Finances
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 8.0% in January 2018 compared to the year-earlier period.
Effective January 1, 2018 the methodology has been updated. For comparison purposes 2017 data has been calculated in accordance with the updated methodology. Also note that the effect of subsequent events is excluded from the numbers as of January 1, 2018.
Sotherly Hotels Inc. today announced that a subsidiary of its Operating Partnership, Sotherly Hotels LP, has acquired the 318-room Hyatt Centric Arlington located in Arlington, Virginia (the “Hotel”) for an aggregate purchase price of $79.7 million.
Otelco Inc. (NASDAQ:OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia today announced results for its fourth quarter and year ended December 31, 2017. Key highlights for Otelco include:
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