C.H. Robinson(US:CHRW)2023-04-26 20:53Financial Performance - Total Revenues decreased by 33.7% to $4327.97 million in Q1 2023 compared to $6528.35 million in Q1 2022[40] - Total Adjusted Gross Profits decreased by 25.2% to $656.93 million in Q1 2023[61] - Adjusted Gross Profit Margin increased by 170 bps to 15.2% in Q1 2023[41] - Global Forwarding Adjusted Gross Profits decreased by 44.7% to $177.92 million in Q1 2023[25, 78] - North American Surface Transportation (NAST) Adjusted Gross Profit decreased by 15.7% year-over-year[4] Segment Results - Truckload volume was down 3.5% year-over-year[7, 18] - Less than Truckload (LTL) Adjusted Gross Profit decreased by 9.1%[6] - Ocean Adjusted Gross Profit decreased by 50.3%[25] - Air Adjusted Gross Profit decreased by 49.0%[25] - Customs Adjusted Gross Profit decreased by 15.1%[25] - Robinson Fresh Adjusted Gross Profit increased by 2.1%[29]