|Bid||0.00 x 1000|
|Ask||76.80 x 800|
|Day's Range||71.70 - 72.39|
|52 Week Range||71.70 - 92.72|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||17.19|
|Earnings Date||Apr 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||2.04 (2.83%)|
|Ex-Dividend Date||Mar 04, 2020|
|1y Target Est||77.29|
Zamansky LLC announces that it is investigating C.H. Robinson Worldwide, Inc. (CHRW) ("CHR Worldwide" or the "Company") for potential breaches of fiduciary duties by CHR Worldwide’s senior officers and board of directors. If you are a shareholder of CHR Worldwide who still holds your shares, please contact our firm for information.
"We deny any and all allegations of wrongdoing and look forward to vigorously defending our actions, as well as filing legitimate counterclaims against the growers," C.H. Robinson said in a statement to FreightWaves. The growers allege that Robinson Fresh, a company owned by C.H. Robinson Worldwide Inc., headquartered in Eden Prairie, Minnesota, profited from the transportation of consigned produce, termed "freight topping," to financially benefit the company without the growers' knowledge or consent. The complaint claims C.H. Robinson arranged freight transportation for the produce loads and contracted with carriers for an additional 2% reduction of the freight charges.
It's not just carriers: Third-party logistics providers and freight tech startups are cutting headcount in response to industry cycles and shifting investor priorities. A combination of low rates, too many trucks, rising wages and insurance costs, and higher diesel costs pushed carriers out of the industry; even established carriers let their fleets contract by attrition as they optimized capacity for their most profitable lanes. Third-party logistics providers are traditionally considered to have more resilient business models than trucking carriers because they tend to have many more customers, use many more carriers, and are able to exploit structural information asymmetries and pricing spreads.
Keeping track of all the outstanding content published on Freighwaves.com each week can prove daunting, and we do not want you to miss a beat. Every FreightWaves article is designed to assist our readers ...
On today's episode, Dooner and Chad are talking about the impact the coronavirus could have on freight, whether C.H. Robinson Worldwide Inc. 's (NASDAQ: CHRW ) rough earnings are a warning sign of things ...
The new competitive landscape of U.S. freight brokerage has been years in the making, but now it's one of Wall Street's favorite themes. Bank of America Merrill Lynch transportation analyst Ken Hoexter published a client note on Tuesday titled "Primer: Broker Wars, Part I: Tech disruption & pricing wars shift landscape." Hoexter focuses on the core metrics of growth, margins and tech adoption, highlighting the mobile app horse race. As Hoexter points out, it's one thing to get carriers to download an app, but it's quite another to drive enough operational efficiency to grow earnings on narrowing margins.
The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers. This week, weak transportation earnings and falling tender rejections carried the day.
The company just launched Robinson Labs, an in-house incubator that is part of its commitment to spend $1 billion on tech by 2025.
Shares of C.H. Robinson Worldwide Inc. tumbled 6.1% in afternoon trading Wednesday, putting the on track for the lowest close since September 2017, after the trucking and shipping company missed fourth-quarter profit expectations, but topped on revenue, as operating margin decreased by 1.22 percentage points. Analyst Jason Seidl at Cowen reiterated his bullish outperform rating, saying he believes the "harsh market reaction" to results presented a "unique buying opportunity." He said although weak margins hurt results, the company regained volume in a difficult freight market, as win rates nearly doubled even as management was "adamant that they will not chase volumes" at the bottom of the market. "Tech initiatives, more rational pricing from competitors and a 2H20 freight market recovery (management sees 2020 contract rates flat to up a few percent) should all aid [C.H. Robinson] over the longer-term," Seidl wrote in a note to clients. The stock has tumbled 19.0% over the past three months, while the Dow Jones Transportation Average has edged up 1.6% and the Dow Jones Industrial Average has gained 6.6%.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of C.H. Robinson...
Roadrunner Transportation will be able to take a significant step in improving its balance sheet following its agreement to sell its Prime Distribution Services business to C.H. Robinson Worldwide (NASDAQ: CHRW). The sale of Prime Distribution, which is part of Roadrunner's Ascent division, will be for $225 million in cash. At the end of the third quarter, according to Roadrunner's (NYSE: RRTS) 10-Q report filed with the SEC, the company had just $5.8 million in cash, down from $11.2 million at the end of 2018's third quarter.
C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) reported its operating and financial results for the fourth quarter of 2019 after the close on Tuesday. Robinson reported total revenues of $3.79 billion in the fourth quarter, down 8.3% year-over-year, and net income of $99.1 million, down 47% year-over-year. CEO Bob Biesterfeld cited "a quarter of challenging operating results" but noted that Robinson's brokers were able to adjust pricing and halt the truckload volume slide the company experienced in the third quarter.
Prime Distribution Services had $108.7 million in revenue in its most recent fiscal year and works with about 140 different customers.
C.H. Robinson (CHRW) delivered earnings and revenue surprises of -25.51% and -0.30%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Last fall, logistics powerhouse C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) announced a $1 billion technology investment over five years across its operations. It also is being used to help launch Robinson Labs. Formally announced on Thursday, Robinson Labs is an innovation incubator that will help design, develop and launch innovative solutions for C.H. Robinson, its shipping customers and carriers.
On today's episode, Dooner and Chad will talk to C.H. Robinson Worldwide Inc. (NASDAQ: CHRW ) President and CEO Bob Biesterfeld about the company's new idea incubator, Robinson Labs. We'll find out why ...
GATX Rail International unit's impressive performance aids fourth-quarter 2019 results. The segment is expected to perform even better in 2020.