A long slow road to recovery for US trucking – some operators won't make it
The recent cut in interest rates is not lifting the US trucking industry out of ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
Net profit during 2015 at CH Robinson grew 13.3% on the previous year, the company reported yesterday. Falling transport costs boosted higher net revenues, it said, with significant expansion in trucking, a sector which was also aided by the LSP’s acquisition of Freightquote.com. LTL revenues rose an impressive 41.4% in the fourth quarter, year-on-year. Intermodal, air and ocean all saw net revenue declines, however, which the company said was related to charging customers less. Sourcing and logistics services both saw rises, of 11.9% and 16.1% respectively in Q4. Overall net income for 2015 was $509.7m, up from $449.7m.
Comment on this article