C.H. Robinson Worldwide Inc.’s CHRW first-quarter 2016 earnings per share of 83 cents beat the Zacks Consensus Estimate of 81 cents. Moreover, earnings improved 13.7% year over year. On the other hand, total revenue decreased 6.9% year over year to $3,073.9 million and also fell short of the Zacks Consensus Estimate of $3,201 million. Total operating expenses climbed 6.2% year over year to $364.4 million, resulting in an operating ratio (operating expenses as a percentage of net revenue) of 64.7%, as against 65.4% a year ago.Segment DetailsTransportation: The segment (comprising Truckload, Intermodal, Less-than-Truckload, Ocean, Air, Customs and Other logistics services) reported net revenue of $563.3 million in the first quarter of 2016, up 7.3% from the year-ago quarter.Truckload net revenue grew 7.8% year over year to $321.7 million. Meanwhile, net revenue at Less-than-Truckload increased 6.9% year over year to 91.3 million.Net revenue at the Intermodal segment declined 11.9% year over year to $9.3 million, hurt by the conversion to Truckload from Intermodal.Net revenue at the Ocean transportation segment increased 16.9% year over year to $58.7 million. However, the same at the Air transportation division fell 10.8% year over year to $18.4 million. Lower rates charged from customers were the main reason behind the decline. Meanwhile, Customs net revenue improved 4.5% to $10.7 million.Net revenue at Other logistics services jumped 21.4% year over year to $24 million on the back of growth in managed services.Sourcing: Net revenue at the segment fell 2.3% year over year to $29.3 million.LiquidityC.H. Robinson exited the first quarter of 2016 with cash and cash equivalents of approximately $179.4 million compared with $168.3 million at the end of 2015. Long-term debt was $500 million at the end of the quarter under review, unchanged from the figure recorded at the end of 2015.Zacks Rank & Stocks to ConsiderC.H. Robinson has a Zacks Rank #3 (Hold). Better-ranked stocks in this sector include, Student Transportation Inc. STB, SkyWest Inc. SKYW and Ryanair Holdings plc RYAAY. Student Transportation sports a Zacks Rank #1 (Strong Buy) while the other two companies carry a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RYANAIR HLDGS (RYAAY): Free Stock Analysis Report SKYWEST INC (SKYW): Free Stock Analysis Report CH ROBINSON WWD (CHRW): Free Stock Analysis Report STUDENT TRANSPT (STB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research