C.H. Robinson Worldwide Inc
CHRW: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$11.00 | Xjgj | Vlqnbbjck |
C.H. Robinson Earnings: Freight Forwarding Correction in Full Force; Margins Disappoint
C.H. Robinson’s first-quarter gross revenue fell 32% year over year; below our forecast, on greater-than-expected pricing declines in the truck brokerage division, or NAST. In short, retail-sector destocking (high inventories), softening industrial end markets, and loosening transportation-industry capacity are driving down freight demand and customer pricing for NAST and global forwarding, especially relative to robust levels a year ago.