Transportation broker C.H. Robinson defied the economy and boosted profit in the second quarter as truckload volume declined less than in the previous three months.
C.H. Robinson Worldwide
C.H. Robinson Worldwide acquired international freight forwarder Walker Logistics Overseas.
C.H. Robinson’s net income decreased 1.1 percent to $85.4 million in the first quarter as its non-asset based business model helped offset weak demand and highly competitive truck rates.
Third party logistics provider C.H.
Third-party logistics providers thrived as the economy stalled last year, but will have a tough time making money in the coming year as the recession settles in and trade retreats.