C.H. Robinson says 2Q net income up 23.6%

For the six-month period:

Total transportation gross profits increased 16.4 percent to $271.1 million in the second quarter of 2007 from $233.0 million in the second quarter of 2006. The Minneapolis-based company’s transportation gross profit margin increased to 17.9 percent in 2007 from 17.1 percent in 2006.

C.H. Robinson said the increase in transportation gross profit margin in the second quarter was due to an increase in its truck transportation gross profit margins and to its mix of business. “We had faster growth in our miscellaneous transportation management services business, which has a higher gross profit margin than our transportation business overall,” the company said in a statement.

Truck transportation gross profits increased 15.6 percent in the second quarter of 2007, driven by increased volumes and an increase in gross profit margin, which expanded due to more widely available capacity in the marketplace compared to the second quarter of 2006, according to the company.

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