C H Robinson Worldwide Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total net revenues of $561,516,000 against $570,777,000 a year ago. Income from operations was $193,565,000 against $214,579,000 a year ago. Income before provision for income taxes was $190,447,000 against $201,108,000 a year ago. Net income was $122,303,000 or $0.86 per basic and diluted share against $126,583,000 or $0.88 per basic and diluted share a year ago. The net revenue decline was primarily the result of lower truckload margins. The company generated nearly $153 million. CapEx was $20 million.

For the year, the company reported total net revenues of $2,277,528,000 against $2,268,480,000 a year ago. Income from operations was $837,531,000 against $858,310,000 a year ago. Income before provision for income taxes was $811,950,000 against $822,781,000 a year ago. Net income was $513,384,000 or $3.59 per diluted share against $509,699,000 or $3.51 per diluted share a year ago. Net cash provided by operating activities was $529,408,000 against $718,336,000 a year ago. Purchases of property and equipment were $73,452,000 against $28,115,000 a year ago. Purchases and development of software was $17,985,000 against $16,527,000 a year ago. Cash flow from operations was $529 million. Capital expenditures were approximately $91 million

For 2017, the company expects capital expenditures to return to a range of $60 million to $70 million. The company expects its tax rate to be between 36.5% and low 37%.