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CH Robinson says AI already paying dividends as rivals focus on resilience
['Alex Lennane']
The Loadstar
Adjusted gross profit rose 6.5%, to $738m, and adjusted operating income climbed 20%.
Global Forwarding revenue rose 12.4%, to $896.6m, owing to higher pricing, while adjusted gross profit increased just 0.7%, to $188.8m.
Air gross profit went up 23.4%, with a 33.5% increase in profit per tonne – although it shipped 7.5% fewer tonnes.
While K+N is beginning to quantify the productivity gains it expects AI to deliver, CH Robinson’s gains are already showing in its results.
Some forwarders continue to focus on networks and resilience; others increasingly want to be seen as technology-first companies that move freight.