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C.H. Robinson Worldwide, Inc. - CHRW STOCK NEWS

Welcome to our dedicated page for C.H. Robinson Worldwide news (Ticker: CHRW), a resource for investors and traders seeking the latest updates and insights on C.H. Robinson Worldwide stock.

C.H. Robinson Worldwide, Inc. (symbol: CHRW) is a leading global third-party logistics (3PL) provider, recognized for its comprehensive supply chain solutions and innovative logistics services. The company specializes in simplifying global supply chains and helping businesses understand their landed costs. By leveraging the expertise of supply chain engineers and logistics professionals, C.H. Robinson offers practical solutions that enhance the competitiveness of companies of all sizes.

C.H. Robinson's core services include local truck transportation, global supply chain management systems, produce sourcing, and logistics outsourcing. The company integrates advanced technology to help businesses manage their supply chain spend effectively. This technology collects data from various points across the supply chain, providing businesses with critical global supply chain visibility and insights.

As a non-asset-based third-party logistics provider, C.H. Robinson focuses significantly on domestic freight brokerage, which constitutes approximately 61% of its net revenue. This segment primarily involves truck brokerage but also includes rail intermodal services. Additionally, the company's air and ocean forwarding division, which makes up 27% of net revenue, has expanded through both organic growth and strategic acquisitions. The remainder of the company's revenue comes from its European truck-brokerage division, transportation management services, and its legacy produce-sourcing operations.

Recent achievements of C.H. Robinson include various strategic partnerships and enhancements to its technology platform, aimed at providing clients with even greater efficiency and cost savings. The company's continued focus on innovation and customer-centric solutions has solidified its position as a trusted partner in the logistics industry.

News

C.H. Robinson Automates a Task the Freight Industry Does 1 Billion Times a Year

Rhea-AI Summary
C.H. Robinson has developed new technology for touchless appointments in freight shipping, using artificial intelligence to determine optimal appointments based on transit-time data and facility data. The technology has already been implemented for 2,545 customers at over 25,000 facilities, saving shippers time, getting freight on the road faster, and saving shippers money. In a 2024 customer survey, shippers indicate that more-efficient appointment scheduling is their second-biggest tech priority for supply chains this year.
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Michael Castagnetto Appointed New President of North American Surface Transportation at C.H. Robinson

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C.H. Robinson Worldwide, Inc. announces the promotion of Michael Castagnetto to President of North American Surface Transportation (NAST), succeeding Mac Pinkerton. Castagnetto is praised for his strategic leadership and track record of building strong relationships and driving operational excellence. Pinkerton, who has been with the company since 1997, will depart at the end of February 2024.
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C.H. Robinson Reports 2023 Fourth Quarter Results

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C.H. Robinson Worldwide, Inc. reported a decrease in gross profits, income from operations, adjusted operating margin, and diluted earnings per share for the fourth quarter and full year of 2023. The company attributes the decline to poor demand and pricing environment, weak freight demand, and excess carrier capacity. The President and CEO expressed optimism for the future, focusing on productivity improvements and cost structure optimization.
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C.H. Robinson Fourth Quarter 2023 Earnings Release and Conference Call Scheduled for Wednesday, January 31, 2024

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C.H. Robinson Worldwide, Inc. (CHRW) will release its Q4 2023 results on January 31, 2024, followed by a conference call with top executives to discuss the quarterly performance and answer questions from investors.
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C.H. Robinson Taps Lean Methodology Expert Jim Reutlinger to Join Senior Leadership Team, Stand Up New Program Management Office

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C.H. Robinson Worldwide, Inc. (CHRW) appoints Jim Reutlinger as Vice President, Enterprise Strategy Program Management to drive strategic priorities and growth. Reutlinger, an expert in Continuous Improvement and Lean methodology, will lead the new Program Management Office to strengthen capabilities and support customers in facing supply chain challenges. With over 25 years of experience, Reutlinger's expertise will help C.H. Robinson accelerate progress and success in 2024 and beyond.
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C.H. Robinson Announces Chief Financial Officer Transition

