C.H. Robinson Worldwide Profit Increases 6%
July 30, 2014
Third-party logistics provider, C.H. Robinson Worldwide has reported its second quarter net income increased 6% from the same time a year ago.
It totaled nearly $118.6 million compared to almost $111.9 million while net revenue increased 10.2% to $521 million for the Minnesota-based company.
Diluted earnings per share rose to 80 cents from 70 cents, during the same time frame.
Truckload net revenues increased 15.6% in the second quarter of 2014 compared to the second quarter of 2013, while truckload volumes increased approximately 4%.
Less-than-truckload net revenues increased 11% compared to the second quarter of 2013. The hike was driven by an 8% increase in total shipments and a slight increase in net revenue margin, according to the company.
Intermodal net revenues increased 9.5%, driven by improved purchased transportation costs, a change in business mix, and a volume increase of 1%, thought the company said intermodal volumes were adversely impacted by railroad service levels.