C.H. Robinson’s 3rd-quarter net income up 44.8%

C.H. Robinson’s 3rd-quarter net income up 44.8%    Minneapolis-based trucking and multimodal logistics provider C.H. Robinson said Tuesday that volume growth and price increases in both truckload and less-than-truckload transactions helped it achieve a 44.8 percent jump in third quarter net income to $54.1 million from $37.3 million in the third quarter of 2004.
   Income from operations increased 40.3 percent to $85.6 million in the latest quarter, from $61 million in the third quarter last year. Total revenue increased 32.1 percent to $1.48 billion from $1.12 billion.
   Transportation gross profits increased 31.9 percent to $197.9 million from $150.1 million. Gross profit for the truck transportation business improved 31.4 percent to $172.4 million. Intermodal gross profit was up 19.6 percent to $8.4 million.
   For the year-to-date, C.H. Robinson’s net income was up 47.1 percent to $145.2 million from $98.7 million in 2004. Income from operations increased 45.5 percent to $233.7 million from $160.7 million after nine months last year. Total revenue increased 30.4 percent to $4.1 billion, compared to $3.14 billion in the corresponding period last year.