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10/23/2012 4:30:00 PM Write a Letter to the Editor Write a letter to the Editor

C.H. Robinson Reports Higher 3Q Profit

C.H. Robinson Worldwide reported higher third-quarter profit, led by improved performance in its logistics operations.

Net income rose to $116.3 million, or 72 cents a share, from $114 million, or 70 cents, a year ago. 

Revenue rose 6.9% to $2.9 billion, the transportation and third-party logistics company said late Tuesday.

Total transportation revenue rose 2.2% to $382 million, with truck revenue increasing 2.1% to $328 million.

Intermodal revenue fell 4.4% to $10 million, and air revenue fell 9% to about $9 million, while ocean revenue rose 3.5% to $18.5 million. Other logistics revenue jumped 16.6% to $17.2 million.

C.H. Robinson is ranked No. 6 on the Transport Topics Logistics 50 listing of North American logistics firms.

By Transport Topics

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