Private prison companies see revenues surge from ICE detentions

Government contracts fueled a financial boom this year for the two private prison companies that dominate the U.S. immigration detention industry.

The industry stands to gain further as the Trump administration expands the network of privately run detention sites nationally, targeting a goal of deporting 1 million immigrants this year.

From the detention facilities that private-prison firm GEO Group owns or leases, revenue for the second quarter this year jumped 12% from last year, driven largely by new contracts at facilities like Delaney Hall in Newark...