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. (NASDAQ: CHRW) is a logistics and supply chain company that frequently issues news on its strategy, financial performance, technology initiatives, and regulatory matters. The company describes itself as the global leader in Lean AI supply chains and a major logistics platform trusted by tens of thousands of customers and hundreds of thousands of contract carriers to manage millions of shipments each year.
News about C.H. Robinson often covers quarterly earnings results, operating margin trends, and updates on its strategic initiatives across segments such as North American Surface Transportation and Global Forwarding. Earnings releases and related Form 8-K filings discuss revenues, gross profits, operating expenses, income from operations, and adjusted operating margins, along with commentary from management on market conditions and productivity improvements.
The company also regularly announces developments in its technology and AI capabilities. Examples include the introduction of the Agentic Supply Chain, which it describes as an intelligent ecosystem of AI agents that optimize logistics, and enhancements to its Drop Trailer Plus program through an Asset Management System that uses GPS and operational data for trailer visibility. These updates highlight how C.H. Robinson applies Lean AI and digital tools to freight management.
Regulatory and legal topics appear in the news as well, such as C.H. Robinson’s participation in a U.S. Supreme Court case involving freight broker liability and its advocacy for uniform federal freight laws. Investors and logistics professionals following CHRW news can also expect announcements about dividends, share repurchase authorizations, investor conference appearances, and scheduled earnings calls. This combination of financial, strategic, technological, and regulatory updates makes the CHRW news feed a useful source for understanding how the company manages its logistics platform and executes its stated strategy.
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.
C.H. Robinson (CHRW) has announced the sale of its European Surface Transportation (EST) business to sennder Technologies GmbH, a leading digital road freight forwarder in Europe. This strategic move aligns with C.H. Robinson's enterprise strategy to focus on its four core modes: North American truckload, less-than-truckload, global ocean, and air. The company remains committed to its global forwarding and managed services presence in Europe.
The transaction is expected to close in Q4 2024, subject to customary conditions and regulatory approvals. This acquisition will enhance sennder's growth opportunities and improve service offerings and digital capabilities. C.H. Robinson will continue to invest in key trade lanes, products, and technology within the European region through its Global Forwarding and TMC teams.
C.H. Robinson Worldwide (CHRW) will release its Q2 2024 earnings results after the market closes on Wednesday, July 31, 2024. A conference call to discuss the results will be held from 5:00 pm - 6:00 pm Eastern Time the same day. Investors can access the call via webcast or by dialing in 10 minutes early. Presentation slides will also be available on the company's investor relations website.
C.H. Robinson Worldwide (NASDAQ: CHRW) has appointed Arun Rajan as its Chief Strategy and Innovation Officer (CSIO), effective immediately. Previously serving as COO, Rajan will now focus on driving strategy and fostering innovation across the company. The CSIO role will encompass strategic planning, development, and deployment in partnership with the CFO and Senior Leadership Team to ensure long-term, sustainable growth. This move aligns with the company's commitment to operational excellence and innovation, underscoring its leadership in the logistics industry. The COO role will not be backfilled, reflecting the effectiveness of the company’s streamlined operating model.
C.H. Robinson has announced Damon Lee as its new Chief Financial Officer, effective July 8, 2024. Lee, currently serving as VP and CFO of GE Commercial Engines and Services, brings extensive experience in Lean and continuous improvement. He succeeds Mike Zechmeister, who will retire after the transition. Lee has a proven track record in financial leadership, having previously held roles at Aptiv, Precision Castparts, and Eaton. The hire aligns with Robinson's strategic goals and commitment to operational excellence and innovation.
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