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

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