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.
C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) announced a quarterly cash dividend of $0.55 per share, payable on October 3, 2022, for shareholders on record as of September 2, 2022. The company has consistently paid uninterrupted dividends for over twenty years. As of August 3, 2022, C.H. Robinson had approximately 123.8 million shares outstanding. With $28 billion in freight managed and 20 million shipments annually, it stands as a major player in global logistics, serving around 100,000 customers worldwide.
C.H. Robinson reported strong financial results for Q2 2022, with total revenues increasing 22.9% to $6.8 billion and gross profits rising 37.7% to $1 billion. Income from operations surged 80.2% to $469.7 million, while diluted EPS reached $2.67, up 85.4%. The adjusted operating margin expanded significantly to 45.5%. Year-to-date, total revenues rose 31.7% to $13.6 billion. The company anticipates continued robust performance despite economic uncertainties, thanks to its strong business model and effective customer relationships.
C.H. Robinson Worldwide, Inc. (CHRW) announced it will release its second quarter 2022 results on July 27, 2022, after market close. A conference call will follow from 5:00 pm - 6:00 pm Eastern Time to discuss the results and answer questions. Key executives include CEO Bob Biesterfeld and CFO Mike Zechmeister. CHRW handles $28 billion in freight and manages 20 million shipments annually, highlighting its position as a leading logistics platform. An audio webcast and presentation slides will be available for stakeholders.
C.H. Robinson has delivered nearly 2.7 million digital quotes in the past year, with a 54% increase in Q1 2022 alone. The company's digital B2B supply chain connectivity has resulted in spot transportation cost savings of up to 65% for shippers. Two-thirds of C.H. Robinson's spot business in Q1 2022 utilized its dynamic pricing engine, leading to improved efficiency and time savings. Customer feedback indicates a strong demand for enhanced technology due to market volatility, underscoring the relevance of C.H. Robinson's solutions in today's logistics landscape.
C.H. Robinson (NASDAQ: CHRW) will engage in virtual fireside chats at notable investor conferences. The events include the 29th Annual Bank of America Transportation, Airlines and Industrials Conference on May 19, 2022, at 3:00 p.m. ET, and the 2022 Wolfe Research Global Transportation Conference on May 25, 2022, at 10:55 a.m. ET. Interested parties can access live webcasts at investor.chrobinson.com, with replays available afterward. C.H. Robinson offers comprehensive logistics solutions, managing $28 billion in freight annually.
C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) declared a quarterly cash dividend of $0.55 per share, payable on July 1, 2022, to shareholders on record as of June 3, 2022. The company has maintained uninterrupted dividend payments for over twenty years, with approximately 127 million shares outstanding as of May 5, 2022. C.H. Robinson is a leading global logistics platform, managing $28 billion in freight annually and executing 20 million shipments. Its services support over 100,000 customers and 85,000 contract carriers.
C.H. Robinson Worldwide (CHRW) reported strong financial results for Q1 2022, with total revenues up 41.9% to $6.8 billion and gross profits increasing 29.1% to $900.5 million. Operating income surged 54.7% to $345.5 million, while diluted EPS rose 60.2% to $2.05. The North American Surface Transportation segment saw a 28.1% revenue increase, and Global Forwarding revenues jumped 89.8%. Cash used by operations improved significantly to $13.9 million. The company anticipates continued growth despite global economic uncertainties.
C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) is set to release its first quarter 2022 financial results on April 27, 2022, after market close. A conference call will follow from 5:00 pm to 6:00 pm Eastern Time for an in-depth discussion and Q&A with executives including the CEO, CFO, and Chief Product Officer. C.H. Robinson, a major logistics platform managing $28 billion in freight and handling 20 million shipments annually, has established itself as a leader in the industry.
C.H. Robinson Worldwide (NASDAQ: CHRW) has announced the appointment of Jay Winship and Henry Maier as independent directors, contributing to the ongoing refresh of its Board of Directors. The Board will also form a Capital Allocation and Planning Committee to evaluate value creation opportunities and enhance shareholder transparency. A cooperation agreement has been signed with Ancora Holdings Group, supporting the full slate of directors for the upcoming Annual Meeting. This strategic move aims to drive long-term shareholder value and bolster governance expertise.
FAQ
What is the current stock price of C.H. Robinson Worldwide (CHRW)?
What is the market cap of C.H. Robinson Worldwide (CHRW)?
What services does C.H. Robinson Worldwide, Inc. provide?
How does C.H. Robinson use technology in its operations?
What percentage of C.H. Robinson's net revenue comes from domestic freight brokerage?
What other logistics services does C.H. Robinson offer?
How has C.H. Robinson's air and ocean forwarding division grown?
What is the company's approach to enhancing supply chain efficiency?
What is the significance of C.H. Robinson's technology platform?
Who can benefit from C.H. Robinson's services?
What recent achievements has C.H. Robinson made?
What is C.H. Robinson's position in the logistics industry?
