• ITVI.USA
    15,353.780
    -79.690
    -0.5%
  • OTLT.USA
    2.732
    0.005
    0.2%
  • OTRI.USA
    20.880
    0.030
    0.1%
  • OTVI.USA
    15,332.660
    -75.700
    -0.5%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,353.780
    -79.690
    -0.5%
  • OTLT.USA
    2.732
    0.005
    0.2%
  • OTRI.USA
    20.880
    0.030
    0.1%
  • OTVI.USA
    15,332.660
    -75.700
    -0.5%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

C. H. ROBINSON REPORTS 31% HIGHER 4TH QUARTER NET INCOME

C. H. ROBINSON REPORTS 31% HIGHER 4TH QUARTER NET INCOME

   C.H. Robinson, the Eden Prairie, Minn.-based international transportation and third-party logistics group, reported large increases in profits and revenues for the quarter and year ended Dec. 31, 1999.

   For the latest quarter, income from operations increased 29 percent, to $22.7 million, from $17.5 million in the fourth quarter of 1998. Net income rose 31 percent, to $14.6 million, from $11.1 million.

   Gross revenues for the quarter were $579 million, up from $507.1 million in the fourth quarter of 1998. Net revenues increased 23 percent, to $77.9 million, from $63.4 million.

   For the year, income from operations increased 23 percent, to $83.8 million, from $68.4 million in 1998. Net income went up by 24 percent, to $53.3 million, from $43.0 million in 1998.

   Gross annual revenues were $2.26 billion in 1999, an increase of 11 percent from the $2.04 billion gross revenues for 1998. Net revenues increased 19 percent, to $293.3 million, from $245.7 million for 1998.

   D.R. “Sid” Verdoorn, chairman and chief executive officer of C.H. Robinson, said: “Transportation net revenue growth exceeded our performance goals this quarter in part because of the added contributions of our acquisitions, including American Backhaulers, which closed in mid-December, and our European operations.”

   C.H. Robinson provides multimodal transportation and logistics services and    operates through a network of 131 offices in North America, South America and Europe.

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