The Truck Brokerage Landscape Shows Progress in C.H. Robinson’s 3Q
Wide moat C.H. Robinson’s third-quarter gross revenue increased 13% year over year, slightly ahead of our forecast due to global forwarding strength. The gross revenue increase stems from tuck-in acquisitions, organic global forwarding growth, and (we suspect) solid spot pricing gains in the flagship truck brokerage operations.ÂTotal net revenue grew 4% organically; below gross-revenue growth because of continued truck-brokerage gross-margin compression, which has been a key investor concern. H...
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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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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