Total Transportation gross profits increased 19.5 percent to $246.2 million in the fourth quarter of 2006 from $205.9 million in the fourth quarter of 2005. Our Transportation gross profit margin increased to 18.3 percent in 2006 from 15.7 percent in 2005.
Pretty spectacular given the cautious guidance and reports from both asset-based truckers like YRC Worldwide (NASDAQ:YRCW) and non-asset-based peer Landstar (NASDAQ:LSTR). CHRW's performance yesterday was equally spectacular with shares up 21.57%.
Disclosure: at time of publication, author is short Landstar (LSTR) put options.
CHRW 1-yr chart: