The quarterly numbers for C.H. Robinson came in as one might expect for a 3PL operating in the midst of a weak freight market that has been particularly brutal for brokerages.
Total revenues were down 27.8% from the third quarter of last year. Gross profits were down almost 29%. Income from operations was down 60.5%. Adjusted operating margin was down 1,450 basis points to 17.9%.
But there was enough in the report to encourage Wall Street investors. In the first hour after the release of the...
https://www.freightwaves.com/news/c-h-robinson-has-weak-quarter-as-expected-but-productivity-rises