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As more trucking companies report third quarter earnings, most are showing profits are down from the same time a year ago – but there are a few exceptions.
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C.H. Robinson has released the Navisphere Carrier app, designed to support contract motor carriers and their business.
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The second quarter earnings season continued on Tuesday with companies ranging from a fleet and 3PL to a trailer maker and mega-dealer, with all but one reporting higher earnings than the same time last year.
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Three more companies offering trucking and related services issued first quarter earnings reports on Tuesday, with each reporting very different results.
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Earnings season continues this week and with it are the first numbers from major trucking suppliers, such as Meritor, Eaton and Wabash National, in addition to those from trucking operations ArcBest and C.H. Robinson.
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C.H. Robinson, one of the world’s largest logistics providers, has signed a seven-year lease for a 235,000-square-foot commercial office building and warehouse in the Chicago area.
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Following an expansion of the Panama Canal in 2016, up to 10% of container traffic to the U.S. from East Asia could shift from West Coast ports to East Coast ports by 2020, according to research by the Boston Consulting Group and C.H. Robinson.
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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.
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The third-party logistics provider C.H. Robinson Worldwide Inc. has reached an agreement to acquire Freightquote.com Inc. for $365 million in cash.
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It totaled nearly $118.6 million compared to almost $111.9 while net revenue increased 10.2% to $521 million for the Minnesota-based company.
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