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.
Global Critical Logistics (GCL) has appointed Andrew Clarke as Chairman, effective immediately. Clarke, a logistics industry expert and board member since 2018, has extensive experience, previously serving as CFO of C.H. Robinson (CHRW). GCL, which provides critical logistics services across various sectors including live entertainment and film, aims for growth through both organic strategies and acquisitions. CEO Paul Martins emphasizes Clarke’s leadership will bolster GCL's growth in demanding markets.
C.H. Robinson (NASDAQ: CHRW) will present at two investor conferences in Miami Beach, Florida. The Citi 2022 Global Industrial Tech and Mobility Conference is on February 23, 2022, at 9:40 a.m. Eastern, while the Barclays Industrial Select Conference is on February 24, 2022, at 10:20 a.m. Eastern. Live webcasts will be available on investor.chrobinson.com, with replays accessible for three months. C.H. Robinson is a major logistics provider managing $28 billion in freight, delivering solutions across various industries.
C.H. Robinson and Waymo Via have entered a strategic partnership to pilot autonomous trucking solutions for logistics. This collaboration focuses on the Dallas-Houston transportation lane, where Waymo's autonomous trucks will transport C.H. Robinson's customer freight. The initiative aims to enhance logistical efficiency and tackle long-term driver shortages.
The partnership combines Waymo's driving technology with C.H. Robinson's logistics platform, potentially increasing capacity and sustainability in freight management.
C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) announced a quarterly cash dividend of $0.55 per share, payable on April 1, 2022, to shareholders of record on March 4, 2022. The company has maintained uninterrupted dividends for over 20 years. With approximately 128.7 million shares outstanding as of February 10, 2022, C.H. Robinson manages $28 billion in freight and handles 20 million shipments annually, establishing itself as a leading logistics platform.
C.H. Robinson reported a strong fourth quarter with a 42.9% increase in total revenues to $6.5 billion and a 61.1% rise in diluted EPS to $1.74. Gross profits for the quarter were $850.7 million, reflecting a 33.7% increase. For the full year, revenues reached $23.1 billion, a 42.5% rise, with net income soaring 66.7% to $844.2 million. However, cash generated by operations fell 81.0% to $95 million, raising concerns about cash flow in the face of rising operating expenses.
C.H. Robinson Worldwide has announced the retirement of two incumbent directors, Wayne M. Fortun and Brian P. Short, from the Board ahead of the 2022 Annual Meeting of Shareholders. The board expressed gratitude for their contributions to the company, highlighting their significant roles in its growth. C.H. Robinson is actively engaging with an executive search firm to identify potential replacements, emphasizing a commitment to board diversity and skill enhancement. The company aims to bolster governance practices while driving sustainable value for stakeholders.
C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) will release its fourth quarter 2021 results on February 2, 2022, before market opening. A conference call will follow from 7:30 am to 8:30 am Central Time to discuss the results and answer questions. Key executives, including Bob Biesterfeld (CEO), Mike Zechmeister (CFO), and Chuck Ives (Director of Investor Relations), will host the call. Interested parties can access presentation slides and a live audio webcast at investor.chrobinson.com.
C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) has amended the record date for its quarterly cash dividend of $0.55 per share. The new record date is set for December 15, 2021, shifted from the previous date of December 13, 2021. This adjustment ensures that shareholders are accurately recorded for dividend eligibility. C.H. Robinson remains a leading logistics provider, managing over $26 billion in freight annually and facilitating 19 million shipments each year.
C.H. Robinson has declared a quarterly cash dividend increase from 51 cents to 55 cents per share, effective January 3, 2022. Shareholders of record on December 13, 2021 will benefit from this increase, marking over twenty years of uninterrupted dividends. Additionally, the Board has authorized an increase in the share repurchase program by 20 million shares, on top of the remaining 2.1 million shares available from a previous authorization. This move aims to enhance shareholder value amidst a strong operational backdrop.
C.H. Robinson (Nasdaq: CHRW) will present at the Stephens Annual Investment Conference on December 1, 2021, at 3:00 p.m. Eastern in Nashville, Tennessee. The event will include a fireside chat that can be accessed live on the company's website. A replay will be available for three months. C.H. Robinson is a major logistics provider, managing $26 billion in freight and 19 million shipments annually.
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