CH Robinson Keeps On Trucking as Margin Expansion Beats UPS and K+N — Panjiva


CH Robinson Keeps On Trucking as Margin Expansion Beats UPS and K+N

Corp - Forwarders 157 Earnings 365 Global 723 Mode - Seaborne 1275 Mode - Truck 48

CH Robinson reported third quarter revenues that climbed 13.4% year over year due to an 18.7% surge in trucking revenues (on higher rates) and a 15.8% rise in global forwarding revenues. That’s better than the 8.5% expected by analysts for the freight forwarding group overall. The expansion came despite a 7.9% decline in net ocean revenues. While seaborne volumes climbed – including a 5.2% increase in U.S.-inbound volumes – CH Robinson suffered from a surge in ocean freight costs paid away to container-lines. That would suggest its faster-than-average growth in volumes came at the cost o...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.