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CH Robinson Asks Seattle Employees To Telecommute As Coronavirus Spreads
Thursday, March 5, 2020 - 5:54pm | 513As the number of confirmed coronavirus cases in Seattle creeps ominously upward, C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) has asked all employees in the local office to work from home. The logistics company directive dovetails with King County officials' Wednesday recommendation that employees...
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CH Robinson Denies Claims Of "Deceptive Business Practices" In Growers' Lawsuit
Wednesday, February 12, 2020 - 10:18am | 662C.H. Robinson Worldwide Inc (NASDAQ: CHRW) is pushing back against a lawsuit filed by more than a dozen growers seeking more than $1 billion over allegations the third-party logistics giant engaged in "deceptive business practices." "We deny any and all allegations of wrongdoing and look forward...
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Roadrunner To Sell Prime Division To CHRW To Help Clean Up Balance Sheet
Wednesday, January 29, 2020 - 9:52am | 501Roadrunner 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...
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CH Robinson Earnings Fall 45% On Narrowest Brokerage Margins In A Decade
Wednesday, January 29, 2020 - 9:43am | 595North America's largest third-party logistics provider held the line on trucking volumes but paid for it with profitability. 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...
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CH Robinson's Biesterfeld: Robinson Labs Allows Company To "Swarm" On Problems
Monday, January 27, 2020 - 10:32am | 956The number is eye-popping, but the tangible results are game-changing. Last fall, logistics powerhouse C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) announced a $1 billion technology investment over five years across its operations. That money is being invested to improve innovation, add new features...
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Will CH Robinson's Billion Dollar Bet On FreightTech Pay Off?
Friday, January 24, 2020 - 4:54pm | 298On 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 one trucker thinks Amazon.com, Inc. (NASDAQ: AMZN) is working him like a "rented mule." A new...
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Technology Plus People: CH Robinson Paves Way For More Innovative Future
Tuesday, September 24, 2019 - 12:30pm | 744Over the past year, C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) has talked to 3,000 shippers and 5,000 carriers about technology, innovation and their business needs moving forward. What the company learned from those conversations has prompted them to invest $1 billion into technology over the...
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UBS Analyst Likes C.H. Robinson's New Technology
Wednesday, September 11, 2019 - 5:10pm | 875In an investor note released yesterday, Sept. 10, UBS equities analyst Tom Wadewitz reported on his recent meetings with C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) management. Though Wadewitz maintained his ‘neutral' rating on the stock and called out some near-term risks to the third-party...
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C.H. Robinson's Bob Biesterfeld, Uber Freight's Lior Ron To Highlight New Townhall Series At CSCMP EDGE 2019
Monday, September 9, 2019 - 4:32pm | 746Discussions around the "Uberization of freight" and changing last-mile demands have permeated the freight industries in recent years. But what do these terms really mean, and how are they altering the supply chain? This is a major theme of the first-ever Townhall Series at the upcoming Council of...
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C.H. Robinson Reports Earnings Beat Of One Cent Per Share
Wednesday, July 31, 2019 - 10:27am | 696C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) the largest North American third-party logistics provider (3PL), reported its second quarter financial results today, July 30, after markets closed. Robinson posted diluted earnings per share of $1.22, up 8 percent, but just above Wall Street's $1.21...
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C.H. Robinson Adds To European Brokerage With Italian Acquisition
Thursday, May 23, 2019 - 2:30pm | 291C.H. Robinson Worldwide Inc. (Nasdaq: CHRW) added to its European business with the acquisition of an Italian truck brokerage. The Eden Prairie, Minnesota-based company announced it bought Dema Service S.p.A. Dema Service is a privately owned logistics company providing road transportation...
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C.H. Robinson Announces Interim CFO And New Reporting Structure
Tuesday, April 2, 2019 - 10:14am | 562C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) announced Monday afternoon following the close of the trading day that the third-party logistics provider had named Scott Hagen, Corporate Controller, to Interim Chief Financial Officer (CFO), effective immediately. This announcement comes just a day...
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Goldman Sachs Raises PT On CHRW To $71
Wednesday, April 27, 2011 - 8:52am | 105Goldman Sachs is raising its price target from $68 to $71 on C.H. Robinson Worldwide (NASDAQ: CHRW) in-line 1Q11 results. According to Goldman Sachs, “CHRW reported 1Q11 EPS of $0.59 vs. GS and consensus $0.60, through results include a $5.9 mn ($0.02/sh) charge due to a ruling by the Illinois...
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Jefferies Raises PT On CHRW To $90
Wednesday, April 27, 2011 - 8:47am | 141Jefferies has raised its price target on C.H. Robinson Worldwide (NASDAQ: CHRW) from $86 to $90 based upon an in-line 1Q. Says Jefferies, in the report, “CHRW reported an essentially in-line 1Q,with consolidated gross yields turning positive YoY. We have raised our estimates and price target...