News / Decline in truckload volumes the only dampener for CH Robinson in Q2

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CH Robinson, one of the US’s largest freight companies, today reported double-digit increases in second-quarter revenues, despite a decline in its largest business area, trucking.

Strong results from its ocean and air freight forwarding divisions meant that total group revenue for the quarter increased 12.4% year-on-year to $3.7bn, but operating profit  declined 3.4% to $574m.

Chairman and chief executive John Wiehoff said: “Our results were significantly impacted by truckload margin compression. Purchased transportation costs increased significantly during the quarter, while much of our ...