Whether tendered by brokers or 3PLs, there are millions upon millions worth of freight to be hauled by motor carriers up to the task.
One of the nation’s largest third-party logistics providers, C.H. Robinson grew its first quarter profit and revenue by double digits – and less-than-truckload carrier Saia reported growth by larger margins.
Truckload carrier Knight-Swift Transportation Tuesday reported the biggest gain in earnings seen so far this earnings season, while third-party logistics provider C.H Robinson Worldwide reported a more modest increase in profits.
Trucking and logistics provider XPO Logistics Inc. on Wednesday reported income and revenue hit a record-high of any quarter during the third quarter of 2017. C.H. Robinson and Hub Group, however, did not fare as well.
Third-party logistics provider C.H. Robinson has entered into an agreement with telematics company Transflo to supply telematics for its carrier network.
C.H. Robinson and One20 have announced an electronic logging device solution designed to help small contract carriers comply with the electronic logging mandate.
Multi-modal freight transportation services and third-party logistics provider C.H. Robinson Worldwide Inc. reported its second quarter net income fell 22.4% from a year ago despite a 12.4% hike in total revenue.
Fleet earnings reported this week so far are varying widely, ranging from record numbers at one carrer to another barely eking out a profit, and one carrier delayed in reporting due to an investigation into its accounting practices.
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.
C.H. Robinson has released the Navisphere Carrier app, designed to support contract motor carriers and their business.