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

North American Surface Transportation (NAST) volumes increased approximately 1% overall and 3% in truckload, outpacing a 7.6% drop in the Cass Freight Shipment Index and underscoring market share gains. NAST adjusted gross profit margin expanded by 20 basis points to 14.6%. In Global Forwarding, management extended gross margin by 120 basis points through disciplined revenue management and process centralization under its Lean AI strategy.

Operating expenses fell 5.0% to $475.7 million, driven by a 4.9% reduction in personnel costs to $337.0 million and a 5.3% decrease in other SG&A to $138.7 million. These declines reflect workforce optimization—average headcount was down 12.9%—facility footprint reductions, and ongoing Lean AI–enabled productivity gains. For the full year, NAST achieved a double-digit productivity increase, while Global Forwarding delivered a high-single-digit productivity uplift.

Cash generated by operations rose by $37.5 million to $305.4 million, bolstered by improved working capital discipline. The company returned $207.7 million to shareholders in the quarter, a 150.7% increase year-over-year, reflecting a commitment to consistent capital deployment. Net interest expense declined by $5.1 million to $13.7 million due to lower average debt balances and interest rates, supporting stronger free cash flow conversion.