White House u-turns see freighters flying but keep logistics players on their toes
Small businesses in the US will be breathing a (small) sigh of relief following the ...
© 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 ...
Comment on this article