Strong air freight demand and higher haulage prices have seen another forwarder post strong first-quarter results, following DSV’s announcement yesterday.
But rising costs, especially in global forwarding, saw CH Robinson’s 15% growth in revenue, to $3.9bn, bring just a 2% year-on-year rise in income from operations to $191.5m.
Net income, however, grew 16% to $142m, while a “really strong performance” saw operating cash flow increase 116.4% to $200.6m.
CH Robinson is adding focus to …
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Source: The Loadstar