Stifel Financial sees an OK first quarter, but the picture gets less clear after that, with risks to second-quarter earnings estimates.
The city is at the center of the U.S. coronavirus epidemic, with 70 cases confirmed and 10 deaths.
C.H. Robinson is pushing back against a complaint, seeking class-action status, filed by more than a dozen growers that alleges the third-party logistics giant engaged in “deceptive business practices.”
Companies exposed to transportation, including 3PLs and freight tech startups, are adjusting to market realities.
Charley Dehoney writes about digital brokerages and what they really are and do…
Keeping track of all the outstanding content published on Freighwaves.com each week can prove daunting, and we do not want you to miss a beat. Every FreightWaves article is designed […]
On Friday’s What The Truck?!? we talk coronavirus, ELDs, freight forecasting and more
New technology, capital, and business models have changed the competitive landscape.
Robinson aggressively cut prices to hold truckload volumes steady and grow LTL volumes.
Roadrunner Transportation will be able to take a significant step in improving its balance sheet following its agreement to sell its Prime Distribution Services business to C.H. Robinson Worldwide (NASDAQ: […]
CVSA sets dates for Roadcheck and announces focus on driver requirements. Also, FedEx goes old school to build its future, Canada tackles USMCA approval and Democratic presidential candidates lay out their transportation plans.
C.H. Robinson President and CEO Bob Biesterfeld told FreightWaves that Robinson Labs will develop solutions, both technological and otherwise, for its customers, carriers and Robinson employees.
Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November […]
On today’s episode, Dooner and Chad will talk to C.H. Robinson President and CEO Bob Biesterfeld about the company’s new idea incubator, Robinson Labs. We’ll find out why one trucker thinks Amazon is working him like a “rented mule.” A new reason for Celadon’s bankruptcy is exposed. Walmart tells courts they’re being too literal.
C.H. Robinson is leveraging part of its $1 billion investment in tech to establish Robinson Labs, a technology innovation incubator.
With companies like Convoy achieving a $1 billion valuation in roughly four years, or publicly-traded companies like Uber and Amazon encroaching on the brokerage space, it is getting harder for […]
C.H. Robinson‘s commitment to innovation and technology secure it a spot in the top ten of the 2020 FreightTech 25 list.
Ben Thrower writes that venture capital funds continue to flow to digital freight brokerages, but legacy companies continue to fight back.
Moving to a fixed quarterly RFP program with brokers has added consistency, accuracy and reliability to Bumble Bee’s relationship with intermediaries
Freightquote by C.H. Robinson brings Robinson’s information advantage, capacity, and technology to small businesses.
Analysts now want CHRW to cut costs.
U.S. freight forwarders have increasingly embraced canines as part of their technology-driven air cargo security programs.
Biesterfeld: “We expect that North American routing guides will continue to reset at lower prices.”
Now Goldman thinks that ISM data won’t turn positive until Q2 2020.
The Backhaulers, Robinson, and Coyote veteran is back to build a brokerage on his own terms.
C.H. Robinson talked to thousands of shippers and carriers. What the company learned prompted them to invest $1 billion into technology.
Traditional freight brokerages are ramping up technological spending to keep pace with the industry.
Meier will work with Bobby Harris on developing and executing a long-term vision for BlueGrace.
CHRW is facing the toughest competitive landscape in decades, but still has a scale advantage and is investing in tech appropriately.
C.H. Robinson’s Bob Biesterfeld and Uber Freight’s Lior Ron will headline the Townhall Series at the upcoming CSCMP EDGE 2019 conference. The pair will discuss the changing nature of freight and address how technology is making that happen.
A round at this valuation puts Convoy one step closer to an IPO.
C.H. Robinson has executed thousands of shipments into Florida since Thursday.
Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.
Truckload volumes on a national basis have been trending 3% above 2018 levels for a week.
CHRW grew net income by 6.3% but increasing earnings per share by 8% with buybacks.
Alibaba re-arranges the US B2B e-commerce landscape by opening its platform to US sellers
Jordan Alliger rated UPS, FedEx, and J.B. Hunt ‘Buy’; XPO and C.H. Robinson ‘Neutral’; and Expeditors ‘Sell.’
Executives from C.H. Robinson discussed increasingly strict retail compliance programs and how to exceed expectations.
This morning (July 8) Morgan Stanley’s transports equities analysts cut their 12-month price targets for most of the companies they cover, but said that following the release of second quarter […]
Capitol Hill hearing took on lease-purchase agreements, truck size and weights
Commentary As digital freight brokerage apps learn to concentrate on driving user engagement and building dynamic marketplaces that adapt to user behavior, they will start to resemble social media networks […]
C.H. Robinson (Nasdaq: CHRW) added to its European business with the acquisition of an Italian truck brokerage. The Eden Prairie, Minnesota-based company announced it bought Dema Service S.p.A. Dema Service […]
The shadow of obsolescence seems to be hanging over freight brokerages, given the rise of digital load matching apps and other technologies. But industry veteran Andrew Clarke says he is […]
C.H. Robinson officials said their business model and technology has allowed the company to adapt through multiple cycles.
