SATS ( (SG:S58) ) just unveiled an update.
The Port Authority of New York and New Jersey, in collaboration with Realterm and Worldwide Flight Services, has inaugurated a new $270 million cargo terminal at John F. Kennedy International Airport. This facility, the first of its kind at JFK in 30 years, aims to streamline operations by consolidating four cargo zones into one, thereby reducing congestion and enhancing JFK’s status as a key hub for global trade. The terminal is expected to bolster the local economy by supporting over 93,000 jobs and generating $11.4 billion in economic activity annually, while also improving service for industries reliant on high-value cargo such as pharmaceuticals and electronics.
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YTD Price Performance: -24.39%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.17B
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