EXCLUSIVE: CH Robinson – forwarding debacle spurs another top casualty
Rolling
Net profit during 2015 at CH Robinson grew 13.3% on the previous year, the company reported yesterday. Falling transport costs boosted higher net revenues, it said, with significant expansion in trucking, a sector which was also aided by the LSP’s acquisition of Freightquote.com. LTL revenues rose an impressive 41.4% in the fourth quarter, year-on-year. Intermodal, air and ocean all saw net revenue declines, however, which the company said was related to charging customers less. Sourcing and logistics services both saw rises, of 11.9% and 16.1% respectively in Q4. Overall net income for 2015 was $509.7m, up from $449.7m.
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