On February 27 th, Damco, one of the world's leading freight forwarding and logistics service providers reported a 19% increase in net revenue compared to 2011. Net revenue in 2012 increased to 3,272 million USD, from 2,752 in 2011. Gross profit saw a rise of 7% to 807 million USD in 2012.
On February 1 st Air T Inc. (Nasdaq: AIRT) reported consolidated revenues for fiscal 2013's third quarter were $26,703,000, an increase of 4% compared to the similar 2012 fiscal quarter. Consolidated revenues for the first nine months of the 2013 fiscal year were $72,353,000 or 7% higher than the prior year comparable period.
On February 4 th China Logistics ( OTCQB: CHLO) an international freight forwarder and logistics management company, reported that management sees strong growth in volumes for its four largest international routes to Europe, United States, Middle East and Southeast Asia.
In the first 9 months of 2012 ending September 30 th, 2012, the total freight volume arranged by China Logistics from its Shanghai location to Europe, United States, Middle East and Southeast Asia was approximately 3,000 TEU or, twenty foot equivalent units, generating revenues of approximately $6,700,000 and gross profits of $1,200,000. Management sees a growth of 20% to 30% for the company through these four major international routes in 2013 which is expected to significantly improve overall financial performance over the course of this year.
Forward Air Corporation (NASDAQ:FWRD) also reported results for the fourth quarter and year ended December 31 st, 2012 on February 11 th.Operating revenue for the quarter ended December 31 st, 2012 increased 4.9% to $155.5 million from $148.2 million for the same quarter in 2011. Income from operations was $24.0 million, compared with $23.6 million for the fourth quarter of 2011, an increase of 1.7%. Net income per diluted share for the fourth quarter of 2012 was $0.54 compared with $0.50 in the same quarter of 2011, an increase of 8.0%.
Operating revenue for the year ended December 31 st, 2012 increased 8.9% to $584.4 million from $536.4 million for the year ended December 31 st, 2011.
Radiant Logistics, Inc. (NYSE MKT: RLGT) , a domestic and international logistics services company, reported financial results on February 11 th for the three and six months ended December 31 st, 2012.•Total revenues increased 7.7% to $78.2 million in the second fiscal quarter of 2013 from $72.6 million for the comparable prior year period.
Article reference: http://theloadstar.co.uk/results-show-that-its-better-to-be-in-logistics-than-in-liner-shipping/
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