Tight truckload capacity to provide robust tailwinds for C.H. Robinson in 2018.
Wide-moat third-party logistics specialist C.H. Robinson’s second-quarter gross revenue increased a healthy 15% to $4.3 billion, once again ahead of our expected run rate thanks to stronger-than-anticipated sell rates to shippers (truckload and less than truckload), which made up for a slight shortfall in core truckload shipment volume. Unusually tight truckload market capacity is behind the firm's strengthening pricing power. Global air and ocean forwarding revenue also exceeded our forecast. G...Robinson (C.H.) Worldwide is a third party logistics company. The company provides freight transportation services and logistics solutions to companies. The company's segments are: North American Surface Transportation, which provides freight transportation services across North America through a network of offices; and Global Forwarding, which provides global logistics services through an international network of offices and also contracts with independent agents; and All Other and Corporate, which includes Robinson Fresh? that provides sourcing services including the buying, selling, and marketing of fresh fruits, vegetables, and other perishable items, and managed services that provides Managed TMS?.
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