CH Robinson delivered revenue growth of 15% on a year earlier in 2Q, beating analysts’ estimates by 2% as a result of a price-driven surge of 21% in the North American trucking division. The forwarding business also improved with higher prices for airfreight and ocean handling, though the net revenue margins were down modestly. The decline in revenue margins came from an apparent push for market share, with U.S.-seaborne inbound volumes having risen by 8% vs. Expeditors’ 4%. CH Robinson also faces risks from the widening China-U.S. trade spat with 57% of its Transpacific volumes having o...
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