C.H. Robinson (CHRW) is currently grappling with a host of intricate challenges, a scenario that we believe has significantly diminished its attractiveness as an investment opportunity.Let’s delve deeper.Southward Earnings Estimate Revision: The Zacks Consensus Estimate for current-quarter earnings has been revised 22.6% downward over the past 60 days. For the current year, the consensus mark for earnings has moved 13.4% south in the same time frame. The unfavorable estimate revisions indicate brokers’ lack ...

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW), a leading global logistics provider, today announced that the Board of Directors, upon recommendation of the Governance Committee, has nominated new directors, Michael McGarry and Paige Robbins, to stand for election to the Board at the company’s 2024 annual meeting of stockholders. The company also announced that Scott Anderson and James Stake have each decided not to stand for re-election to the Board of ...

It has been about a month since the last earnings report for C.H. Robinson Worldwide (CHRW) . Shares have added about 0.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is C.H. Robinson due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. C.H. Robinson Q4 Earnings Lag E ...

Financial Performance - Total revenue for 2023 was $2,486,636, a decrease of 28.6% from $3,480,669 in 2022[34] - Truckload revenue was $1,039,079 in 2023, down 33.4% from $1,561,310 in 2022[34] - LTL revenue decreased to $550,373 in 2023 from $632,116 in 2022, a decline of 12.9%[34] - Ocean transportation revenue fell to $420,883 in 2023, down 42.3% from $729,839 in 2022[34] - Air transportation revenue decreased to $123,470 in 2023, a drop of 37.6% from $198,166 in 2022[34] - C.H. Robinson reported consolidated total revenues of $17.6 billion for the fiscal year 2023[114] - Total revenues for the twelve months ended December 31, 2023, were $2,997,704, a decrease of 56.0% compared to $6,812,008 in 2022[163] - Total costs and expenses for the same period were $2,911,874, down 54.2% from $6,362,644 in 2022[163] - Income from operations decreased by 80.9% to $85,830 in 2023 from $449,364 in 2022[163] Operational Metrics - The company processed approximately 19 million shipments in 2023, managing $22 billion of freight[96] - C.H. Robinson executed approximately 19 million shipments for over 90,000 customers using more than 450,000 contracted carriers[105] - In 2023, the largest truck transportation provider accounted for less than 1% of the total transportation costs, with contracted motor carriers having fewer than 100 trucks transporting approximately 74% of truckload shipments[125] Sustainability and Social Responsibility - The company is committed to sustainability, offering tools like Emissions IQ™ to help customers reduce carbon emissions[53] - The company has a commitment to reducing its environmental footprint and supports sustainability efforts in the logistics industry[76] - The company reduced its Scope 1 and 2 carbon intensity by 47% by 2023, exceeding its goal of a 40% reduction by 2025[158] - C.H. Robinson's sustainability efforts include collaborations with non-profit and academic institutions to advance innovation in the transportation industry[138] - The company contributed $3.6 million to approximately 1,000 charities in 2023[75] Technology and Innovation - The company emphasizes integrated logistics solutions, managing a greater portion of customer supply chains[33] - Navisphere, the company's multimodal transportation management system, enhances supply chain performance through data-driven tools[39] - C.H. Robinson's technology platform, Navisphere, is essential for managing logistics and supply chain operations[105] - The company offers Managed TMS services, combining logistics expertise with its global technology platform[116] - C.H. Robinson has approximately 900 data scientists, engineers, and developers focused on technology and analytics to enhance supply chain solutions[121] Workforce and Diversity - The employee turnover ratio for the year ended December 31, 2023, was 24%, with a voluntary turnover rate of 13%, a decline of 2 percentage points from 2022[152] - Women represent 48% of the workforce, with 31% in leadership positions as of December 31, 2023[146] - C.H. Robinson's leadership development programs target high-potential employees, including women and employees of color[72] - The company aims to increase compensation transparency to align pay with performance and support career path visibility for employees[156] - The engagement survey in 2023 yielded a score of 77%, indicating a slight decline from previous years, with strengths in manager capabilities and understanding of customer needs[153] Financial Position - Cash and cash equivalents totaled $145.5 million as of December 31, 2023, down from $217.5 million in 2022[167] - Working capital increased significantly from $266.4 million at December 31, 2022, to $828.7 million at December 31, 2023[167] - Total assets decreased from $5,954,564 in 2022 to $5,225,280 in 2023, a decline of approximately 12.3%[1] - Current liabilities decreased from $3,322,852 in 2022 to $2,051,993 in 2023, a reduction of about 38.3%[1] - Total liabilities decreased from $4,601,142 in 2022 to $3,806,583 in 2023, a reduction of about 17.3%[1] - Long-term debt increased from $920,049 in 2022 to $1,420,487 in 2023, an increase of approximately 54.5%[1] - The fair value of the company's Senior Notes was approximately $315.7 million as of December 31, 2023[181] Management and Governance - Michael P. Zechmeister, the Chief Financial Officer, plans to retire by May 31, 2024[80] - C.H. Robinson Worldwide, Inc. maintained effective internal control over financial reporting as of December 31, 2023[218] Services Offered - The company operates a global network providing transportation services and logistics solutions across multiple regions including North America, Europe, Asia, Oceania, South America, and the Middle East[224] - The company offers value-added logistics services such as customs brokerage, managed services, warehousing, and supply chain consulting, with pricing based on customer contracts[225] - Accrued transportation expenses represent amounts owed to vendors for services provided while shipments are in transit as of the reporting date[227] - Revenue recognized for services provided while shipments were still in transit amounted to $189.9 million as of December 31, 2023[215] - The allowance for expected credit losses is determined based on past credit loss experience, customer credit risk ratings, and macroeconomic factors[227]

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced that its Board of Directors today declared a regular quarterly cash dividend of 61 cents ($0.61) per share, payable on April 1, 2024, to shareholders of record on March 1, 2024. C.H. Robinson has distributed uninterrupted dividends that have increased annually on a per share basis for twenty-five years. As of February 6, 2024, there were approximately 116,865,085 shares outstanding. About C.H. Ro ...

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 ...