CH Robinson Beats the Street (Again), Still Has Far to Travel — Panjiva
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CH Robinson Beats the Street (Again), Still Has Far to Travel

Corp - Forwarders 347 Earnings 759 Global 1391 Mode - Airfreight 182 Mode - Seaborne 1845 Mode - Truck 75

CH Robinson reported 3Q revenues that improved 13% on a year earlier, and were 3% better than analysts expected. While that was a smaller “beat” than Panalpina’s, CH Robinson has now outperformed expectations for five straight quarters. Growth was driven by a 44% rise in ocean-freight transport, though that will have included improved rates given U.S.-inbound volumes only rose by 11%. North American truckload volumes meanwhile dropped 2%. For context the freight forwarder sector’s revenues likely rose 10% in the quarter in total. CH Robinson also did better in terms of profitability, wit...

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