Supply Chain Research

The freight forwarders’ calendar 4Q results may turn out better than the initial results from JB Hunt suggested. Both CH Robinson and Nippon Express have reported higher-than-expected revenues, beating forecasts by 6% and 5% respectively. CH Robinson’s growth of 12% on a net basis was the fastest rate of growth since at least 2013, and included strong U.S. land revenues. Nippon Express’s 9% growth included better domestic airfreight volumes. Both delivered profitability that was inline with expectations (though profits were better in absolute terms). At an EBITDA margin of 5.9% for CH Ro...