[Stay on top of transportation news: .]
C.H. Robinson’s Fourth-Quarter, Full-Year Income Show Gains
Transportation and logistics firm C.H. Robinson Worldwide's 2006 net income rose to $266.9 million or $1.53 a share, up from $203.4 million or $1.16 in 2005.
Net income for the fourth-quarter rose to $71.8 million or 41 cents a share, up from $58.1 million or 33 cents a year earlier, the company said late Tuesday.Total transportation gross profit for the year increased 24.1% from 2005 to $946 million, while fourth-quarter transportation gross profit rose 19.5% to $246.2 million.Truck gross profit rose 23.5% for the year and intermodal gross profit rose 15.2%, the company said. Quarterly truck gross profits for the period ended Dec. 31 rose 19.8% and intermodal gross profits in the quarter increased to 11.1%.Gross revenue for the year increased to $6.6 billion from $5.7 billion in 2005, while fourth-quarter gross revenue was essentially flat at $1.6 billion. Total transportation revenue for 2006 was $5.3 billion, up from $4.7 billion in 2005. For the fourth quarter, transportation revenue rose $31.9 million to $1.3 billion.In December, C.H. Robinson acquired Triune, a non-asset based third-party logistics firm headquartered in India. (Click here for previous coverage.)C.H. Robinson is ranked No. 9 on the Transport Topics Logistics 50 listing of the largest North American logistics companies.