C.H. RobinsonÆs 4th quarter profit up 19.5%
Minneapolis non-asset-based, third-party logistics provider C.H. Robinson on Tuesday reported a 19.5 percent rise in fourth quarter net income to $85.3 million, compared to $71.8 million in the fourth quarter of 2006.
The company's quarterly operating income increased 20.4 percent to $132.9 million from $110.4 million. Gross revenue improved 18.8 percent to $1.95 billion from $1.64 billion in the prior year quarter.
For the full year, C.H. Robinson's net income improved 21.5 percent to $324.3 million from $266.9 million in 2006. Operating income rose 22 percent to $509.7 million while total gross revenue gained 11.6 percent to $7.32 billion.
C.H. Robinson’s 4th quarter profit up 19.5%
