C.H. Robinson said it had a profit of $114.6 million in the second quarter, 3.2 percent more than in the same 2011 period.
Total revenues were $2.96 billion in the second quarter, 9.2 percent higher than the second quarter of 2011. Net revenues were $425.5 million, up 1.8 percent.
Net revenues by business type in the second quarter compared to the same 2011 period were as follows:
- Truck, $312.6 million, down 0.5 percent
- Intermodal, $10 million, down 7.8 percent
- Ocean, $17 million, up 3.4 percent
- Air, $10.6 percent, down 7.5 percent
- Other logistic services such as transportation management, customs, warehousing, and small parcels, $18.8 million, up 26.7 percent
- Sourcing, $40.2 million, up 15.1 percent
- Payment services, $16.3 million, up 8.1 percent
A report on the company released yesterday by Armstrong and Associates says “C.H. Robinson continues to be one of the most profitable tier-one global third-party logistics providers.”
“While approximately 8 percent of C.H. Robinson’s revenue is generated outside of the United States, it has been experiencing solid growth in its European and Asian operations,” said the report by Evan Armstrong. It says over the past 10 years the firm “has significantly extended its Asian network and global supply chain management capabilities.”