Widening margins in NAST, especially truckload brokerage, led the way for Robinson.
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.
The CFO of C.H Robinson talks about the importance of relationships, tech and data.
Keynotes will include Gary Vaynerchuk, David Rowan, Andrew Clarke, Shelley Simpson, and Brad Jacobs.
The goal of sanctions is to drive up the costs so that it’s no longer tenable to undertake illegal transfers. J.B. Hunt announces partnership with p44. Lithium boom raises questions. Industry incumbent C.H. Robinson doing big time tech.
Coming in at No. 9 on the Freight.Tech 25 list is C.H. Robinson (NASDAQ: CHRW), one of the tried-and-true providers in the freight space. Robinson’s Navisphere technology platform is part of the company’s commitment to providing solutions to its customers and carrier partners.
McKinsey, Goldman Sachs, Stifel Nicolaus, and Susquehanna are all in agreement that technology and data are critical for driving productivity in transportation and logistics companies. We survey recent research by the firms.
Wiehoff says demand should stay firm while supply comes on-stream. Firm posts strong Q3 results.
CH Robinson’s CEO sees a more balanced supply-demand scale next year.
Massive scale, cyclical and structural advantages, and best-in-class technology make C.H. Robinson a ‘buy’ despite a transports selloff, say analysts at Stifel and Goldman Sachs.
A panel of experts from all sides of the market confronts the driver squeeze, and says productivity improvements could be like adding new drivers.
A tanker barge operator, a Jones Act steamship line, and North America’s largest 3PL all posted big gains on the day, leading Dow Transports to a record intraday high against a softening broader equities market.
Goldman Sachs issued a report last week highlighting the risks to incumbent brokerages’ margins and market shares, with useful information about the brokerage landscape and recent developments in VC funding that have powered new entrants.
In their fifth round of funding, Brazil-based freight broker CargoX has raised an additional $60 million.
A staid and technology-averse industry is in the process of changing thanks to new entrants.
While technology startups have jumped into trucking with the latest and greatest solutions, the old guard, if you will, has not been sitting idly by. This week at the Great American Trucking Show in Dallas, C.H. Robinson is showing drivers its Navisphere apps and how they can help drivers and small fleets find freight success.
A very strong quarter for the 3PL, though a mixed message on the impact of ELD enforcement.
Without self-driving trucks, what is the point of Uber Freight?
Uber Freight is poised to rise quickly in the fragmented freight brokerage business, but there are some factors that could hinder its growth: limited market penetration of digital apps, the Uber Freight app’s weak intelligence into routes and hours of service, and incumbents’ tech investments.
Stifel resumed coverage of major 3PLs on Monday with a flurry of analyst notes: we report J. Bruce Chan’s key findings on XPO Logistics, CH Robinson, and Echo Global.
The incumbents are still way ahead. While C.H. Robinson’s scale and reach remain unmatched, a number of competitors have realized strong growth and have achieved significant scale over the past ten years.
Used truck prices are up sharply; C.H. Robinson isn’t worried about tech startups; CSX cuts costs and grows bottom line by 50%; Hapag-Lloyd bullish despite losses; CA makes pot shippers report to the Feds; the American economy isn’t overheating… yet.
FreightWaves adds stock tickers for publicly traded stocks in the freight space
Stifel says UPS is now under-priced; Hapag-Lloyd offers digital rates platform for its customers; the Hudson Tunnel revamp just got harder; freight brokers do record volumes in January.
Transport stocks were not immune to the big sell-off on Wall Street on Monday, with the Dow Jones Transport Index falling 336.77 points to 10,350.41, a 3.15% fall on the day.
FedEx Express has announced the second planned purchase upgrading its feeder fleet–a more powerful Cessna that can haul twice the freight and fly faster than the old Caravan 208s.
C.H. Robinson, a world-leading third-party logistics (3PL) provider, announced today that it has joined the Blockchain in Trucking Alliance (BiTA) to influence the development of blockchain standards and applications in the transportation business.
C.H. Robinson will implement Omnitracs’ Virtual Load View (VLV) application as it seeks ways to improve visibility into load tracking. The system will run alongside C.H. Robinson’s own Navisphere system.
Much has been written about the death of freight brokerages and 3PLs. This is wrong. The 3PL industry is about to change- but it won’t meet its death. It will get bigger and more important as the next generation of digitization takes place.
C.H. Robinson has acquired Milgram & Company, a Canadian provider of freight forwarding, customs brokerage, and surface transportation. C.H. Robinson paid approximately $50 million in cash for the company.
One20 has partnered with C.H. Robinson to offer its F-ELD logging device to C.H. Robinson carriers at a discount. Those carriers also have access to One20’s membership benefits in a partnership that should help everyone involved.
After a start to earnings season that saw both J.B. Hunt and C.H. Robinson miss expectations, transport stocks received a boost as both Werner Enterprises and Swift Transportation reported better-than-expected reports.
C.H. Robinson’s second quarter earnings report missed Wall Street estimates, in large part because of the rise in spot rates in the quarter which compressed margins, even though the company reported a rise of truckload and less-than-truckload volume.
