Despite the continuing poor economic conditions in the second quarter, C.H. Robinson managed to turn a profit overall as well as in its truck segment.
The third party logistics company brought in $92.3 million in net income, versus $90.4 million for the same quarter in 2008. Truck net revenues, both truckload and LTL, grew 5.6 percent to $266 million in the second quarter, despite truckload volumes decreasing about five percent.
Meanwhile, C.H. Robinson's total revenue dropped 17 percent, versus the second quarter of 2008. The company's transportation revenue fell 22.8 percent from the 2008 quarter due to falling transportation rates, volume declines, and overall weak demand in the transportation market, the company says. Total transportation net revenue increased 2.9 percent to about $306 million, up from $297.5 million for the second quarter of 2008.
"A significant decline in overall transportation market demand due to the economic recession negatively impacted our volumes," the company said in a press release.
Despite Economy, C.H. Robinson Profits
Despite the continuing poor economic conditions in the second quarter, C.H. Robinson managed to turn a profit overall as well as in its truck segment
More Drivers
Federal Proposal Would Allow Pell Grants for Shorter-Term Job Training
The Department of Labor plans to expand Pell Grant eligibility to some shorter workforce training programs, a move the American Trucking Associations said will help strengthen commercial driver training schools and diesel technician training programs.
Read More →
Owner-Operator Model Gets Boost as DOL Proposes 2024 Independent Contractor Definition Reversal
For an industry that has watched this issue go back and forth for years, the independent contractor proposal marks the latest swing in the regulatory pendulum.
Read More →
FMCSA Reinstates Field Warrior ELD to Registered Device List
One electronic logging device has been reinstated to the FMCSA's list of registered ELDs.
Read More →
How One Company is Using Smart Suspension Technology to Reduce Driver Injuries and Improve Retention
America’s Service Line adopted Link’s SmartValve and ROI Cabmate systems to address whole-body vibration, repetitive strain, and driver turnover. The trucking fleet is already seeing measurable results.
Read More →
CarriersEdge Announces 2026 Best Fleets to Drive For
The 18th annual contest recognizing the best workplaces for truck drivers sees changes to Top 20, Hall of Fame
Read More →
FMCSA Targets 550+ ‘Sham’ CDL Schools in Nationwide Sting Operation
The Federal Motor Carrier Safety Administration issued more than 550 notices of proposed removal to commercial driver training providers following a five-day nationwide enforcement sweep. Investigators cited unqualified instructors, improper training vehicles, and failure to meet federal and state requirements.
Read More →
DOT Alleges Illinois Issued Illegal Non-Domiciled CDLs
Illinois is the latest state targeted and threatened with the loss of highway funding by the U.S. Department of Transportation in its review of states' non-domiciled CDL issuance procedures. The state is pushing back.
Read More →FMCSA Locks in Non-Domiciled CDL Restrictions
After a legal pause last fall, FMCSA has finalized its rule limiting non-domiciled commercial driver's licenses. The agency says the change closes a safety gap, and its revised economic analysis suggests workforce effects will be more gradual than first thought.
Read More →
Trucker Path Names Top Truck Stops for 2026
Truck driver ratings reveal the best chain and independent truck stops in the country.
Read More →
6 Dashcam Tactics to Improve Safety & ROI
6 intelligent dashcam tactics to improve safety and boost ROI
Read More →