During the second quarter, C.H. Robinson saw total revenues rise 6.5 percent, year-over-year, to more than $3.5 billion, as net income increased by 6 percent to $118.5 million.
A 15.6-percent increase in truckload revenue to $305.6 million and an 11-percent increase in LTL revenue ($67.4 million) fueled the overall revenue increase. Intermodal revenues shot up by 9.5 percent to $10.9 million, air revenues were up by 7.6 percent ($21.7 million), and ocean revenues increased to $50.5 million, a rise of 2.8 percent, year-over-year.
The company said they experienced a 4-percent increase in truckload volumes, while LTL revenue grow was due to an 8-percent increase in total shipments. Intermodal results were due to “improved purchased transportation costs, a change in business mix, and a volume increase of one percent. Intermodal volumes were adversely impacted by railroad service levels,” according to a company press release.
The air sector saw increased volumes and a better net-revenue margin. On the ocean side, volumes increased, but these gains were offset by a net-revenue margin decline.