CH Robinson Delivers, Takes An Upbeat But Risky Outlook — Panjiva


CH Robinson Delivers, Takes An Upbeat But Risky Outlook

Corp - Forwarders 157 Earnings 365 Mode - Seaborne 1273 U.S. 3301

Freight forwarder CH Robinson reported 4Q EBITDA that was 7.6% higher than analysts’ expectations, resulting in an EBITDA margin of 6.8% compared to 5.9% a year earlier. That was predominantly driven by improved conditions in North American surface freight, echoing JB Hunt’s results. There was also a surge in profitability in the global forwarding operations, helped by an increase in market share. For example U.S. seaborne imports climbed 13.0% year over year compared to 7.7% for its peers. The firm expects a “balanced freight market” and continued economic growth in 2019. Wi...

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