Jan 29 (Reuters) - Global freight forwarder CH
Robinson's ( CHRW ) fourth-quarter profit beat analysts'
estimates on Wednesday, aided by cost cuts and strong demand in
ocean and air shipment.
The company's ocean services business focuses on managing
freight costs and optimizing shipping routes, while ensuring
compliance with international regulations for carriers and
helping them navigate complexities of international shipping.
The Minnesota-based company posted adjusted income of $1.21
per share for the quarter ended Dec. 31, compared with analysts'
average estimate of $1.11 per share, according to data compiled
by LSEG.
Total revenue fell nearly 1% to $4.18 billion. Its operating
expenses declined 2%.