C.H. Robinson (CHRW) Grapples With Challenging Freight Market

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 ...