Freight forwarder CH Robinson reported an 18.9% slump in revenues in Q4 due to “lower pricing across most transportation service lines”. That also led to a drop in the firm’s EBITDA margin to 4.3% from 6.8% a year earlier, echoing a similar pattern seen at FedEx and reinforcing the need for continued efficiency gains in the logistics industry. At the start of 2020 CH Robinson faces challenges for its global forwarding business from its China exposure. China represented 58.5% of CH Robinson’s U.S. seaborne import handling in 2019 compared to 48.6% for the top 20...