C H Robinson Worldwide Inc - CHRW STOCK NEWS

C.H. Robinson (NASDAQ: CHRW) has announced its upcoming participation in the Stifel 2025 Transportation & Logistics Conference. The company will engage in a fireside chat scheduled for Tuesday, February 11, 2025, at 4:40 p.m. Eastern Time.

Investors and interested parties can access a live webcast of the discussion through investor.chrobinson.com. The company will maintain a recording of the webcast on their platform for twelve months following the live event, ensuring extended accessibility for stakeholders.

C.H. Robinson (CHRW) reported strong Q4 2024 financial results with significant year-over-year profitability improvements. Gross profits increased 10.4% to $672.9 million, while income from operations surged 71.1% to $183.8 million. The company achieved a diluted EPS of $1.22, marking a 369.2% increase.

For the full year 2024, gross profits rose 5.8% to $2.7 billion, with operating income up 30% to $669.1 million. The company demonstrated improved operational efficiency with adjusted operating margin increasing 440 basis points to 24.2%. Cash generated from operations in Q4 increased by $220.6 million to $267.9 million.

The North American Surface Transportation (NAST) segment saw a 6.2% increase in adjusted gross profits despite a 6.6% revenue decline. Global Forwarding performed strongly with a 24.7% revenue increase and a 129.6% jump in operating income. The company maintained disciplined execution and focused on productivity improvements, resulting in a 9.5% reduction in average employee headcount.

C.H. Robinson (Nasdaq: CHRW) has announced its upcoming fourth quarter 2024 earnings release, scheduled for Wednesday, January 29, 2025, after market close. The company will host a conference call from 5:00 PM to 6:00 PM Eastern Time on the same day to discuss quarterly results and engage with the investment community.

Investors can access presentation slides and a live audio webcast through the company's investor relations website at http://investor.chrobinson.com. Those wishing to participate via telephone should dial 877-269-7756 ten minutes before the start time. An audio replay will be made available on the company's investor website.

C.H. Robinson (Nasdaq: CHRW) has announced its 2024 Investor Day to be held in New York City on Thursday, December 12, 2024, from 9:00 a.m. to 12:00 p.m. (ET). The event will feature presentations from President and CEO Dave Bozeman, CFO Damon Lee, and other senior leadership team members.

The agenda includes detailed discussions on the company's strategy, operating model, growth drivers, and financial objectives, followed by a Q&A session. The event will be accessible via live audio webcast through C.H. Robinson's Investor Relations website, with presentation materials available online. A replay will be available within 24 hours and archived for 12 months.

C.H. Robinson has launched C.H. Robinson Managed Solutions, a new generation of logistics management that integrates TMS, 3PL, and 4PL services through one AI-enhanced global platform. The solution addresses increasing supply chain complexity by providing seamless access to the company's comprehensive services, which manages 35 million shipments and $22 billion in freight annually. The platform offers end-to-end visibility, tailored solutions, and potential savings of up to 25% on addressable supply chain costs. With Control Tower locations globally and a 450,000+ carrier network, the service aims to provide enhanced agility and control for shippers facing geopolitical, economic, and physical disruptions.

C.H. Robinson (Nasdaq: CHRW) has announced a quarterly cash dividend of $0.62 per share. The dividend will be paid on January 2, 2025, to shareholders of record as of December 6, 2024. The company highlighted its track record of increasing dividends annually for over 25 years. As of November 6, 2024, C.H. Robinson had approximately 118,311,730 shares outstanding.

C.H. Robinson has implemented generative AI technology to automate the entire freight shipment lifecycle, processing over 10,000 daily email transactions automatically. The system handles tasks from price quotes to load acceptance and delivery scheduling, reducing processing time from hours to seconds. For example, emailed load tenders now take 90 seconds instead of four hours, with the ability to process multiple loads simultaneously.

The automation includes 2,600 daily price quotes delivered in 32 seconds, 5,500 daily shipment orders processed in 90 seconds, and 3,000 daily appointment settings completed in 60 seconds across 26,000+ locations. The company is also piloting AI for in-transit visibility communications with carriers.

C.H. Robinson reported its Q3 2024 financial results, highlighting a significant increase in profitability. Gross profits rose 15.5% to $723.8 million, while income from operations surged 58.7% to $180.1 million. The company achieved an adjusted operating margin of 24.5%, up 660 basis points. Diluted EPS increased 17.6% to $0.80, and adjusted EPS rose 45.5% to $1.28. However, cash generated by operations fell by $97.2 million to $108.1 million. Total revenues grew 7.0% to $4.6 billion, driven by higher pricing and volume in ocean services. Operating expenses increased 6.5% to $555.1 million, with personnel expenses up 5.2% and other SG&A expenses rising 8.9%. The effective tax rate climbed to 32.4% from 11.7% last year. Year-to-date results showed a 1.2% increase in revenues to $13.5 billion and a 4.4% rise in gross profits to $2.0 billion. Net income for Q3 totaled $97.2 million, up 18.6%.

C.H. Robinson, the fourth-largest drop trailer provider in North America, has moved half a million drop trailer shipments this year, heading towards a record-setting volume. The company's Drop Trailer Plus™ service is a $900 million business, representing over 10% of its truckload volume. C.H. Robinson is enabling over 2,800 shippers to expand their drop-trailer options, offering customized and flexible programs through its extensive carrier network.

The company provides drop trailer services in dry van, temp control, and flatbed modes, leveraging its relationships with suppliers, nearby drops, closing loops, and increasing utilization to optimize cost and service. C.H. Robinson's drop trailer service boasts 98.2% accuracy in predictive ETAs and offers advanced real-time visibility, providing stability for shippers who require dependable service.