High And Heavy Transportation News

“Shipping volumes increased in the fourth quarter. As expected, car volumes improved more than high and heavy volumes," stated Thomas Wilhelmsen, group WWH CEO. Operating profit for the fourth quarter of 2013 was USD 82 million (USD 96 million) based on a total income of USD 893 million (USD 903 million). The operating profit for the quarter was negatively impacted by an accrual related to a draft cease and desist order which the partly owned Wilh. Wilhelmsen ASA (WWASA) company Wallenius Wilhelmsen Logistics (WWL) received in January 2014 (WWASA’s accrued share is USD 16.5 million).