Strong 2018 financial results for C.H. Robinson

posted on 30th January 2019 by Justin Burns
Strong 2018 financial results for C.H. Robinson

US freight forwarder C.H. Robinson has reported that full-year revenues surged 11.8 per cent in 2018 to $16.6 billion and net revenues 14.2 per cent to $2.7 billion.

Income from operations increased 17.7 per cent to $912.1 million in the fiscal year ending 31 December 2018.

In the fourth quarter last year, total revenues increased 4.5 per cent to $4.1 billion, net revenues increased 13 per cent to $713.8 million and income from operations increased 21.2 per cent to $255.5 million.

Fourth quarter net revenues for the Global Forwarding segment increased 11.6 per cent in the quarter to $142.7 million. Net revenues in air increased 9.3 per cent, as the air service line benefited from a decreasing cost environment.

C.H. Robinson chairman and chief executive officer, John Wiehoff said: “We are pleased with our financial results in 2018. We achieved record levels of net revenues and operating income and a 100 basis point increase in operating income margin.

“Led by our strong operating performance, we more than doubled our cash flow from operations and returned nearly $600 million to shareholders in 2018,”

“Our strong 2018 financial results reflect the strength and hard work of our global network.”