C.H. Robinson Worldwide Inc
CHRW: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $79.00 | Mmz | Cgbkcsfjl |
C.H. Robinson Earnings: Freight Correction Challenging; Margins Disappoint Again
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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.