C.H. Robinson Worldwide Inc

CHRW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$43.00	Skc	Pxgbdfnqvn

C.H. Robinson Earnings: Soft Retail and Industrial End Markets Continue to Pressure Results

Matthew Young

Nov 2, 2023

C.H. Robinson’s third-quarter gross revenue fell 28% year over year, below our forecast, on greater-than-expected volume declines in the truck brokerage division, or NAST. The theme this year is that muted retail sector restocking, soft industrial end markets, and excess transportation industry capacity are driving down freight demand and customer pricing for NAST and global forwarding, especially relative to still-elevated levels a year ago.

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