C.H. Robinson Stock Soars as Cost Controls Lift Freight Transporter's Earnings
FRGTFr8Tech(FRGT) Investopedia·2024-08-02 07:02

Key TakeawaysC.H. Robinson Worldwide shares soared after the freight transportation firm topped estimates with its second-quarter profits.The logistics firm has implemented a new operating model to reduce costs as it navigates the macroeconomic challenges facing the shipping industry.Analysts reacted favorably to the financial results, with BMO Capital Markets boosting its price target on C.H. Robinson stock. C.H. Robinson Worldwide (CHRW) shares delivered major gains after the freight transportation and lo ...