C.H. Robinson reports higher 2Q gross profits, net income, revenue

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C.H. Robinson Worldwide Inc. on Tuesday, July 22, reported financial results for the second quarter ended June 30. For the three-month period, gross profits were $341.2 million, up 9.7 percent from $310.9 million; and net income was $90.4 million, up 9.9 percent from $82.3 million. Total gross revenue rose 23 percent to $2.32 billion from $1.89 billion.

For the six-month period, gross profits were $679.2 million, up 11.7 percent from $607.8 million; and net income was $176.7 million, up 13.8 percent from $155.3 million. Total gross revenue rose to $4.31 billion from $3.5 billion.

“We are pleased that in a tough freight environment, our people continued to do a good job finding opportunities in the marketplace,” said John Wiehoff, chairman and chief executive officer of Minneapolis-based C.H. Robinson. “While the environment is still challenging and our truckload gross profit margins continue to be compressed in the first part of July, we continue to feel very positive about our long-term growth strategy and our business model.”