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C.H. Robinson Worldwide, Inc. (CHRW) announces the departure of CFO Mike Zechmeister and the commencement of a formal search for his successor. Zechmeister will remain with the company until a successor is named or no later than May 31, 2024, at which time he plans to retire. The company expresses gratitude for Zechmeister's contributions and leadership, highlighting the strong financial performance during his tenure.
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C.H. Robinson Declares Quarterly Cash Dividend

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C.H. Robinson Worldwide, Inc. (CHRW) Announces Regular Quarterly Cash Dividend of $0.61 per Share
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C.H. Robinson Reports 2023 Third Quarter Results

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C.H. Robinson Worldwide, Inc. reported financial results for Q3 2023. Gross profits decreased by 28.9% to $626.6 million, while income from operations decreased by 60.5% to $113.5 million. Adjusted operating margin decreased by 1,450 basis points to 17.9%. Diluted EPS decreased by 61.8% to $0.68.
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C.H. Robinson Third Quarter 2023 Earnings Release and Conference Call Scheduled for Wednesday, November 1, 2023

Rhea-AI Summary
C.H. Robinson Worldwide, Inc. will release its Q3 2023 results on November 1, 2023, followed by a conference call to discuss the results.
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C.H. Robinson Opens One of the Largest Cross-border Logistics Facilities in Dominant U.S. Trade Hub of Laredo

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C.H. Robinson opens new facility to speed up trade across Mexico border, expanding footprint to 1.5 million sq. ft.
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FAQ

What is the current stock price of C.H. Robinson Worldwide (CHRW)?

The current stock price of C.H. Robinson Worldwide (CHRW) is $104.34 as of December 20, 2024.

What is the market cap of C.H. Robinson Worldwide (CHRW)?

The market cap of C.H. Robinson Worldwide (CHRW) is approximately 12.4B.

What services does C.H. Robinson Worldwide, Inc. provide?

C.H. Robinson provides local truck transportation, global supply chain management, produce sourcing, and logistics outsourcing services.

How does C.H. Robinson use technology in its operations?

C.H. Robinson utilizes advanced technology to gather supply chain data, providing businesses with global supply chain visibility and cost management tools.

What percentage of C.H. Robinson's net revenue comes from domestic freight brokerage?

Approximately 61% of C.H. Robinson's net revenue comes from domestic freight brokerage.

What other logistics services does C.H. Robinson offer?

Besides domestic freight brokerage, C.H. Robinson offers air and ocean forwarding, European truck-brokerage, transportation management services, and produce sourcing.

How has C.H. Robinson's air and ocean forwarding division grown?

The air and ocean forwarding division has grown through both organic expansion and strategic tuck-in acquisitions.

What is the company's approach to enhancing supply chain efficiency?

C.H. Robinson combines deep market knowledge, practical experience, and proven processes to enhance supply chain efficiency for its clients.

What is the significance of C.H. Robinson's technology platform?

The technology platform helps companies manage their supply chain spend and provides essential global supply chain visibility.

Who can benefit from C.H. Robinson's services?

Companies of all sizes seeking competitive advantages in their supply chains can benefit from C.H. Robinson's services.

What recent achievements has C.H. Robinson made?

Recent achievements include strategic partnerships and enhancements to its technology platform to improve efficiency and cost savings for clients.

What is C.H. Robinson's position in the logistics industry?

C.H. Robinson is a top-tier non-asset-based third-party logistics provider, recognized for its innovative and customer-centric solutions.

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C.H. Robinson Worldwide, Inc.

Nasdaq:CHRW

CHRW Rankings

#740 Ranked by Market Cap
#1267 Ranked by Dividends

CHRW Stock Data

12.41B
117.05M
0.93%
95.19%
3.67%
Integrated Freight & Logistics
Arrangement of Transportation of Freight & Cargo
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United States of America
EDEN PRAIRIE