On the wires: CH Robinson – our pole star in forwarding
Shining in its own light
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.