Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Logistics giant C.H. Robinson leases Carson warehouse

May 4, 2010 |  3:28 pm

C.H. Robinson Worldwide Inc., one of the world’s largest transportation companies, has leased almost 120,000 square feet of industrial space in Carson, landlord Watson Land Co. said Tuesday. The five-year agreement is valued at $5 million.

Minnesota-based C.H. Robinson is a third-party logistics provider, which means it organizes and provides domestic and international freight transportation for its 35,000 customers. It handles the shipment of goods by air, ship, rail and truck.CH Robinson (4030 x 2164)

The company is moving part of its Southern California operations from Compton to 18620 Harmon Ave. in Watson Land’s Dominguez Technology Center.

C.H. Robinson reported revenues of more than $2 billion in the first quarter, a 23% increase from the year before. Profits were down less than 2% to $84 million.

-- Roger Vincent

Photo: C.H. Robinson Worldwide Inc. has rented this warehouse building in Carson.
Credit:  Watson Land Co.