North America and Asia both achieved double-digit percentage increases in net revenue compared to last year. On a constant exchange rate basis, Europe and Latin America grew by 14 percent and 7 percent, respectively. Compared with the nine-month period last year, net income increased by 3 cents with the consolidation costs, and by 10 cents without. Despite the long-term nature of these investments, we are pleased to see early signs of their success. Fritz Companies is a specialist in global integrated logistics.
Emphasis is placed on simplifying processes and reducing overall transportation costs.
The Fritz network is composed of highly trained professionals working in more than 400 locations in 120 countries. In this press release, the company makes forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our operations. Many possible events or factors could affect the future financial results and performance of the company. This could cause results or performance to differ materially from those expressed in the company's forward-looking statements.