C.H. Robinson scores solid marks

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.

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