C.H. Robinson’s 1Q Margins Hit Near-Term Headwinds, but Brokerage Backdrop to Remain Robust in 2018
Wide-moat C.H. Robinson posted solid 15% gross-revenue growth in the first quarter, ahead of our expected run rate for the year because of stronger-than-expected sell-rates to shippers (customers), which more than offset softer-than-anticipated core truckload volume. On the other hand, gross-profit margins on truckload business came in shy of our forecast because of a big spike in rates paid to carriers for capacity (the largest rise in the firm’s history). However, because our longer-term midcy...Robinson (C.H.) Worldwide is a third party logistics company. The company provides freight transportation services and logistics solutions to companies. The company's segments are: North American Surface Transportation, which provides freight transportation services across North America through a network of offices; and Global Forwarding, which provides global logistics services through an international network of offices and also contracts with independent agents; and All Other and Corporate, which includes Robinson Fresh? that provides sourcing services including the buying, selling, and marketing of fresh fruits, vegetables, and other perishable items, and managed services that provides Managed TMS?.
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