UP!

CHRW $102.36   View long term graphs

C.H. Robinson
Type
Public
Traded as NASDAQ: CHRW
DJTA Component
S&P 500 Component
Industry Transportation
Founded Grand Forks, North Dakota (1905)
Founder Charles Henry Robinson
Headquarters Eden Prairie, Minnesota, U.S.
Key people
John Wiehoff
(Chairman and CEO)
Revenue IncreaseUS$13.47 billion (2015)
Operating income
IncreaseUS$858.31 million (2015)
Net income
IncreaseUS$509.69 million (2015)
Total assets DecreaseUS$3.18 billion (2015)
Total equity IncreaseUS$1.15 billion (2015)
Number of employees
13,159 (2015)
Website www.chrobinson.com

C.H. Robinson is a Fortune 500 provider of multimodal transportation services and third-party logistics (3PL). The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.

The company is headquartered in Eden Prairie, MN, with more than 280 offices and over 11,500 employees in North America, Europe, Asia, and South America. The company has contractual relationships with over 66,000 transportation companies, including motor carriers, railroads, air freight, and ocean carriers. The company also provides services including supply chain analysis, freight consolidation, core carrier program management, and information reporting. C.H. Robinson also has a brand, Robinson Fresh, through which it engages in buying, selling, and marketing fresh produce and products. Robinson Fresh buys and sells fresh produce to grocery retailers, restaurants, produce wholesalers, and foodservice distributors through a network of independent produce growers and suppliers.

C.H. Robinson handled 14.3 million shipments and worked with more than 46,000 customers in 2014. C.H. Robinson's transportation of goods accounts for about 94% of its gross net revenues with the remainder coming from sourcing and marketing fresh produce.

C.H. Robinson is a Fortune 500 company and is consistently ranked by Fortune and CNN as one of the world’s Most Admired Companies in Trucking, Transportation, Logistics."C.H. Robinson Worldwide" (PDF). Armstrong & Associates, Inc. Retrieved 18 December 2013. </ref> It has been on the Fortune 500 list every year since 2002, and from 2011 to 2015, C.H. Robinson was ranked the Top 3PL by Inbound Logistics.

The company has consistently been recognized for its workplace and employee benefits, and was named the No. 2 Large Company in the 2014 Best Places to Work ranking by the Minneapolis/St. Paul Business Journal. C.H. Robinson has been named a Top 10000 Large Company in Minneapolis/St. Paul Business Journal’s Best Places to Work rankings every year since 2006. In 2013, the company earned a spot on Top Workplaces’ Top 150–National Top Workplaces 2013. The Star Tribune has recognized C.H. Robinson as a Top Workplace in several of the past 10 years, and in 2014 recognized the company as a “workplace achiever.”

The company’s work with nonprofits and other charity and community causes has also earned numerous recognitions, including selection as a finalist for the Minnesota Business Magazine 2015 Long-Term Achievement Award for “demonstrating a long-term commitment (at least 10 years) to positively impacting the state’s community of nonprofits or other worthy causes.” In 2014, Minnesota Business Magazine awarded its Workplace Giving Campaign Award to C.H. Robinson. The company also received a Hunger Hero Award from Second Harvest Heartland in 2014, recognizing C.H. Robinson’s “compassionate and transformational impact on those who are hungry in the heartland.”

In the early 1900s, Charles Henry Robinson owned a small wholesale brokerage house that provided produce throughout North Dakota and Minnesota. He partnered with the Nash Finch brothers on April 11, 1905, and became the company’s first president. Nash Finch Company was the leading wholesaler in the region, owning and operating grocery stores. Following Charles Henry Robinson’s death in 1909, the Nash Brothers assumed control of the C.H. Robinson Company.

C.H. Robinson became the procurement arm for Nash Finch Company as it rapidly expanded in Iowa, Minnesota, Wisconsin, Illinois, and Texas. In the 1940s, the FTC found Nash Finch Company to have a price advantage, and under the Robinson-Patman Act of 1936, C.H. Robinson Co. was split into two companies. The first, C.H. Robinson Co., was formed by the offices that sold produce to Nash Finch’s warehouses, and ownership was retained by C.H. Robinson employees. The second company, C.H. Robinson, Inc., was still owned by Nash Finch.

