C.H. Robinson Worldwide saw net income rise to $147.2 million in the first quarter, bolstered by cost-cutting measures. However, total revenue dipped slightly to $4.01 billion due to headwinds in ocean and truckload volumes.
- Net income increased to $147.2 million from $135.3 million YoY
- Adjusted EPS rose to $1.35 from $1.17
- Total revenue decreased 0.8% to $4.01 billion
- Revenue decline linked to lower ocean and truckload volumes
- Profitability supported by lower operating expenses
- Pricing gains seen in truckload and LTL services
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