Analysis: CH Robinson – from worst to best...or beast?
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AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Three US logistics companies beat a weak market trend to see profits grow in the second quarter. CH Robinson (on which we will report in the coming days), saw Q2 profit rise 4.3%, year-on-year, to $143m, while net revenues fell 1.4% despite a 3% increase in volumes. The company blamed “lower pricing”. Intermodal company Hub Group saw income rise nearly 12% to $20.7m, against a revenue decline of 5%, which it put down to falling fuel prices. Echo Logistics also reported increases. Revenue rose 19% to $444m, while net income increased 383% to $1.9m. The company acquired Command Transportation last year.
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