Financial research concept

Freight Forwarder Ocean Adjusted Gross Profit

Ocean adjusted gross profit measures the retained economics from ocean forwarding after purchased transportation under the issuer's adjusted gross profit definition.

By Lee BaileyPublished Sep 25, 2026

Research context

See what supports this page, how current it is, and where comparable or historical context is available.

Research date: Sep 25, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 19 connected conceptsPart of the reviewed Freight Brokerage & Forwarding Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

C.H. Robinson example
Why it matters
Investor use
Source
Part of the Freight Brokerage & Forwarding Economics
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Ocean adjusted gross profit measures the economic spread retained from ocean forwarding after purchased transportation costs under the issuer's adjusted gross profit definition.

C.H. Robinson example

C.H. Robinson reported $432.5 million of ocean adjusted gross profit in 2025, down 16.8% from 2024.

Ocean service-line volume declined 4.5%, and the company said adjusted gross profit per shipment also fell as ocean market pricing decreased.

Why it matters

Forwarders buy ocean capacity and sell logistics services to customers.

Profitability therefore depends on:

container demand;
carrier capacity;
spot and contract rates;
trade-lane mix;
disruption-related pricing;
shipment volume; and
the spread retained per shipment.

Investor use

Analyze ocean adjusted gross profit with ocean volume and market-rate conditions rather than relying on gross forwarding revenue alone.

Source

C.H. Robinson 2025 Form 10-K

Part of the Freight Brokerage & Forwarding Economics

Connect customer freight activity, purchased transportation, brokerage spread, surface-transport pricing, capacity signals, and forwarding volume and profit to understand asset-light logistics economics.

Browse the full operating model in Company Analysis →

Where this concept fits

Global forwarding volume and adjusted gross profitCurrent relationship
Ocean, air, and customs volume changes show forwarding activity, while the matching adjusted gross profit measures show whether retained economics move with or diverge from volume as carrier rates, trade conditions, and service mix change.
Air Adjusted Gross Profit Air Volume Growth Customs Adjusted Gross Profit Customs Volume GrowthOcean Adjusted Gross ProfitCurrent conceptOcean Volume Growth
Network activity, purchased capacity, and retained spread
Shipments managed, freight under management, and contract-carrier scale describe the activity and sourcing network. Purchased transportation is the principal direct capacity cost, while adjusted gross profit and adjusted gross profit margin show the spread retained after buying transportation.
Freight Broker Adjusted Gross Profit Adjusted Gross Profit Margin Contract Carrier Network Freight Under Management Purchased Transportation Cost Shipments Managed
North American surface pricing, volume, and capacity
Truckload and LTL volume show transaction activity, service-line adjusted gross profit shows retained economics, and customer-versus-carrier linehaul changes frame the truckload pricing spread. Routing-guide depth adds a capacity signal by showing how far a managed load moves through preferred carrier options before acceptance.
LTL Adjusted Gross Profit Broker LTL Volume Growth Routing Guide Depth Truckload Adjusted Gross Profit Carrier Linehaul Cost per Mile Customer Linehaul Rate per Mile Broker Truckload Volume Growth

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

CHRWOpen operating-model research →19 of 19 reviewed concepts in Freight Brokerage & Forwarding EconomicsGlobal forwarding volume and adjusted gross profit6 of 6 bridge concepts supportedContinue through this bridge:Air Adjusted Gross Profit Air Volume Growth Customs Adjusted Gross Profit Customs Volume Growth Ocean Volume Growth

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