C.H. Robinson Profit Surges on Efficiency Gains
C.H. Robinson Worldwide’s profit jumped for the third consecutive quarter as efficiency improvements offset slumping revenue in a tepid U.S. freight market. The freight broker on Wednesday posted a profit of $149.3 million, or $1.22 a share, in the quarter ended Dec. 31. The fourth-quarter earnings follow two consecutive quarters of rising profits for the Eden Prairie, Minn.-based operator, the largest broker matching freight loads to transportation capacity.