Third-party logistics provider C.H. Robinson Worldwide on Tuesday, Jan. 31, announced fourth-quarter 2011 revenues of $2.57 billion, a 10 percent increase from the year-ago period; and profit of $109 million, a 6 percent increase. For the full year, the Minneapolis-based company reported revenues of $10.34 billion, a 15 percent increase from 2010; and net income of $432 million, a 12 percent increase.
C.H. Robinson said margins at its trucking business decreased in the fourth quarter, hurt by higher fuel costs and its inability to pass on higher rates. The trucking business accounts for nearly 80 percent of the company’s total revenue.
The company, which shipped about 10 million units in 2011, said North American truckload volume growth per day was about 7 percent through Jan. 30, while total net revenue growth per day was about 6 percent.