Total Transportation net revenues decreased 0.2 percent to $309.8 million in the third quarter of 2009 from $310.4 million in the third quarter of 2008. Our Transportation net revenue margin increased to 19.8 percent in 2009 from 15.9 percent in 2008 largely driven by a decline in fuel prices and a lower cost of capacity.
Our truck net revenues, which consist of truckload and less-than-truckload ("LTL”) services, increased 2.1 percent in the third quarter of 2009. Our truckload volumes were relatively consistent with the third quarter of 2008. Our truckload net revenue margins increased due to lower fuel prices and lower cost of capacity. Excluding the estimated impacts of fuel, on average our truckload rates decreased approximately 7 percent in the third quarter of 2009 compared to the third quarter of 2008. Our LTL net revenues decreased slightly. The decrease was driven by price declines, largely offset by volume increases. Our LTL net revenue margin was relatively consistent with the third quarter of 2008.
Yes and right now things are sweet for them but it will swing back somewhat. Not just yet though.
DOW JONES NEWSWIRES
C.H. Robinson Worldwide Inc.'s (CHRW) third-quarter profit climbed 2% as the trucking and logistics company again reported higher margins, offsetting sliding revenue.
Improved margins have helped C.H. Robinson offset falling revenue over the past few quarters, helped by its ability to buy cheap transport capacity on spot markets and reselling it at higher contract rates. But concerns have risen as the eventual economic recovery could allow truckers and other transport providers greater pricing power