News / CH Robinson eyes more acquisitions as rising costs result in weak third quarter

CH Robinson, one of the largest US logistics companies, reported this week that revenues and profits had fallen in Q3 due to higher trucking costs and fall-out from Hanjin’s bankruptcy.

The company saw margin compression in its core truck brokerage and freight forwarding divisions as freight rate increases, introduced by trucking firms and shipping lines, couldn’t be recouped from shippers.

Its largest business segment remains truckload brokerage, which delivered net revenue – income after paying carriers – of $310m, a 10% decrease on the third quarter ...