trucks remains constrained by high upfront costs, infrastructure limits and the difficulty of passing green premiums on to customers, industry leaders say.
