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Robinson's third-quarter results pressured by hard-nosed shippers

Oct 27, 2016 at 06:38 AM CST

In the latest example of the power that truck shippers have wielded all year over the direction of freight rates, C.H. Robinson Worldwide Inc., a major third-party logistics (3PL) provider and the nation's largest freight broker, said late yesterday that its third-quarter profits were pressured by shippers extracting deeper rate concessions than the company was able to pull from its carriers.