EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Global logistics company C.H. Robinson has developed new technology that creates a major efficiency in freight shipping: removing the work of scheduling an appointment at the place a load needs to be picked up and scheduling another appointment where the load needs to be delivered. Across the U.S. trucking industry, more than 1 billion of these appointments are made each year, commonly through phone calls and emails. With touchless appointments, the entire process is ...

C.H. Robinson Worldwide, Inc. (CHRW) continues to grapple with lower pricing in the ocean and truckload services and overall weak freight demand.C.H. Robinson reported lower-than-expected fourth-quarter 2023 results. Quarterly earnings of 50 cents per share missed the Zacks Consensus Estimate of 80 cents and declined year over year. Total revenues of $4,221.9 million also lagged the Zacks Consensus Estimate of $4,352.1 million and declined 16.7% year over year owing to lower pricing in the company’s ocean a ...

C.H. Robinson Worldwide (CHRW -14.85%) has been battling through a tough demand and pricing environment, and its year-end results reflected it. Shares of the logistics company traded down 14% as of 1 p.m. ET Thursday after the company missed expectations.A cyclical business turns downwardC.H. Robinson is in the business of connecting shippers to those who need transport services. It manages about $22 billion in freight and 19 million shipments annually. But in 2023, with large businesses fretting over infla ...

C.H. Robinson Worldwide, Inc. (CHRW) fourth-quarter 2023 earnings per share (EPS) of 50 cents missed the Zacks Consensus Estimate of 80 cents and declined year over year. Total revenues of $4,221.9 million lagged the Zacks Consensus Estimate of $4,352.1 million and declined 16.7% year over year owing to lower pricing in the company’s ocean and truckload services.Operating expenses declined 15.4% year over year to $511.2 million.Adjusted gross profits fell 19.5% year over year to $618.6 million, owing to low ...

Key TakeawaysC.H. Robinson shares traded sharply lower Thursday morning after the logistics giant fell short of analysts' fourth-quarter earnings and sales estimates.The company's top line came under pressure from waning freight volumes and excess capacity, which suppressed transportation rates.The C.H. Robinson share price may find chart support from the November swing low around $80. C.H. Robinson Worldwide, Inc. Source: TradingView.com.Shares in logistics giant C.H. Robinson Worldwide (CHRW) fell shar ...

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Q4 2023 Earnings Call Transcript January 31, 2024 5:00 PM ET Company Participants Chuck Ives - Director of IR Dave Bozeman - President and CEO Arun Rajan - COO Mike Zechmeister - CFO Conference Call Participants Brian Ossenbeck - JPMorgan Jack Atkins - Stephens, Inc. Jon Chapelle - Evercore ISI Chris Wetherbee - Citi Stephanie Moore - Jefferies Jeff Kauffman - Vertical Research Partners Bruce Chan - Stifel David Vernon - Bernstein Operator Good afternoon, ladies a ...

C.H. Robinson Worldwide (CHRW) reported $4.22 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 16.7%. EPS of $0.50 for the same period compares to $1.03 a year ago.The reported revenue represents a surprise of -2.99% over the Zacks Consensus Estimate of $4.35 billion. With the consensus EPS estimate being $0.80, the EPS surprise was -37.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

| --- | --- | --- | --- | --- | --- | |-------|-------------------------------|-------|-------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | Dave Bozeman, President & CEO Arun Rajan, Chief Operating Officer Mike Zechmeister, Chief Financial Officer Chuck Ives, Director of Investor Relations | | | Q4 2023 Earnings Presentation | | | | | | | ...

C.H. Robinson Worldwide (CHRW) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -37.50%. A quarter ago, it was expected that this trucking company would post earnings of $0.82 per share when it actually produced earnings of $0.84, delivering a surprise of 2.44%.Over the last four quart ...

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW), a leading global provider of logistics solutions, services and technology, today announced that Michael Castagnetto has been promoted to President of North American Surface Transportation (“NAST”), effective immediately. Michael succeeds Mac Pinkerton, who is transitioning from his current role at C.H. Robinson. “Michael is a strong and strategic leader, and we are confident he will ensure that NAST cont ...