C.H. Robinson’s entry into the trucking business came after the Federal Highway Act of 1956 expanded interstate commerce and the roadways of America. C.H. Robinson and other shippers had previously relied on trains to transport goods. In 1968, the firm entered the regulated truck business as a contract carrier named Meat Packers Express based in Omaha, Nebraska. Robco Transportation Inc. was formed by merging Meat Packers Express with additional carriers three years later and was sold in 1986.

In the mid-1960s, C.H. Robinson Co. and C.H. Robinson, Inc., consolidated their operations under the name C.H. Robinson Co. Nash Finch still held a 25% stake in the brokerage company, with C.H. Robinson employees owning the remainder. By 1976, the Nash Finch shares had been bought out and the company was 100% employee owned. C.H. Robinson focused on using emerging technology, and adopted IBM mainframes in 1979.

The Motor Carrier Act of 1980 deregulated transportation industries in America and increased competition for logistics providers and shippers. C.H. Robinson created a contract carrier program, expanded its freight contract operations, and established itself as a middleman sourcing operation for virtually all shippable goods. The company’s average annual growth, measured by truckloads, doubled and C.H. Robinson posted more than $700 million in sale within five years. Forty per cent was generated by truck brokerage, with the remainder of revenue coming from produce sales.

The company renamed itself C.H. Robinson Worldwide, Inc., in 1997 and had an IPO that raised $190 million for the 101 employees who sold their shares. The initial market value totaled $743 million, and the firm began trading on NASDAQ under the symbol CHRW. Gross revenues for 1997 reached $1.79 billion, while net revenues amounted to $206 million, a 15.1% increase over the previous year.

Beginning in 1989, C.H. Robinson began expanding its international logistics operations with the opening of its Monterrey, Mexico office. It acquired C.S. Greene International in 1992 to add international freight forwarding, air freight operations, and refrigerated containers. In 1993, C.H. Robinson bought a 30% stake in Transeco, a major French motor carrier, and eventually bought the entire company. C.H. Robinson enhanced its operations by purchasing companies including Daystar International, a distributor of fruit juice, and FoodSource. It also became an exclusive marketer for Tropicana, Motts, Glory and Welch’s.

The company continued expanding its logistics services by purchasing regional logistics firms like the Chicago-based American Backhaulers, Inc., for $136 million in 1999 and the Minnesota-based Trans-Consolidated Inc.

At the end of the 1990s, the company began making targeted acquisitions to broaden its global presence and position it to better deliver shipping and logistics services in international markets. These acquisitions include: Preferred Translocation Systems; the Argentina-based Comexter Group; the Western European transportation provider Norminter; New York-based Vertex Transportation Inc.; Smith Terminal International Services, one of the largest third-party logistics providers in Florida; the Germany-based international freight logistics provider Frank M. Viet GmbH Internationale Spedition; Dalian Decheng Shipping Agency Co.; FoodSource Procurement LLC; Apreo Logistics S.A.; and other major European, Indian, Chinese, and North American logistics providers.

In 2012, C.H Robinson purchased Phoenix International for $635 million and doubled its ocean freight capacity. The company also acquired the Polish shipping firm Apreo Logisitics S.A., which provides trucking, air, and ocean shipping services throughout Europe.

The company launched a technology-enabled platform called Navisphere in 2012. The service provides facilities to C.H. Robinson employees, customers, and service providers to manage supply chain logistics, transportation, and sourcing activities on a global scale.

TMC, a division of C.H. Robinson, provides support for C.H. Robinson’s network through its Managed TMS a combination of global transportation management system (TMS) software and logistics process management.

To connect its shipping and logistics services with the global e-commerce market and expand its opportunities in less than truckload markets, the company acquired Freightquote, a privately owned online transportation broker that provides shipping rate comparisons for national and regional freight carriers, in 2015.

