C.H. Robinson Has Big Growth in Revenue, Profit
C.H. Robinson had a net profit of $296.4 million in the quarter ended Dec. 31, up from $109.2 million in the year ago quarter, it said Feb. 5. Revenue grew to $2.97 billion for the quarter, from $2.57 billion a…
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year ago, it said. Ocean transportation net revenue increased 98 percent in the fourth quarter of 2012, mainly due to the impact of two months of Phoenix International Freight Services operations, following the acquisition. Excluding that, ocean transportation net revenue increased about 3 percent, it said. Air transportation net revenue increased 81 percent in the quarter, also mainly due to Phoenix. Excluding that, air transportation net revenue increased 19 percent, it said.