Why C.H. Robinson Stock Is in the Fast Lane Today
C.H. Robinson(CHRW) The Motley Fool·2024-08-01 23:31
Strong cost control drives an earnings beat. Transportation logistics specialist C.H. Robinson Worldwide (CHRW 14.86%) used tight cost control to deliver an earnings beat. Investors are celebrating the success, sending shares of Robinson up 15% as of 10:30 a.m. ET. Executing through the cycle It is a difficult operating environment for transportation companies. Economic concerns have caused big shipping customers to cut back, softening demand for transport services. C.H. Robinson appears to be handling the ...