News

C.H. Robinson Worldwide, Inc. 0.55% (industrials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-01-26 Future report Set alerts
Q3 2020 2020-10-27 Future report Set alerts
Q2 2020 2020-07-28 1.06 1.06
Q1 2020 2020-04-28 0.57 0.57
Q4 2019 2020-01-28 0.73 0.73
Q3 2019 2019-10-29 1.07 1.07
Q2 2019 2019-07-30 1.22 1.22
Q1 2019 2019-04-30 1.16 1.16
Q4 2018 2019-01-29 1.34 1.34
Q3 2018 2018-10-30 1.25 1.25

Ratings

2016-07-11 Initiated Coverage JPMorgan Chase & Co. Underweight to Underweight $66.00
2016-04-28 Downgrade Stephens Overweight to Equal Weight $76.00
2016-04-27 Reiterated Rating Cowen and Company Market Perform $69.00 to $71.00
2016-04-27 Downgrade BB&T Corp. Buy to Hold
2016-04-26 Reiterated Rating Morgan Stanley Sell
2016-04-21 Boost Price Target Buckingham Research Buy $80.00 to $83.00
2016-04-14 Upgrade KeyBanc Sector Weight to Overweight $82.00
2016-04-14 Upgrade KeyCorp Sector Weight to Overweight $82.00
2016-04-04 Boost Price Target Robert W. Baird $70.00 to $78.00
2016-04-01 Downgrade Wolfe Research Outperform to Hold
2016-03-07 Downgrade BMO Capital Markets Outperform to Market Perform $72.00 to $74.00
2016-02-11 Upgrade Buckingham Research Neutral to Buy $65.00 to $80.00
2016-02-04 Lower Price Target Susquehanna Neutral $76.00 to $74.00
2016-02-04 Boost Price Target Barclays Overweight $72.00 to $75.00
2016-02-04 Upgrade Raymond James Market Perform to Outperform
2016-02-04 Boost Price Target Barclays PLC Overweight $72.00 to $75.00
2016-02-04 Upgrade Raymond James Financial Inc. Market Perform to Outperform
2016-02-03 Reiterated Rating Oppenheimer Market Perform
2016-02-03 Reiterated Rating Oppenheimer Holdings Inc. Market Perform
2016-01-15 Lower Price Target Evercore ISI $79.00 to $75.00
2016-01-11 Lower Price Target Deutsche Bank Hold $75.00 to $70.00
2016-01-11 Lower Price Target Deutsche Bank AG Hold $75.00 to $70.00
2016-01-07 Upgrade RBC Capital Sector Perform to Outperform $72.00 to $75.00
2016-01-07 Upgrade Royal Bank Of Canada Sector Perform to Outperform $72.00 to $75.00
2015-12-18 Lower Price Target Robert W. Baird $74.00 to $64.00
2015-12-16 Upgrade Stifel Nicolaus Hold to Buy $78.00
2015-12-15 Initiated Coverage Buckingham Research Neutral $63.00
2015-12-09 Initiated Coverage BMO Capital Markets Outperform $70.00
2015-12-02 Downgrade Bank of America Neutral to Underperform $73.00 to $66.00
2015-12-02 Downgrade Bank of America Corp. Neutral to Underperform $73.00 to $66.00
2015-10-29 Boost Price Target Susquehanna Neutral $75.00 to $76.00
2015-10-29 Lower Price Target Deutsche Bank Hold $76.00 to $75.00
2015-10-29 Lower Price Target Cowen and Company Market Perform $74.00 to $71.00
2015-10-13 Boost Price Target Robert W. Baird $72.00 to $74.00
2015-09-30 Downgrade Goldman Sachs Neutral to Sell $70.00
2015-09-30 Downgrade Goldman Sachs Group Inc. Neutral to Sell $70.00
2015-09-28 Upgrade BB&T Corp. Hold to Buy $81.00
2015-09-02 Upgrade Wolfe Research Peer Perform to Outperform
2015-08-19 Initiated Coverage FinnCap
2015-08-18 Initiated Coverage Evercore ISI Buy $81.00
2015-07-29 Boost Price Target Cowen and Company Market Perform $70.00 to $74.00
2015-07-29 Boost Price Target Barclays Overweight $72.00 to $74.00
2015-07-29 Reiterated Rating Oppenheimer Market Perform
2015-07-16 Lower Price Target Barclays Overweight $77.00 to $72.00
2015-06-16 Boost Price Target Robert W. Baird Neutral $68.00 to $70.00
2015-05-04 Reiterated Rating Susquehanna Neutral $80.00 to $72.00
2015-05-02 Reiterated Rating BB&T Corp. Hold
2015-04-30 Lower Price Target Deutsche Bank Hold $74.00 to $70.00
2015-04-29 Upgrade Avondale Partners Market Perform to Outperform
2015-04-29 Downgrade Bank of America Buy to Neutral
2015-04-29 Lower Price Target RBC Capital Sector Perform $74.00 to $68.00
2015-04-28 Upgrade Stifel Nicolaus Sell to Hold
2015-04-28 Reiterated Rating Oppenheimer Market Perform
2015-04-28 Lower Price Target Barclays Overweight $80.00 to $77.00
2015-04-28 Reiterated Rating Citigroup Inc. Neutral $76.00 to $72.00
2015-03-11 Downgrade Cleveland Research Buy to Neutral
