News in Brief Podcast | Week 18 | Transpac chaos and Q1 earnings
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
© Khunaspix Dreamstime.
CH Robinson recorded double-digit growth in revenue and profitability, thanks to its buoyant road division driving over losses in other business areas.
Overall first-half profit hit $301.5m, up 29.3%, thanks to a 15.1% upturn in revenue, which reached $8.2bn.
Its North American Surface Transportation (Nast) unit saw revenue climb 19.4% year on year for the six months to June, hitting $5.5bn and generating profits of $353.8m.
And despite the strong performance, chief operating officer Robert Biesterfeld told investors he believed Nast had yet to ...
Comment on this article
Andreas Kout
August 03, 2018 at 2:05 pmWell Mr. Wiehoff you have since 1,5 years a problem the CHR strategy that in case of relying on own assets in trucking,hauling,intermodal to outsource everysthing and buy transportation services from the market ,doesnt really improve your standing irrespective the volumes you control.The asset driven companies in the US like A Xpo etc do much better than do and this wlli last, you should rethink your strataegy on this,however to do this it s too late and sorry to say as a leader you should have been seeing this development coming up and changing it at a time it was possible. It´s now the time Mr.Wiehoff to say goodbye as market situation will not really change either in the other way around. A company leader must be close to market and you have clearly shown you are not. So pls quit ,do us a favour your time is more than over, you have clearly shown not to be up market and this is what professionals are expecting from a leader, so you have totally failed.
regards
A.Kout