C.H. Robinson’s 2Q Profit Increases

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $97.2 million, or 59 cents a share, up from $92.3 million, or 54 cents a share, a year ago.

Revenue grew 27.4% to $2.5 billion, the company said Tuesday. Transportation revenue grew 1.2% to $309.9 million.

Truck revenue, including truckload and less-than-truckload services, fell 2.4% to $241.7 million. Truckload volumes increased 18%, while truckload margins decreased due to higher transportation costs and higher fuel prices, offset partially by higher prices charged to customers. LTL revenues grew 20%, driven by a 25% increase in shipments.

Intermodal net revenue fell 11.4% due to increased volume.

C.H. Robinson is ranked No. 8 on the Transport Topics Logistics 50 listing of North American logistics firms.