News / CH Robinson ready to hit the acquisition trail again after a successful third quarter

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CH Robinson, one of the largest US multimodal transport and logistics providers, yesterday announced an improved third-quarter net profit, up by almost 12%, and said it was actively looking at further acquisitions in North America and Europe.

Net transport revenue was up 12.5% year-on-year in Q3 to $560m, while gross revenues declined 1.4% to $3.4bn, primarily due to lower fuel prices. Net profit was up 11.6% to $139.4m and, for the nine-month period, net profit was $383.1m – 13.8% higher than ...