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) 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.
C.H. Robinson Worldwide reported a strong Q3 2021, with total revenues up 48.3% to $6.3 billion and gross profits rising 43.5% to $839.0 million.
Income from operations jumped 84.7% to $310.8 million, and diluted EPS surged 85.0% to $1.85.
Despite a 26.7% increase in operating expenses, the company maintained a robust adjusted operating margin of 36.8%. Cash used by operations improved significantly, decreasing by $95.1 million. The company continues to navigate a challenging market while leveraging its tech-driven services.
C.H. Robinson Worldwide, Inc. (CHRW) will release its third-quarter 2021 financial results on October 26, 2021, following market close. A conference call to discuss the results will be held from 4:00-5:00 PM CT on the same day, hosted by CEO Bob Biesterfeld, CFO Mike Zechmeister, and Director of Investor Relations Chuck Ives. Investors can access presentation slides and a live audio webcast at investor.chrobinson.com. An audio replay will be available until November 2, 2021.
C.H. Robinson launched Market Rate IQ™, a tool designed to help companies save on spot freight rates by revealing potential savings of
C.H. Robinson is launching a digital thank-you campaign during Truck Driver Appreciation Week (Sept. 12-18) to honor the contributions of truck drivers amid challenges like COVID-19 and supply chain disruptions. The campaign includes a $50,000 cash sweepstakes for drivers and a donation of $1 per thank-you note submitted, up to $25,000, to the St. Christopher Truckers Relief Fund. Truck drivers are critical, moving over 70% of all freight and supporting the delivery of essential goods during the pandemic.
C.H. Robinson (Nasdaq: CHRW) will present at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 8, 2021, at 10:40 a.m. ET. The fireside chat will be available for live streaming via the company's investor website, with a replay accessible for three months. C.H. Robinson is a leading logistics provider, managing $21 billion in freight annually, facilitating 19 million shipments worldwide.
C.H. Robinson Worldwide announced a quarterly cash dividend of $0.51 per share, payable on October 1, 2021, to shareholders of record by September 3, 2021. This marks over twenty years of uninterrupted dividend distribution. As of August 5, 2021, the company has approximately 131,560,544 shares outstanding, underscoring its commitment to returning value to investors.
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