2015-02-05 Lower Price Target RBC Capital Sector Perform $80.00 to $74.00
2015-02-04 Downgrade BB&T Corp. Buy to Hold $80.00
2015-01-15 Reiterated Rating Deutsche Bank Hold $71.00 to $75.00
2015-01-12 Upgrade Barclays Equal Weight to Overweight $70.00 to $80.00
2015-01-08 Upgrade Stephens Equal Weight to Overweight
2015-01-06 Upgrade Goldman Sachs Sell to Neutral $68.00 to $74.00
2015-01-06 Upgrade RBC Capital Underperform to Sector Perform $73.00 to $80.00
2014-12-10 Initiated Coverage Nomura Neutral $72.00
2014-12-10 Initiated Coverage Nomura Holdings Inc. Neutral $72.00
2014-12-03 Boost Price Target Credit Suisse Underperform $65.00 to $67.00
2014-12-03 Boost Price Target Bank of America Buy $84.00 to $85.00
2014-12-03 Boost Price Target Credit Suisse Group AG Underperform $65.00 to $67.00
2014-12-02 Boost Price Target Cowen and Company Market Perform $72.00 to $74.00
2014-10-30 Downgrade Wolfe Research Market Perform
2014-10-30 Reiterated Rating Deutsche Bank Hold $63.00 to $69.00
2014-10-30 Boost Price Target RBC Capital Underperform $62.00 to $70.00
2014-10-30 Downgrade Buckingham Research Buy to Neutral $75.00 to $77.00
2014-10-30 Downgrade Credit Suisse Neutral to Underperform $68.00 to $65.00
2014-10-29 Reiterated Rating Citigroup Inc. Neutral $68.00 to $74.00
2014-10-29 Upgrade Bank of America Neutral to Buy
2014-10-15 Upgrade Macquarie Underperform to Neutral $57.00 to $64.50
2014-10-01 Initiated Coverage Barclays Market Perform $69.00 to $71.00
2014-09-30 Initiated Coverage Wells Fargo & Co. Market Perform
2014-09-30 Initiated Coverage Wells Fargo Market Perform
2014-09-10 Initiated Coverage Barclays Equal Weight $70.00
2014-09-03 Downgrade Stifel Hold to Sell $55
2014-09-03 Downgrade Stifel Nicolaus Hold to Sell $57.00 to $55.00
2014-07-31 Reiterated Rating Credit Suisse Neutral $59.00 to $65.00
2014-07-31 Reiterated Rating Deutsche Bank Hold $62.00 to $63.00
2014-07-31 Boost Price Target Cowen and Company Market Perform $62.00 to $72.00
2014-07-31 Upgrade Edward Jones Sell to Hold
2014-07-30 Reiterated Rating Citigroup Inc. Neutral $60.00 to $68.00
2014-07-30 Upgrade Bank of America Underperform to Neutral $52.00 to $68.00
2014-07-22 Boost Price Target Deutsche Bank $59.00 to $62.00
2014-07-15 Reiterated Rating Deutsche Bank Hold $58.00 to $59.00
2014-07-11 Boost Price Target Credit Suisse $56.00 to $59.00
2014-06-19 Boost Price Target BB&T Corp. $69.00
2014-05-27 Reiterated Rating Citigroup Inc. Hold $57.00 to $60.00
2014-05-01 Reiterated Rating Deutsche Bank Hold $58.00
2014-05-01 Reiterated Rating Buckingham Research Buy $70.00
2014-04-25 Upgrade BB&T Corp. Buy
2014-04-11 Reiterated Rating Deutsche Bank Hold $57.00 to $56.00
2014-04-11 Upgrade BB&T Corp. Hold to Buy $63.00
2014-03-31 Upgrade FBR & Co. Underperform to Market Perform $52.00
2014-02-07 Upgrade Stifel Nicolaus Sell to Hold
2014-02-06 Lower Price Target Wunderlich Hold $64.00 to $58.00
2013-12-11 Initiated Coverage KeyBanc Hold
2013-12-06 Downgrade Sanford C. Bernstein Outperform to Market Perform $68.00 to $63.00
2013-11-20 Reiterated Rating Citigroup Inc. Neutral $60.00 to $57.00
2013-11-20 Downgrade Deutsche Bank Buy to Hold $65.00 to $60.00
2013-11-12 Lower Price Target Sanford C. Bernstein Outperform $72.00 to $68.00
2013-11-07 Lower Price Target Deutsche Bank Buy $68.00 to $65.00
2013-11-07 Boost Price Target FBR & Co. Underperform $48.00 to $52.00
2013-11-06 Lower Price Target Cowen and Company Market Perform $56.00 to $54.00
2013-11-04 Boost Price Target Sanford C. Bernstein Outperform $66.00 to $72.00
2013-10-07 Downgrade Macquarie Neutral to Underperform $59.50 to $54.00
2013-09-30 Downgrade RBC Capital Sector Perform to Underperform $58.00
2013-02-06 Reiterated FBR Capital Outperform $69 to $80
2012-07-25 Reiterated Wunderlich Hold $68 to $60
2016-07-11 Initiated Coverage JPMorgan Chase & Co. Underweight to Underweight $66.00
2016-04-28 Downgrade Stephens Overweight to Equal Weight $76.00
2016-04-27 Reiterated Rating Cowen and Company Market Perform $69.00 to $71.00
2016-04-27 Downgrade BB&T Corp. Buy to Hold
2016-04-26 Reiterated Rating Morgan Stanley Sell

