Core Insights - C.H. Robinson is experiencing muted freight demand, with the Cass Freight Index down 7% in January, while facing rising cost pressures due to winter storms, holiday capacity crunch, and regulatory enforcement [1][5][7] - The company is focused on four core modes of transportation: truckload, less-than-truckload (LTL), ocean, and air, aiming to outgrow the market and expand margins through its "Lean AI" approach [2][4] - C.H. Robinson manages approximately 37 million shipments annually and $23 billion of freight, with a strong network of over 450,000 carrier relationships and 75,000 customers [3][5] Cost and Demand Trends - The cost curve began to rise in Q4, attributed to various factors, and demand trends have remained consistent, with macroeconomic indicators not yet translating into increased freight demand [1][7] - Cost pressures are expected to continue into Q1, influenced by industry-wide challenges from the previous quarter [7] Lean AI Operating Model - The "Lean AI" model has significantly improved productivity, reducing quoting response time from 17-20 minutes to about 31-32 seconds and increasing quote coverage from approximately 65% to 100% [6][11] - The company emphasizes a cultural shift towards "radical transparency" and problem-solving, which has positively impacted employee engagement and operational efficiency [8][10] Technology and Data Utilization - C.H. Robinson adopts a "build" approach to technology, leveraging its in-house team of about 450 engineers and data scientists, and utilizing Microsoft Azure for its operations [14][15] - The company possesses the largest dataset in the industry, with over 1 trillion data points, allowing it to learn from both successful and unsuccessful freight transactions [16] Business Segments and Growth Strategy - Global Forwarding constitutes roughly 20% of the company's business, with technology and agentic AI expected to enhance this segment further [17] - The company remains disciplined in capital allocation, actively evaluating M&A opportunities while maintaining an investment-grade balance sheet and pursuing stock buybacks [18]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________________________ Duke Holding Inc. As filed with the U.S. Securities and Exchange Commission on November 19, 2025. Registration No. 333-291047 (Exact name of registrant as specified in its charter) _________________________________ | Nevada | 4220 | 99-4197970 | | --- | --- | --- | | (State or other juri ...

Core Insights - CoPilot Global Logistics Holdings has acquired a majority stake in Mallory Alexander, a full-service logistics provider, with backing from private equity firm Endeavour [1][3] - Mallory Alexander will serve as the cornerstone operating company for CoPilot, which aims to build a global logistics platform through further investments and acquisitions [2] Company Structure and Leadership - The new ownership structure involves Endeavour and CoPilot holding a majority investment, while the Mallory family retains a share; this is a financial partnership rather than a merger with a competing third-party logistics (3PL) provider [3] - Mallory Alexander will continue to operate under its existing brand and leadership, with Rich Bolte as chairman, Paul Svindland as CEO, and Carmen Gerace as president [3] Strategic Focus and Future Plans - CoPilot's strategy includes long-term investments aimed at strengthening Mallory's operations, technology, and team, while selectively acquiring similar operators to expand service capabilities and geographic reach [4] - Future investments in the logistics space will focus on visibility platforms, workforce training, and safety programs [4] Operational Strengths - Mallory Alexander, based in Memphis, Tennessee, has over 100 years of experience in logistics, specializing in freight forwarding, customs brokerage, warehousing, and distribution, with over two million square feet of warehouse space in the U.S. [5] - The company offers a wide range of domestic transportation services, including truck brokerage, intermodal, and domestic air [5] Commitment to Service and Growth - The partnership is expected to provide Mallory with the necessary resources to enhance technology and training while maintaining a customer-first service approach [6] - The focus will be on scaling thoughtfully and delivering stronger, more reliable solutions for customers globally [6]