C.H. Robinson's Growth Trajectory Will Moderate in 2019, but We Expect Continued Strong Execution
Wide-moat logistics specialist C.H. Robinson’s first-quarter consolidated gross revenue declined roughly 4.5%, slightly below our expected run rate as pricing to shippers on truckload business in the North American Surface Transportation (NAST) segment pulled back more than we were expecting. Some of that is simply noise from very difficult comparisons (the truckload capacity crunch drove robust rate gains in early 2018), but it sounds like freight demand has moderated more than we were original...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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