Fortress Transportation posts 3Q profit

NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported third-quarter net income of $3 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had net income of 4 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 5 cents per share.

The transportation infrastructure company posted revenue of $60.4 million in the period.

Fortress Transportation shares have increased 39 percent since the beginning of the year. The stock has increased 43 percent in the last 12 months.

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