C.H. Robinson reported a 16.3% year over year drop in net revenues in Q1, largely due to a downturn in its trucking business. Revenues in global forwarding fell due to a 2.3% slide in ocean freight shipments and an 8.0% slump in airfreight handled. The slide in airfreight isn’t a surprise given IATA data shows global volumes fell by 15.2% year over year in March. A 22.7% slide in capacity – due to a termination of passenger flights – meant utilization of the global airfreight fleet reached its highest since 2010, driving a jump in air shipping rates. C.H. Robinson’s CEO, Robert Biesterfe...