CH Robinson reported a 4.4% year over year drop in revenues in 1Q 2019, the first decline since 3Q 2016 and below analysts’ expectations. Reduced pricing in the trucking business, lower airfreight volumes and unchanged ocean freight volumes were the main reasons for the slowdown. Notably U.S. seaborne imports from China handled by CH Robinson slumped 12.2% compared to an industry average of just 5.7%. As a result, CH Robinson’s total U.S. inbound shipments fell 7.8%. Lower costs, and presumably a shedding of less profitable Chinese contracts, allowed the firm to improve its profitability...