C H Robinson Worldwide Inc Stock Price, News & Analysis

C.H. Robinson has launched C.H. Robinson Managed Solutions, a new generation of logistics management that integrates TMS, 3PL, and 4PL services through one AI-enhanced global platform. The solution addresses increasing supply chain complexity by providing seamless access to the company's comprehensive services, which manages 35 million shipments and $22 billion in freight annually. The platform offers end-to-end visibility, tailored solutions, and potential savings of up to 25% on addressable supply chain costs. With Control Tower locations globally and a 450,000+ carrier network, the service aims to provide enhanced agility and control for shippers facing geopolitical, economic, and physical disruptions.

C.H. Robinson (Nasdaq: CHRW) has announced a quarterly cash dividend of $0.62 per share. The dividend will be paid on January 2, 2025, to shareholders of record as of December 6, 2024. The company highlighted its track record of increasing dividends annually for over 25 years. As of November 6, 2024, C.H. Robinson had approximately 118,311,730 shares outstanding.

C.H. Robinson has implemented generative AI technology to automate the entire freight shipment lifecycle, processing over 10,000 daily email transactions automatically. The system handles tasks from price quotes to load acceptance and delivery scheduling, reducing processing time from hours to seconds. For example, emailed load tenders now take 90 seconds instead of four hours, with the ability to process multiple loads simultaneously.

The automation includes 2,600 daily price quotes delivered in 32 seconds, 5,500 daily shipment orders processed in 90 seconds, and 3,000 daily appointment settings completed in 60 seconds across 26,000+ locations. The company is also piloting AI for in-transit visibility communications with carriers.

C.H. Robinson reported its Q3 2024 financial results, highlighting a significant increase in profitability. Gross profits rose 15.5% to $723.8 million, while income from operations surged 58.7% to $180.1 million. The company achieved an adjusted operating margin of 24.5%, up 660 basis points. Diluted EPS increased 17.6% to $0.80, and adjusted EPS rose 45.5% to $1.28. However, cash generated by operations fell by $97.2 million to $108.1 million. Total revenues grew 7.0% to $4.6 billion, driven by higher pricing and volume in ocean services. Operating expenses increased 6.5% to $555.1 million, with personnel expenses up 5.2% and other SG&A expenses rising 8.9%. The effective tax rate climbed to 32.4% from 11.7% last year. Year-to-date results showed a 1.2% increase in revenues to $13.5 billion and a 4.4% rise in gross profits to $2.0 billion. Net income for Q3 totaled $97.2 million, up 18.6%.

C.H. Robinson, the fourth-largest drop trailer provider in North America, has moved half a million drop trailer shipments this year, heading towards a record-setting volume. The company's Drop Trailer Plus™ service is a $900 million business, representing over 10% of its truckload volume. C.H. Robinson is enabling over 2,800 shippers to expand their drop-trailer options, offering customized and flexible programs through its extensive carrier network.

The company provides drop trailer services in dry van, temp control, and flatbed modes, leveraging its relationships with suppliers, nearby drops, closing loops, and increasing utilization to optimize cost and service. C.H. Robinson's drop trailer service boasts 98.2% accuracy in predictive ETAs and offers advanced real-time visibility, providing stability for shippers who require dependable service.

C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) has announced its upcoming third quarter 2024 earnings release and conference call schedule. The company will release its Q3 2024 results after market close on Wednesday, October 30, 2024. Following the release, C.H. Robinson will host a conference call from 5:00 pm to 6:00 pm Eastern Time on the same day to discuss the quarterly results and address questions from the investment community.

Investors and interested parties can access presentation slides and a simultaneous audio webcast of the conference call at http://investor.chrobinson.com. To participate in the conference call by telephone, attendees should call 877-269-7756 ten minutes before the start time. An audio replay of the call will be made available on the company's investor relations website.

C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW), a leading global logistics provider, has announced its upcoming 2024 Investor Day to be held in New York City on Thursday, December 12. The event will feature presentations from key executives, including CEO Dave Bozeman and CFO Damon Lee, who will provide an in-depth look at the company's:

• Strategy
• Operating model
• Growth drivers
• Financial objectives

The event is scheduled from 9:00 a.m. to 12:00 p.m. ET and will include Q&A sessions. While in-person attendance is and requires registration, a live webcast will be available for remote participants at https://investor.chrobinson.com. An archived version of the webcast will be accessible after the event's conclusion.

C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) has announced an increase in its quarterly cash dividend. The Board of Directors has declared a new dividend of $0.62 per share, up from the previous $0.61 per share. This dividend will be payable on October 1, 2024, to shareholders of record as of September 6, 2024. This increase continues C.H. Robinson's track record of distributing uninterrupted dividends with annual increases for over 25 years. As of August 7, 2024, the company had approximately 117,630,781 shares outstanding.

C.H. Robinson (CHRW) reported strong Q2 2024 results, with gross profits increasing 3.0% year-over-year to $676.5 million. Income from operations rose 34.3% to $178.1 million, while adjusted operating margin improved by 600 basis points to 25.9%. Diluted EPS increased 29.6% to $1.05, and adjusted EPS grew 25.0% to $1.15. The company's truckload business grew market share for the fourth consecutive quarter, with margin improvement. NAST segment saw a 4.8% increase in adjusted gross profits, while Global Forwarding segment's income from operations increased 38.2%. Despite an ongoing freight recession, C.H. Robinson is focusing on growing market share and expanding operating income margins through improved execution and cost optimization efforts.