Almost USD 4 billion in Q1
"In a rapidly changing freight environment, we were able to deliver double-digit net revenue growth, expand our digital capabilities, make significant investments in our global forwarding business and deliver increased operating income,” said John Wiehoff, chairman and CEO of C.H. Robinson.
The US-based company increased its Q1/2018 revenues by 14.9% to USD 3.9 billion. Net income totalled USD 142.3 million, up 16.6% from a year ago.
Wiehoff added: “We expect demand to remain high as the benefits of the US tax reform strengthen a growing economy. However, given the driver shortage and electronic logging device mandate, we also expect industry capacity to remain tight.
We therefore believe the current freight market fundamentals will continue throughout 2018. We are certain that our large carrier network and ability to source capacity for our customers is as important as ever in this volatile market." (mw)