Macquarie Infrastructure Sees Less Than $5M in Total Impact from Sandy


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Macquarie Infrastructure Company (NYSE: MIC) operating companiesInternational-Matex Tank Terminals (“IMTT”) and Atlantic Aviation have largelyrecovered from the effects of Hurricane Sandy. Both businesses report asubstantial return to normal operations after the storm.IMTT reports that its bulk liquid storage facility at Bayonne, NJ is receivingand delivering substantially all products by all modes of transport. Whilepermanent power has been restored to most of the facility, backup systems arein place and working in those parts of the facility still without permanentpower.Atlantic Aviation's fixed base operations at airports in Teterboro, NJ,Farmingdale, L.I., and Bridgeport, CT, as well as its heliport on East 34thStreet in New York City were damaged or disrupted by the hurricane. Eachfacility has been restored and normal operations have resumed.MIC expects its financial results for the fourth quarter to reflectapproximately $2.3 million in payments of insurance deductibles and less than$5 million in total impact from the storm.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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