C.H. Robinson’s 3rd quarter net income up 30%
Minneapolis-based trucking and multimodal logistics provider C.H. Robinson Tuesday reported a 30 percent rise in net income during the third quarter to $70.4 million, compared to $54.1 million in the same quarter 2005.
The company’s quarterly operating income increased 30 percent to $111.1 million from $85.6 million. Revenue in the third quarter improved 15 percent to $1.71 billion from $1.49 billion.
After nine months, C.H. Robinson’s net income was up 34 percent to $195.1 million from $145.2 million in the corresponding period last year. Operating income increased 32 percent to $307.5 million while total gross revenue gained 20 percent to $4.9 billion.