C.H. Robinson Makes the Most Out of a Weak Freight Environment
C.H. Robinson Worldwide (NASDAQ: CHRW) managed to generate positive net revenue under unfavorable conditions for third-party logistics (3PL) companies during the second quarter of 2019. Tight capacity in the trucking market this time last year has essentially reversed, and at present, excess capacity is pressuring the volumes of 3PLs with significant trucking freight revenue streams like C.H. Robinson.
As we delve into the quarter below, note that all comparative numbers are presented against those of the prior-year quarter.
Data source: C.H. Robinson Worldwide.
Quelle Fool.com
