Despite a crash in truckload spot prices (approximately 50% of ECHO revenue), the freight brokerage beat analyst expectations.
The technology company will focus on appointment-making, track-and-trace, and eliminating paperwork.
The Chicago-based freight brokerage is operating at a $100 million run rate.
Insurgent digital brokerage apps are increasing their share of downloads while load boards are largely stagnant.
Human Rights Campaign survey shows most, least LGBTQ-friendly companies
Scott Hagen, the Corporate Controller, will be the interim CFO, and Robinson Fresh will be lumped in with ‘Other’ services in CHRW’s financial reporting.
The former CFO of Forward Air, CEO of Panther Expedited, and CFO of C.H. Robinson hits the open market.
The latest economic projections from the Organization of Economic Co-operation and Development predict a global slow down in trade. Acquiring a new business in this climate is a challenge that CH Robinson has accepted.
The credit metrics for XPO have weakened but are still good enough for a BB rating.
Trucking-as-a-service is poised to break out into 5x growth over the next five years, says Frost & Sullivan.
CHRW fills out geographical white space and adds density to its Transatlantic forwarding business after turning the corner on the Milgram & Co. integration.
Freight Alley in Chattanooga was the scene on the afternoon of February 21, when executives from FreightWaves, Nodal Exchange, DAT and K-Ratio presented the Trucking Freight Futures roadshow. Trucking Freight Futures debut on the Nodal Exchange on March 29.
Robinson sees low to mid single-digit contract gains, soft spot pricing, Biesterfeld says.
Bob Biesterfeld will succeed John Wiehoff as CEO of C.H. Robinson, one of the world’s largest third-party logistics companies.
There are a lot of companies out there and it’s a number that is likely to shrink, according to the panel. Also on the agenda: blockchain and making yourself stand out in a crowded field.
After a day of choppy trading, a consensus seemed to emerge that CHRW was well-positioned to grow net revenues even in a re-balancing freight market.
CHRW grew earnings per share by 24%, top line revenue by 4.5%; and net revenues by 13%.
David Rowan, founder and editor-at-large for Wired UK, will deliver a keynote address on Day Two of the upcoming Transparency19 conference.
Asset-based carriers think contract rates are going up; brokers think they’re going down.
Morgan Stanley likes asset-based carriers while Stifel is bullish on 3PLs, and the banks don’t agree on what the business risks to C.H. Robinson are.
