MINNEAPOLIS, MN – C.H. Robinson posted its Q3 earnings report on Tuesday October 28th, reporting $3.46 billion in total revenues and impressive growth numbers throughout the organization. According to a press release, this year's total revenues represent a 4.5% increase over last year's Q3 earnings numbers which were reported at $3.31 billion. Similarly, net income rose 16.0% to 124.8 million from $107.7 million in Q3 2013.
Some other important highlights from the report include:
- A 15.8% increase in truckload net revenues to $307.3 million from $265.5 million in Q3 2013.
- A 1% increase in North American truckload volumes.
- A 10.6% increase in less-than-truckload (LTL) net revenues to $67.9 million from $61.4 million in Q3 2013. A 7% increase in total shipments and increased customer pricing is largely responsible for these gains, although some of this increase was offset by higher costs.
- A 3.8% increase in intermodal net revenues to $10.5 million.
- A 15.5% increase in ocean transportation net revenue to $57.3 million.
- A 13.1% increase in air transportation net revenues to $20.5 million.
- A 24.4% increase in customs net revenues to $11.1 million.
- A 18.5% increase in revenues associated with C.H. Robinson's other logistics services to $19 million.
One of the most impressive accomplishments of C.H. Robinson's Q3 report however was its earnings per share performance, which rose 23.2% to $0.85/share from $0.69/share in Q3 2013. According to CNBC, analysts had only expected earnings per share of $0.80/share from C.H. Robinson.
Congratulations on an excellent Q3, C.H. Robinson!
