SITC Reports Q1 Revenue of Approximately $772 Million, Up 1.5% Year-on-Year

Stock News
04/20

SITC announced its financial results for the first quarter of 2026. The group's revenue reached approximately $772 million, representing a year-on-year increase of about 1.5%. This growth was primarily driven by an increase in container volume. The container volume for the quarter was approximately 855,800 TEUs, a rise of about 7.6% compared to the same period last year. However, the average freight rate, excluding interchange revenue, was $766.0 per TEU, a decrease of approximately 4.7% year-on-year.

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