| The following table illustrates our gross profit margins by services and products: For the years ended December 31, |
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| 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) |
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| 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, |
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| 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 | % | |||||||||