olivLaw · US equity research
C.H. Robinson Worldwide, Inc. CHRW
Arrangement of Transportation of Freight & Cargo · SIC 4731 · Vertical: Arrangement of Transportation of Freight & Cargo (SIC 4731)
C.H. Robinson is one of the largest global logistics providers, arranging freight by truckload, LTL, ocean and air, with proprietary Lean AI technology. Total revenues reached 16.2 billion USD in fiscal 2025, and in the second quarter of 2026 quarterly revenue rose 19.3 percent, even as freight demand stayed weak and truck capacity tightened.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 03 Nov 2026, C.H. Robinson Worldwide, Inc. (CHRW) stock was 133.51 USD (+3.73% on the day), with market capitalisation 15.5 bn USD, P/E 24.0 on diluted EPS of 5.57 USD over the last 12 months, dividend yield 1.89%, beta 0.68, 52-week range 124.61–209.42 USD. Latest reported quarter (Q3 2026): revenue of 5.4 bn USD (+29.5% YoY), net income of 198.5 m USD (+21.8% YoY), diluted EPS 1.67 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 43.7
- weak (30–45)
- Bollinger (20, 2)
- 125.96 – 148.92
- in the lower half of the band · %B 0.33 · band width 16.7%
- SMA 50 / 200
- 144.83 / 169.09
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -4.42 / -3.67
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −15.3% | −2.0% | −13.4 pp | — |
| 3 months | −13.7% | −2.2% | −11.6 pp | — |
| 6 months | −20.1% | +4.3% | −24.4 pp | — |
| Year to date | −17.0% | +10.6% | −27.5 pp | — |
| 1 year | −12.3% | +10.5% | −22.7 pp | −52.6% |
| 3 years | +63.4% | +73.7% | −10.2 pp | −74.3% |
| 5 years | +39.0% | +61.7% | −22.7 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.2 bn | 4.0 bn | 4.1 bn | 4.1 bn | 3.9 bn | 4.0 bn | 4.9 bn | 5.4 bn |
| Operating income | 183.8 m | 176.9 m | 215.9 m | 220.8 m | 181.4 m | 175.7 m | 255.7 m | 271.8 m |
| Depreciation & amortisation | 24.3 m | 25.6 m | 24.9 m | 25.8 m | 26.5 m | 24.9 m | 22.6 m | 23.8 m |
| Pre-tax income | 168.4 m | 156.8 m | 193.9 m | 205.2 m | 166.5 m | 166.7 m | 237.9 m | 250.1 m |
| Income tax | 19.1 m | 21.5 m | 41.4 m | 42.2 m | 30.2 m | 19.4 m | 51.1 m | 51.6 m |
| Net income | 149.3 m | 135.3 m | 152.5 m | 163.0 m | 136.3 m | 147.2 m | 186.8 m | 198.5 m |
| Diluted EPS | 1.22 ≈ | 1.11 | 1.26 | 1.34 | 1.12 ≈ | 1.22 | 1.56 | 1.67 |
| Operating cash flow | 267.9 m | 106.5 m | 227.1 m ≈ | 275.4 m ≈ | 305.4 m | 68.6 m | 35.9 m ≈ | 124.1 m ≈ |
| Capex | 2.7 m | 3.3 m | 7.3 m ≈ | 6.0 m ≈ | 3.0 m | 2.6 m | 5.0 m ≈ | 3.6 m ≈ |
| Dividends paid | 74.5 m | 77.5 m | 74.9 m ≈ | 74.7 m ≈ | 74.3 m | 79.0 m | 75.3 m ≈ | 74.8 m ≈ |
| Share repurchases | 0 | 47.7 m | 81.1 m ≈ | 111.5 m ≈ | 114.4 m | 212.7 m | 219.5 m ≈ | 207.7 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 64 percentile of its own 44-quarter history (min 11.7, median 21.5, max 38.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16.6 bn | 15.3 bn | 16.2 bn | 23.1 bn | 24.7 bn | 17.6 bn | 17.7 bn | 16.2 bn |
| Revenue YoY | +11.8% | −7.9% | +5.9% | +42.5% | +6.9% | −28.7% | +0.7% | −8.4% |
| Net income | 664.5 m | 577.0 m | 506.4 m | 844.2 m | 940.5 m | 325.1 m | 465.7 m | 587.1 m |
| Net income YoY | +31.6% | −13.2% | −12.2% | +66.7% | +11.4% | −65.4% | +43.2% | +26.1% |
| Diluted EPS | 4.73 | 4.19 | 3.72 | 6.31 | 7.40 | 2.72 | 3.86 | 4.83 |
| Diluted EPS YoY | +32.5% | −11.4% | −11.2% | +69.6% | +17.3% | −63.2% | +41.9% | +25.1% |
| net % | 4.0% | 3.8% | 3.1% | 3.7% | 3.8% | 1.8% | 2.6% | 3.6% |
| Free cash flow | 747.9 m | 799.1 m | 476.1 m | 60.8 m | 1.6 bn | 702.0 m | 486.4 m | 894.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 160.9 m USD
- Financial debt
- 1.1 bn USD
