C.H. Robinson Worldwide Inc. said that its second-quarter gross profit increased 11.9% to $136.0 million compared to the same period last year. Income from operations increased 12.6% to $46.2 million, and net income increased 14.9% to $29.0 million. "Our core truck business continued to turn in solid results, and our other modes again made significant contributions this quarter," said CEO John P.
C.H. Robinson Worldwide Inc. said that its second-quarter gross profit increased 11.9% to $136.0 million compared to the same period last year.
Income from operations increased 12.6% to $46.2 million, and net income increased 14.9% to $29.0 million.
"Our core truck business continued to turn in solid results, and our other modes again made significant contributions this quarter," said CEO John P. Wiehoff.
Wiehoff said the company's 10% increase in its truck transportation business was driven by volume growth in both truckload and less-than-truckload transactions and an increase in profit per transaction in its truckload business.
For the six months ended June 30, 2003, gross profit increased 14.4% to $269.1 million. Income from operations increased 19.8% to $89.6 million and net income increased 21.1% to $55.8 million.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Commercial fleets bear a heavy burden from economic uncertainty, operational costs, and litigation risks. In-cabin video technology offers opportunities to reduce fleet expenses...
