The global freight forwarding sector saw weaker revenues but improved profitability in 2Q. CH Robinson’s revenues fell 8.6% year over year – 2.5% points lower than analysts’ expected – but saw an increase in its EBITDA margin to 6.5% from 5.6% a year earlier due to cost cutting. DSV meanwhile saw revenue growth of just 3.0%, which was also 2.5% worse than analysts’ forecasts. It also saw increased profitability due to a stronger ocean freight business. The outlook is less certain with CH Robinson’s CEO, Bob Biesterfeld, stating “We expect the soft freight environment to continue through ...