C.H. Robinson Sees Performance Stabilize in Fourth Quarter
Third party logistics company C.H. Robinson saw its numbers stabilize in the fourth quarter, which looked very similar to the year-ago period
Third party logistics company C.H. Robinson saw its numbers stabilize in the fourth quarter, which looked very similar to the year-ago period.
Net income didn't change much, falling 1.3 percent to $87.7 million from $88.9 million in the fourth quarter 2008. Diluted earnings per share remained the same as the year-ago quarter at 52 cents.
The company managed to get its total revenue up 2.7 percent during the quarter to about $2 billion, compared with about $1.955 billion in the fourth quarter of 2008.
"We're proud of our results in 2009," said John P. Wiehoff, chairman and CEO of C.H. Robinson. "Our focus on gaining market share through sales and account management, our variable-cost business model, and our expanded menu of services enabled us to be flexible and continue to find opportunities in the marketplace."
Within the company's truck sector, which consists of truckload and less-than-truckload services, net revenue was down 2.3 percent from the year-ago quarter. Truckload volumes were up about 13 percent, while truckload net revenue margins slipped due to declining transportation rates. The company's LTL net revenues increased due to volume increases, largely offset by price declines and decreased net revenue margin.
"The trends of margin compression and accelerating volume growth in our North American truckload service during the fourth quarter of 2009 have continued into January," Wiehoff said. "On a per business day basis, in January 2010 our total net revenues are roughly flat. Although we're pleased with our continued volume growth, our margin comparisons will continue to be challenging."
More Drivers
Short Takes: Inside K&B’s Truck Safety Tech
Listen to learn how K&B Transportation uses cellphone-blocking technology, speed management systems, weather geofencing, bridge avoidance tools, and more to improve driver safety.
Read More →
Nussbaum Expands Driver Compensation with Pay Raises, Profit Sharing
Nussbaum Transportation said its latest compensation package could push first-year driver earnings above $90,000 in key hiring markets.
Read More →Listen: Inside Modern Fleet Safety: AI, Cameras & Speed Control at K&B Transportation
Fleet safety is evolving fast—and technology is at the center of it. Learn how a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.
Read More →
Maverick Announces 2026 Driver Pay Raises
New raises for Maverick Transportation drivers will take effect on May 31, 2026.
Read More →
Illinois Trucker Indicted for Nearly $22,000 in Ohio Turnpike Toll Evasion
Authorities say an Illinois trucker avoided paying tolls for two years, and now faces felony charges, possible prison time, and forfeiture of his Freightliner tractor.
Read More →
New Trojan Driver Cargo Theft Scam Bypasses Carrier Vetting Systems
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 →
WIM, Trucker Path Name Top 3 Women-Friendly Truck Stops
ATA’s Women In Motion Council and Trucker Path highlight three truck stops that meet all seven safety-focused criteria and rank highest among female drivers.
Read More →
FMCSA Extends Paper Medical Card Exemption … Again
Five states still aren't ready to accept commercial driver medical exam information directly from the medical examiner's registry.
Read More →
Mack Launches Digital Driver Guide for Chassis-Specific Truck Info
Mack’s new, virtual owner’s manual delivers VIN-based, on-demand guidance for vehicle systems via web, app, and soon in-cab displays.
Read More →
Western Star Showcases Truckers' Pride and Skill
Western Star is expanding its Star Nation Experience in 2026, adding new competitions and dealer participation to highlight operator skills and promote careers in trucking.
Read More →
