C.H. Robinson reports Q3 adjusted EPS 84c, consensus 82c

Reports Q3 revenue $4.34B, consensus $4.36B. The company said, “As has been well documented by many industry participants and observers, global freight demand continued to be weak in the third quarter. We are staying focused on what we can control, by providing superior service to our customers and carriers, executing on our plans to streamline our processes by removing waste and manual touches, and delivering tools that enable our customer- and carrier-facing employees to allocate their time to relationship building and exception management. Our focus on delivering quality and improvements to our customers, such as enhanced visibility and increased automation, has been reflected in very positive feedback from customers and validated by net promoter scores this year that are the highest on record for the company, which we believe sets us up well with customers for the eventual positive inflection in the freight market.”