News / NAST gives CH Robinson a boost as second-quarter revenues plunge

A near-9% drop in revenue failed to slow CH Robinson’s growth momentum, as income from operations during Q2 climbed 3.9%.

Total turnover plummeted 8.6% to $3.9bn, with the group blaming lower pricing across “most” transport modes, but it sought to highlight success in net revenue.

Chief executive Bob Biesterfeld said: “In the second quarter, we achieved 3.5% net revenue growth, solid performance versus the year-ago period where net revenue increased 17%.

“We delivered our fifth consecutive quarter of operating margin expansion and an ...