• ITVI.USA
    15,433.470
    55.400
    0.4%
  • OTLT.USA
    2.727
    -0.016
    -0.6%
  • OTRI.USA
    20.850
    0.030
    0.1%
  • OTVI.USA
    15,408.360
    58.320
    0.4%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,433.470
    55.400
    0.4%
  • OTLT.USA
    2.727
    -0.016
    -0.6%
  • OTRI.USA
    20.850
    0.030
    0.1%
  • OTVI.USA
    15,408.360
    58.320
    0.4%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
American ShipperIntermodal

C.H. Robinson earnings down slightly

C.H. Robinson earnings down slightly

   C.H. Robinson said it had fourth quarter net profit of $87.7 million, 1.3 percent less than in the same 2008 period.

   The Minneapolis-based third party logistics company said revenue improved 2.7 percent to $2 billion in the quarter. Net revenue slipped 1.5 percent to $339 million.

   By segment, the company said net revenues were as follows:

   ' Truck, down 2.3 percent to $250 million.

   ' Intermodal, down 26.7 percent to $8.6 million.

   ' Ocean, down 27 percent to $13.6 million.

   ' Air, up 1.2 percent to $9.3 million.

   ' Miscellaneous transportation revenue, which primarily involves transportation management fees and customs brokerage fees, was up 17.7 percent to $12.3 million.

' Sourcing revenue up 27 percent to $33.1 million.

   ' Information services revenue up 0.8 percent to $12.1 million.

   “We’re proud of our results in 2009,' said John P. Wiehoff, chairman and chief executive officer. 'Our focus on gaining market share through sales and account management, our variable-cost business model, and our expanded menu of services enabled us to be flexible and continue to find opportunities in the marketplace.”

   He said for its trucking business in January, “total net revenues are roughly flat. Although we’re pleased with our continued volume growth, our margin comparisons will continue to be challenging.”

We are glad you’re enjoying the content

Sign up for a free FreightWaves account today for unlimited access to all of our latest content

By signing in for the first time, I give consent for FreightWaves to send me event updates and news. I can unsubscribe from these emails at any time. For more information please see our Privacy Policy.