C.H. Robinson Worldwide, Inc. Profile

C.H. Robinson Worldwide, Inc. (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a wide variety of industries. During the year ended December 31, 2005, the Company handled approximately 4.4 million shipments for more than 20,500 customers. The Company operates through a network of 196 offices, in North America, South America, Europe and Asia. C.H. Robinson has developed global multimodal transportation and distribution networks to provide logistics services worldwide. In February 2005, the Company acquired the operations and certain assets of three produce sourcing and marketing companies: FoodSource, Inc., FoodSource Procurement, LLC, and Epic Roots, Inc (collectively, the Foodsource entities). Also, during 2005, C.H. Robinson acquired two freight-forwarding businesses, in separate transactions: Hirdes Group Worldwide (Hirdes) and Bussini Transport S.r.l. (Bussini). For the six months ended 30 June 2006, C.H. Robinson Worldwide Inc.'s revenues increased 22% to $3.2B. Net income increased 37% to $124.7M. Revenues reflect increased income from Transportation divisions, higher sales from Sourcing division and an increase in sales from Information Services. Net income also reflects higher gross margins and increased investment & other income. The Company provides freight transportation services and logistic solution to other Co's.