C.H. Robinson (CHRW) Grapples With Challenging Freight Market
C.H. Robinson(CHRW) Zacks Investment Research·2024-02-07 02:01
C.H. Robinson Worldwide, Inc. (CHRW) continues to grapple with lower pricing in the ocean and truckload services and overall weak freight demand.C.H. Robinson reported lower-than-expected fourth-quarter 2023 results. Quarterly earnings of 50 cents per share missed the Zacks Consensus Estimate of 80 cents and declined year over year. Total revenues of $4,221.9 million also lagged the Zacks Consensus Estimate of $4,352.1 million and declined 16.7% year over year owing to lower pricing in the company’s ocean a ...