C.H. Robinson reported that for the quarter ended December 31, 2025, total revenues decreased 6.5% year-over-year to $3.9 billion, driven by the divestiture of its Europe Surface Transportation business and lower pricing in ocean and truckload services. Gross profit declined 4.5% to $642.5 million, while adjusted gross profit fell 4.0% to $657.0 million. Income from operations was $181.4 million, down 1.3%, but adjusted operating income rose 7.1% to $197.4 million. Diluted EPS decreased 8.2% to $1.12, whereas adjusted diluted EPS increased 1.7% to $1.23.

In North American Surface Transportation (NAST), total volume grew approximately 1% and truckload volume increased about 3%, outperforming a 7.6% decline in the Cass Freight Shipment Index. NAST adjusted gross profit margin improved 20 basis points to 14.6%. In Global Forwarding, gross margins expanded by 120 basis points year-over-year, reflecting disciplined revenue management and the implementation of Lean AI–enabled processes that drove high-single-digit productivity gains.

Operating cash generation rose by $37.5 million to $305.4 million, while cash returned to shareholders jumped 150.7% to $207.7 million. Interest expense declined by $5.1 million to $13.7 million, reflecting a lower average debt balance and reduced variable rates. The company deployed its strong free cash flow to fund share repurchases and dividends, reinforcing its commitment to disciplined capital allocation.

CEO Dave Bozeman highlighted that Lean AI—a combination of a streamlined operating model, proprietary technology and experienced logisticians—enabled the company to outperform industry benchmarks for two consecutive years. He noted challenging macro conditions, including weak global freight demand, rising spot costs in trucking and falling ocean rates, but emphasized that disciplined revenue management, cost-to-hire advantages and ongoing productivity improvements position C.H. Robinson for continued market share gains and margin expansion as the transformation proceeds.