C.H. Robinson Worldwide Inc., Minneapolis, announced third-quarter gross profits increased 32.9 percent to $228.9 million in 2005 from $172.2 million in 2004.

Income from operations increased 40.3 percent to $85.6 million in the third quarter of 2005 from $61.0 million in the third quarter of 2004. Net income increased 44.8 percent to $54.1 million in the third quarter of 2005 from $37.3 million in the third quarter of 2004. Diluted net income per share increased 40.9 percent to $0.31 per share in the third quarter of 2005 from $0.22 per share in the third quarter of 2004.
For the nine months ended Sept. 30, 2005, gross profits increased 34.2 percent to $643.7 million from $479.8 million in 2004. Income from operations increased 45.5 percent to $233.7 million from $160.7 million in 2004. Net income increased 47.1 percent to $145.2 million from $98.7 million in 2004. Diluted net income per share increased 45.6 percent to $0.83 per share from $0.57 per share in 2004.
For the third quarter, total Transportation gross profits increased 31.9 percent to $198.0 million in 2005 from $150.1 million in 2004. Our transportation gross profit margin increased to 16.3 percent in 2005 from 15.9 percent in 2004.
“The increase in our truck transportation gross profits of 31.4 percent in the third quarter of 2005 was driven by volume growth and price increases in both truckload and less-than-truckload transactions,” the company said in the announcement. “Tight capacity created opportunities with new and existing customers. We are adding new carriers and expanding our existing carrier relationships, both of which gave us the capacity we needed to efficiently meet these needs.”