C.H. Robinson quarterly earnings were released today, revealing gains in revenue linked to higher pricing but also telling of higher fuel costs.
A couple of excerpts:
Our truck net revenues, which consist of truckload and less-than-truckload (“LTL”) services, increased 13.1 percent in the third quarter of 2011. Our truckload volumes increased approximately four percent in the third quarter of 2011 compared to the third quarter of 2010. Our truckload net revenue margin decreased slightly in the third quarter of 2011 compared to the third quarter of 2010.
Excluding the estimated impacts of the change in fuel, our truckload pricing to our customers increased approximately four percent in the third quarter of 2011 compared to the third quarter of 2010. Our truckload transportation costs increased approximately three percent, excluding the estimated impacts of the change in fuel. Our LTL net revenues increased approximately 28 percent. The increase was driven by an increase in total shipments of approximately 15 percent and pricing increases.
For the third quarter, our Sourcing revenues increased 5.0 percent. Sourcing net revenues increased 3.7 percent to $33.1 million in 2011 from $31.9 million in 2010, primarily driven by a change in our mix of business due to an increase in value-added services. On September 26, 2011, we acquired Timco Worldwide, a leading melon category provider, in Davis, California.
Here is an Oct. 20 release about the results from Chipotle, showing the chain is still growing strong,with about 140 new restaurants opened this year and 160 new units next year. More guac, please!
Also from Oct. 20, Union Pacific quarterly results, revealing a 9% gain in agricultural revenues. Not bad, but short of the 23% gain in automotive freight and 21% gain in evergy freight. Interesting trivia: average train speed in third quarter was 24.6 mph, down 4% from last year based on weather challenges.
From Oct.19, Supervalu quarterly results. For the second quarter of fiscal year 2012 ending Sept. 10, Supervalu said retail food net sales were $6.6 billion compared to $6.7 billion last year, primarily reflecting identical store sales of negative 1.8 percent and previously announced market exits.
Kind of grim. From the release:
Total retail square footage was 63.5 million, a 2.1 percent decrease from the second quarter of fiscal 2011 primarily as a result of fiscal 2011 market exits. Excluding the impact of market exits and store closures, total retail square footage increased 1.8 percent compared to the second quarter of fiscal 2011.
Second quarter independent business net sales were $1.8 billion compared to $2.0 billion last year, a decrease of 5.8 percent, primarily attributed to Target’s transition to self-distribution and the divestiture of Total Logistic Control, which occurred in the fourth quarter of fiscal 2011.
But some optimism...
“Our 8 Plays to Win strategy is gaining traction and we remain on plan with our business transformation. Increased discipline and analytical tools are helping to advance hyper local retailing initiatives, which are starting to have a positive impact on our customers’ shopping experience,” said Craig Herkert, SUPERVALU’s chief executive officer and president. “While I am encouraged by our execution, I remain mindful of the challenging economy and its impact on consumer behavior. As we move into the second half of our fiscal year, SUPERVALU remains focused on its strategy and meeting the needs of its customers.”
Meanwhile, it seems the CSPI campaign against sugary pop is having no effect on Coke, as it reports growth in its quarterly sales released Oct. 18. I'm not the only one picking up Coke Zero; the company reports that Coke Zero volume grew by 12% in North America in the third quarter.