News / CH Robinson chiefs put a brave face on 'well below-target' Q4 and FY 2019 results

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CH Robinson, the largest North American 3PL and overland trucking firm, reported dismal annual and fourth-quarter results to investors yesterday, showing revenue and profit declines in almost every sector of its business.

“I’ll get straight to the point – our net revenues, our operating margins and our earnings per share all finished well below our long-term targets,” chief executive Bob Biesterfeld bluntly stated at the beginning of yesterday’s earnings call.

“We have been facing some extreme, if not unprecedented, cyclical changes in ...