The US logistics corporation C.H. Robinson Worldwide was pleased with the growth it reported for its sales figures in the first quarter of this year. The company said that its revenue increase was driven by growth in the volumes transported by all of its units. The US corporation’s net income also reported healthy growth of 2.6%.
At the end of April the US logistician C.H. Robinson Worldwide Inc reported its financial results for the quarter ended 31 March. The company’s revenues increased by 11.1% in the first quarter of 2017 – from USD 3.07 billion in the first quarter of 2016 to USD 3.41 billion this year. The corporation said that the “increase in total revenues was driven by volume growth across all of our transportation services.”
Its total net revenues, in turn, increased by 0.9% in the first three months of the year, compared to the previous first quarter. They rose from USD 563 to 568 million. C.H. Robinson acquired the Australian enterprise APC Logistics at the close of business on 30 September 2016. APC represented approximately 2% of the company’s total net revenues in the first quarter of 2017.
The corporation’s net income also rose in the period under review, from USD 118 million in 2016 to approximately USD 122 million in the same period this year. The firm said that personnel expenses increased in the first quarter of 2017 compared to the first quarter of 2016, as did selling, general and administrative costs.