News / CH Robinson acquires Canadian forwarder for $50m after a poor Q2

© Khunaspix Dreamstime.

CH Robinson has acquired Canadian broker, forwarder and transport operator Milgram & Co for a reported $62m (US$50m).

The deal follows a poor second quarter for the US-based 3PL, with a weak performance from its largest business, trucking, resulting in tumbling profits despite a surge in revenue.

However, the group’s global forwarding division stood as an outlier of success, reporting almost 50% revenue growth and a 24.5% rise in profits.

The firm hopes the integration of Milgram into the global forwarding unit will help build on this success.

CH Robinson ...