C.H. Robinson Worldwide
C.H. Robinson Worldwide acquired freight forwarder Phoenix International for $571.5 million in cash and about $63.5 million in new C.H. Robinson stock.
When trucking companies are stung by rising costs, third-party logistics providers share their pain, very quickly.
C.H. Robinson Worldwide moved more freight in the first quarter, but higher trucking costs bit into the non-asset logistics company’s truckload net margin.
Strong truckload demand pushed revenue up 10.4 percent in the fourth quarter to $2.6 billion at C.H. Robinson Worldwide, the largest U.S. freight broker.
As the transportation industry entered 2011, the conversation about U.S.