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
WIEHOFF JOHN CEO 0.49%  (724680) CHRW / DCI / PII /
WALKER MARK A Vice President 0.18%  (270255) CHRW /
LEMKE JAMES Senior Vice President 0.12%  (175830) CHRW /
LINDBLOOM CHAD VP, Chief Financial Officer 0.09%  (126539) CHRW / SYX / XRSC /
Rambaud Stephane Senior Vice President 0.06%  (89758) CHRW /
EZRILOV ROBERT 0.06%  (88636) CHRW /
Foe Bryan President-C.H. Robinson Europe 0.06%  (86265) CHRW /
MAHLKE TOM Vice President and CIO 0.03%  (49921) CHRW /
OBRIEN CHRIS Senior Vice President 0.03%  (44921) CHRW /
Campbell Ben G VP-General Counsel & Secretary 0.02%  (30417) CHRW /
FORTUN WAYNE M 0.02%  (24658) CHRW / GK / HTCH /
Kass Jordan T President, Managed Services 0.02%  (23149) CHRW /
SHORT BRIAN 0.01%  (21672) CHRW /
Freeman Angela K. Vice President-Human Resources 0.01%  (21615) CHRW /
Short Michael John President, Global Forwarding 0.01%  (15861) CHRW /
Biesterfeld Robert C Jr President, N American Surface 0.01%  (14323) CHRW /

Comments