C.H. Robinson Worldwide reported net income of $11.9 million in the second quarter of 2013, a decline of 2.4 percent from $114.6 million in the second quarter of 2012.
However, total quarterly revenue was $3.29 billion, increasing 11.3 percent from $2.96 billion in the same quarter last year. Net revenue from the truckload division totaled $264.3 million, up 3.2 percent year-over-year, and net revenue from less-than-truckload business was $60.7 million, year-over-year growth of 7.6 percent. Both gains resulted from increased quarterly volume, according to the non-asset-based third-party logistics provider.
Net revenue from the ocean, customs and air segments jumped 189.7 percent, 148.3 percent and 91.0 percent year-over-year, respectively. The improvements were fueled by the company’s acquisition of Phoenix in November 2012, C.H. Robinson Worldwide said. Additionally, intermodal net revenue totaled $9.9 million, off 1.0 percent, driven by a decrease in volume.
In the first six months of 2013, the company’s profit was $215.2 million, down 2.7 percent from $221.1 million in the first half of 2012. From January to June, total revenue increased 14.1 percent from $5.51 billion in 2012 to $6.28 billion in 2013.