C.H. Robinson Worldwide, Inc. (CHRW)

Sector: Industrials|Industry: Integrated Freight & Logistics|Market Cap: $12.24B|Employees: 15K

C.H. Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services. It also provides customs brokerage services; and other logistics services, such as fee-based managed, warehousing, small parcel, and other services. It has contractual relationships with approximately 45,000 transportation companies, including motor carriers, railroads, and ocean and air carriers. In addition, the company is involved in the buying, selling, and/or marketing of fresh fruits, vegetables, and other value-added perishable items under the Robinson Fresh brand name. Further, the company offers transportation management services or managed TMS; and other surface transportation services. It provides its fresh produce to grocery retailers, restaurants, produce wholesalers, and foodservice distributors through a network of independent produce growers and suppliers. The company was founded in 1905 and is headquartered in Eden Prairie, Minnesota.

  1. Filings
  2. Company Profile

Business Summary

C.H. Robinson is a global logistics company that connects customers, carriers, and suppliers. They offer multi-modal services, combining expertise and technology to manage complex supply chains. The company operates in North America, Europe, Asia, Oceania, South America, and the Middle East.

Key Statistics

  • Employees: 15,246 (as of December 31, 2023)
  • Geographic Footprint: 39 countries
  • Headquarters: Eden Prairie, Minnesota
  • Founded: 1905
  • Number of locations/facilities: Approximately 250 office locations and 23 warehouse locations
  • Revenue: $17.6 billion (FY2023)
  • Key Subsidiaries/Brands: Robinson Fresh

Leadership

  • CEO: David P. Bozeman
  • CFO: Michael P. Zechmeister
  • Chief Legal Officer: Ben G. Campbell
  • President of NAST: Michael Castagnetto
  • Chief Human Resources and ESG Officer: Angela K. Freeman
  • Chief Operating Officer: Arun Rajan
  • President of Global Freight Forwarding: Michael J. Short

Key leaders have extensive experience in logistics, technology, and finance. Michael P. Zechmeister will retire no later than May 31, 2024.

Key Financial Metrics

  • Annual Revenue: $17.6 billion (FY2023)
  • Net Income: $325.1 million
  • Total Assets: $5.2 billion
  • Number of employees: 15,246 (as of December 31, 2023)
  • Key Financial Highlights: Revenue decreased by 28.7% and net income decreased by 65.4% compared to the prior year.

Products and Services

C.H. Robinson provides a range of logistics and transportation services:

  • Truckload: Connects customers with motor carriers for various capacity needs.
  • LTL: Manages less-than-truckload shipments, consolidating freight.
  • Ocean: Provides ocean freight services as a licensed NVOCC and freight forwarder.
  • Air: Organizes air shipments as a certified Indirect Air Carrier and freight forwarder.
  • Customs: Offers customs brokerage services.
  • Other Logistics Services: Includes intermodal, managed services, warehousing, and small parcel.
  • Robinson Fresh: Sourcing services for fresh fruits, vegetables, and other perishable items.

Key Business Segments

The company operates through two main reportable segments:

  • North American Surface Transportation (NAST): Provides transportation services across North America.
  • Global Forwarding: Offers logistics services through an international network.
  • All Other and Corporate: Includes Robinson Fresh, Managed Services, and other operations.

Business Strategy

C.H. Robinson focuses on using technology and data to deliver solutions. Their strategy revolves around:

  • Customer Focus: Building long-term relationships and providing a full range of logistics services.
  • Technology and Innovation: Investing in technology to improve supply chain performance.
  • Global Network: Leveraging a global platform to connect customers and carriers.
  • Sustainability: Working to reduce environmental impact and support customer sustainability goals.

Industry Context

The transportation services industry is highly competitive and fragmented. C.H. Robinson competes with:

  • Key Competitors: Technology-based service companies, trucking companies, freight brokers, and carriers offering logistics services.
  • Market Trends: The industry is influenced by economic conditions, seasonal changes, and technological advancements.
  • Market Position: One of the largest global logistics platforms.

Risk Factors

  • Economic Risks: Economic recessions and market volatility can impact freight volumes and pricing.
  • Competition: The industry is highly competitive, which can pressure rates and margins.
  • Operational Risks: Dependence on third-party transportation providers and potential disruptions in the supply chain.
  • Technology Risks: Reliance on technology and potential cybersecurity threats.
  • Regulatory Risks: Exposure to various federal, state, and international regulations.

Last Updated

2024-02-16

(Generated from latest 10-K filing)