C.H. Robinson Worldwide Inc
CHRW: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$58.00 | Rvqp | Nlpbrzkng |
C.H. Robinson Earnings: Freight Correction Challenging; Margins Disappoint Again
C.H. Robinson’s second-quarter gross revenue fell 35% year over year; below our forecast, on greater-than-expected volume declines in the truck brokerage division, or Nast. The theme these past several quarters is that retail-sector destocking (high inventories), sluggish industrial end markets, and loose transportation-industry capacity are driving down freight demand and customer pricing for Nast and global forwarding, especially relative to unusually robust levels a year ago.