C.H. Robinson's numbers are flat

April 25, 2002
C.H. Robinson Worldwide Inc. today reported nearly flat first-quarter gross profits. The transportation and logistics firm said it had gross profits of $113.6 million vs. $113.3 million the previous year. The company said income from operations increased 15.2% to $33.8 million from $29.4 million the year before. Net income increased 14.9% to $20.8 million from $18.1 million last year. The company's
C.H. Robinson Worldwide Inc. today reported nearly flat first-quarter gross profits. The transportation and logistics firm said it had gross profits of $113.6 million vs. $113.3 million the previous year.

The company said income from operations increased 15.2% to $33.8 million from $29.4 million the year before. Net income increased 14.9% to $20.8 million from $18.1 million last year.

The company's transportation numbers, however, decreased 0.2%. The decline in truck gross profits of 1.4% was due to a decline in truckload volumes, according to the company.

"As we expected, the environment continued to be challenging for revenue growth," C.H. Robinson president John Wiehoff said. "We continue to concentrate on sales and profitable growth, while aggressively managing our expenses. We believe that this focus, combined with our strong core competencies and long-term growth strategy, position us very well for the future." .

About the Author

Tim Parry

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...