CH Robinson Bests Nippon Express For Revenues, Both Deliver on Margins — Panjiva


CH Robinson Bests Nippon Express For Revenues, Both Deliver on Margins

Corp - Forwarders 160 Earnings 371 Global 747 Mode - Airfreight 132 Mode - Seaborne 1286 Mode - Truck 48

The freight forwarders’ calendar 4Q results may turn out better than the initial results from JB Hunt suggested. Both CH Robinson and Nippon Express have reported higher-than-expected revenues, beating forecasts by 6% and 5% respectively. CH Robinson’s growth of 12% on a net basis was the fastest rate of growth since at least 2013, and included strong U.S. land revenues. Nippon Express’s 9% growth included better domestic airfreight volumes. Both delivered profitability that was inline with expectations (though profits were better in absolute terms). At an EBITDA margin of 5.9% for CH Ro...

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