C.H. Robinson Worldwide Inc

CHRW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$84.00	Nxxbx	Hytxdfdr

C.H. Robinson Earnings: Truck Brokers Still Navigating Headwinds, but Firm's Execution Improving

Matthew Young

May 2, 2024

C.H. Robinson’s first-quarter gross revenue fell 4% year over year, but NAST-segment (truck brokerage) declines moderated materially, and air and ocean forwarding trends flipped positive. Revenue came in slightly above our forecast, especially for global forwarding, which improved more than we expected on a spike in ocean pricing driven by Red Sea-related capacity disruptions.

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