C.H. Robinson says 3Q revenues up 23.8%

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Third-party logistics provider C.H. Robinson on Tuesday, Oct. 26, announced revenues for the third quarter of 2010 rose 23.8 percent to $2.42 billion. Net income was $102.6 million, up 7.5 percent from $95.5 million.

The company said its truck net revenues, which consist of truckload and less-than-truckload services, increased 6 percent, while truckload volumes increased about 14 percent.

C.H. Robinson said truckload net revenue margins decreased due to higher transportation costs and higher fuel prices, partially offset by increased pricing to customers.