results of operations

The following table illustrates our gross profit margins by services and products:
For the years ended December 31,
    2007   2006   2005  
Transportation     18.4 %    17.8   16.3
Sourcing     7.7     7.9     8.2  
Information Services     100.0     100.0     100.0  
      Total     17.0 %    16.5   15.5

The following table summarizes our gross profits by service line:
For the years ended December 31,
(Dollars in thousands)
  2007   2006   Change   2005   Change  
Gross profits:
   Transportation
      Truck
   $ 949,277         $ 822,954           15.3 %       $ 666,605           23.5 %   
      Intermodal   38,670     36,176     6.9     31,392     15.2  
      Ocean   43,530     37,150     17.2     29,182     27.3  
      Air   31,315     21,533     45.4     13,321     61.6  
      Miscellaneous   35,240     28,152     25.2     19,824     42.0  
   Total Transportation   1,098,032     945,965     16.1     760,324     24.4  
   Sourcing   100,220     94,229     6.4     81,459     15.7  
   Information Services   45,526     42,350     7.5     37,967     11.5  
      Total $ 1,243,778   $ 1,082,544     14.9 $ 879,750     23.1

The following table represents certain statements of operations data, shown as percentages of our gross profits:
For the years ended December 31,
    2007   2006   2005  
Gross profits     100.0 %    100.0   100.0
Selling, general, and administrative expenses:
   Personnel expenses
    45.7     47.7     48.6  
   Other selling, general, and administrative expenses     13.4     13.7     14.3  
   Total selling, general, and administrative expenses     59.1     61.4     62.9  
Income from operations     40.9     38.6     37.1  
Investment and other income     1.2     1.1     0.7  
Income before provision for income taxes     42.1     39.7     37.8  
Provision for income taxes     16.0     15.0     14.7  
Net income     26.1 %    24.7   23.1

backnext