C.H. Robinson(CHRW) - 2024 Q1 - Quarterly Results

First quarter Robinson Fresh adjusted gross profits increased 8.3% to $33.7 million due to a 1.5% increase in case volume and integrated supply chain solutions for retail customers. Managed Services adjusted gross profits decreased 0.1%. Other Surface Transportation adjusted gross profits decreased 14.6% to $17.9 million, primarily due to a 16.9% decrease in Europe truckload adjusted gross profits. The first quarter effective tax rate was 15.8%, up from 13.5% last year. The higher rate in the first quarter ...