C.H. Robinson Worldwide reported third-quarter net income of $198.5 million, or diluted earnings per share of $1.67, a 24.6% increase from the prior year period. Total revenues rose 29.5% to $5.4 billion, driven by higher pricing and volume in truckload and global forwarding services. The company also filed an amendment to its credit agreement to permit the previously announced acquisition of RXO, Inc., reclassifying it as a permitted material acquisition under existing debt covenants. C.H. Robinson operates in the global logistics industry, providing freight transportation and supply chain management solutions.
