C.H. Robinson’s Third-Quarter Income Rises

Transportation and third-party logistics firm C.H. Robinson Worldwide said its third-quarter profit rose to $114 million, or 70 cents a share, from $103 million, or 62 cents, a year earlier.

Revenue grew 10.6% to $423 million, the company said late Tuesday. Transportation revenue rose 11.3% to $374 million.

Truck revenue, including truckload and less-than-truckload services, rose 13.1% to $321 million.

Truckload volumes increased 4%, while truckload margins decreased slightly from the previous year’s quarter. LTL revenues grew 28%, driven by a 15% increase in shipments.

Intermodal net revenue grew 14.7% to $10.5 million due to increased volumes and price increases.

C.H. Robinson is ranked No. 8 on the Transport Topics Logistics 50 listing of North American logistics firms.