Kingston Wharves Reports $7B in Revenues for 2018


Chairman of Kingston Wharves, Jeffrey Hall is reporting revenues of more than $7 billion as at December 31, 2018.

This represents an increase of $884 million over 2017.

Mr. Hall says 2018 was a year in which they met growth and pro?tability targets and strengthened their position as the premier regional multi-purpose, multi-user terminal and as a market leader in logistics services.

He says KWL’s terminal division operating revenue was more than $5 billion.

Divisional operating profits increased by 20% over the prior year to over $1.8 billion.

Streamlined activities at the KWL Total Logistics Facility and the KWL Global Auto Logistics Centre resulted in the company realizing revenue growth in the Logistics segment by $460 million or 31 %.

The company continued to broaden the range of logistics services offered to local and international customers in-keeping with the national growth plan for the development of Kingston as a logistics centre for the region.

This resulted in operating profits of $561 million, a 25% increase over 2017.

In 2018, Tauna won the UNICEF Media Award for Excellence in Reporting on Children’s Rights. She graduated from CARIMAC in 2015 and joined NNN in 2016. Since then, she’s covered several high-profile court cases including the X6 murder trial, the police death squad trial and is currently covering the Uchence Wilson Gang trial. Thomas is the Producer of Talking History heard on Nationwide Radio every Saturday.

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