(RTTNews) – C.H. Robinson Worldwide (CHRW) on Wednesday reported an increase in profit for the first quarter, driven by lower expenses.
Net income rose to $147.2 million or $1.22 per share, compared to $135.3 million or $1.11 per share last year. Adjusted earnings per share were $1.35, compared to $1.17 last year.
Total revenue edged down 0.8% to $4.01 billion, primarily driven by lower volume in ocean and truckload services and lower pricing in ocean services. This was partially offset by higher pricing in truckload and less than truckload services.
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