MENU
SEARCHThe third party logistics provider C.H. Robinson Worldwide Inc. reported on Tuesday a 21.5% increase in net income for the final quarter of last year while it improved 8.1% for all of 2014.
The third party logistics provider C.H. Robinson Worldwide Inc. reported on Tuesday a 21.5% increase in net income for the final quarter of last year while it improved 8.1% for all of 2014.
Fourth quarter net income totaled $113 million compared to $93 million a year earlier while revenue moved higher by 6.5% to $3.36 billion. Earnings per diluted share increased to 77 cents from 62 cents.
For all of 2014, the Minnesota-based company posted total revenue of $13.5 billion, a 5.6% gain from the year before, while net income was $449.7 million compared $416.9, during the same time frame. Earnings per diluted share increased to $3.06 from $2.65.
“2014 was a very good year for us. We were successful in achieving our long term target of double digit earnings per share growth and we made good progress with many strategic initiatives,” said John P. Wiehoff, chairman and CEO. “We did a great job of adjusting to very significant changes in North America surface transportation market conditions.”
The company’s truckload net revenues increased 15.3% in the fourth quarter of 2014 compared to the year before with its North America truckload volume increasing approximately 3%.
“In North America, excluding the estimated impacts of the change in fuel, our average truckload rate per mile charged to our customers increased approximately 12% in the fourth quarter of 2014 compared to the fourth quarter of 2013,” he said. “In North America, our truckload transportation costs increased approximately 11%, excluding the estimated impacts of the change in fuel."
C.H. Robinson saw its less-than-truckload net revenues increase 7.8% in the fourth quarter of 2014 compared to the fourth quarter of 2013. The increase was driven by a four percent increase in total shipments, and increased customer pricing, partially offset by higher costs, according to the company.
The company’s intermodal net revenues increased 3.8% in the fourth quarter of 2014 from a year earlier and were attributed as primarily being driven by increased operational improvements and customer pricing.
In the final quarter of last year compared to the fourth quarter of 2013, the company also reported a 22.8% hike in ocean revenue, a 7.9% gain in air transportation revenue and a 4% increase in logistics services revenue.
When the unexpected happens, how you react to, and deal with operational blind spots is critical. Here’s how to keep you recovery on track, when nothing is normal.
Read More →
As fleets adopt artificial intelligence for routing, maintenance, and load matching, new security risks are emerging. Learn where the vulnerabilities are and how to put the right controls in place.
Read More →
The long-awaited registration system promises a single portal — and tighter fraud controls.
Read More →
CargoNet reports fewer supply chain crime events to start 2026. But losses hold steady as organized crime shifts tactics toward impersonation schemes and high-value goods.
Read More →
Heavy Duty Trucking is searching for forward-looking leaders at trucking fleets as nominations for HDT’s Truck Fleet Innovators 2026. Deadline is May 15.
Read More →
Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.
Read More →
A modest sequential increase capped the strongest quarterly performance in years, signaling continued freight momentum in early 2026.
Read More →
More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.
Read More →
The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.
Read More →
Fleet Advantage's Brian Antonellis says it's time for fleets to get back to the fundamentals of good maintenance practices. And that includes replacing older, inefficient equipment.
Read More →