- Net debt
- 928.6 m USD
- Equity
- 1.8 bn USD
- Total assets
- 5.1 bn USD
- Debt / equity
- 0.59x
- Current ratio
- 1.53x
- ROE
- 32.9%
- ROA
- 11.3%
- FCF margin
- 5.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 16.2 bn | 23.1 bn | 24.7 bn | 17.6 bn | 17.7 bn | 16.2 bn | SEC (XBRL)· 13 Feb 2026verified |
| Operating income | 673.3 m | 1.1 bn | 1.3 bn | 514.6 m | 669.1 m | 795.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Depreciation & amortisation | 101.7 m | 91.3 m | 92.8 m | 99.0 m | 97.2 m | 102.8 m | SEC (XBRL)· 13 Feb 2026verified |
| EBITDA | 775.0 m ≈ | 1.2 bn ≈ | 1.4 bn ≈ | 613.6 m ≈ | 766.3 m ≈ | 897.8 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Pre-tax income | 628.3 m | 1.0 bn | 1.2 bn | 409.2 m | 579.2 m | 722.5 m | SEC (XBRL)· 13 Feb 2026verified |
| Income tax | 121.9 m | 178.0 m | 226.2 m | 84.1 m | 113.5 m | 135.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Net income | 506.4 m | 844.2 m | 940.5 m | 325.1 m | 465.7 m | 587.1 m | SEC (XBRL)· 13 Feb 2026verified |
| Diluted EPS | 3.72 | 6.31 | 7.40 | 2.72 | 3.86 | 4.83 | SEC (XBRL)· 13 Feb 2026verified |
| Weighted average diluted shares | 136.2 m | 133.8 m | 127.2 m | 119.7 m | 120.7 m | 121.5 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividend per share | 2.04 | 2.08 | 2.26 | 2.44 | 2.46 | 2.49 | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 243.8 m | 257.4 m | 217.5 m | 145.5 m | 145.8 m | 160.9 m | SEC (XBRL)· 13 Feb 2026verified |
| Current assets | 2.9 bn | 4.8 bn | 3.6 bn | 2.9 bn | 3.0 bn | 2.8 bn | SEC (XBRL)· 13 Feb 2026verified |
| Property, plant & equipment, net | 178.9 m | 139.8 m | 159.4 m | 144.7 m | 127.2 m | 116.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Goodwill | 1.5 bn | 1.5 bn | 1.5 bn | 1.5 bn | 1.4 bn | 1.5 bn | SEC (XBRL)· 13 Feb 2026verified |
| Intangibles (excl. goodwill) | 113.9 m | 89.6 m | 64.0 m | 43.7 m | 28.2 m | 18.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Total assets | 5.1 bn | 7.0 bn | 6.0 bn | 5.2 bn | 5.3 bn | 5.1 bn | SEC (XBRL)· 13 Feb 2026verified |
| Accounts payable | 1.2 bn | 1.8 bn | 1.5 bn | 1.3 bn | 1.2 bn | 1.2 bn | SEC (XBRL)· 13 Feb 2026verified |
| Short-term debt | 0 | 525.0 m | 1.1 bn | 160.0 m | 455.8 m | 0 | SEC (XBRL)· 13 Feb 2026verified |
| Long-term debt | 1.1 bn | 1.4 bn | 920.0 m | 1.4 bn | 921.9 m | 1.1 bn | SEC (XBRL)· 13 Feb 2026verified |
| Current liabilities | 1.8 bn | 3.3 bn | 3.3 bn | 2.1 bn | 2.3 bn | 1.8 bn | SEC (XBRL)· 13 Feb 2026verified |
| Total liabilities | 3.3 bn | 5.0 bn | 4.6 bn | 3.8 bn | 3.6 bn | 3.2 bn | SEC (XBRL)· 13 Feb 2026verified |
| Equity | 1.9 bn † | 2.0 bn † | 1.4 bn † | 1.4 bn † | 1.7 bn † | 1.8 bn † | SEC (XBRL)· 13 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 499.2 m | 95.0 m | 1.7 bn | 731.9 m | 509.1 m | 914.5 m | SEC (XBRL)· 13 Feb 2026verified |
| Capex | 23.1 m | 34.2 m | 61.9 m | 30.0 m | 22.7 m | 19.6 m | SEC (XBRL)· 13 Feb 2026verified |
| Free cash flow | 476.1 m ≈ | 60.8 m ≈ | 1.6 bn ≈ | 702.0 m ≈ | 486.4 m ≈ | 894.9 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Investing cash flow | -271.7 m | -85.7 m | -64.9 m | -82.8 m | -74.3 m | -54.7 m | SEC (XBRL)· 13 Feb 2026verified |
| Financing cash flow | -440.7 m | 7.6 m | -1.6 bn | -717.8 m | -416.1 m | -862.7 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividends paid | 210.0 m | 277.3 m | 285.3 m | 291.6 m | 294.8 m | 301.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Share repurchases | 177.5 m | 581.8 m | 1.5 bn | 63.9 m | 0 | 354.7 m | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 52 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
03 Nov 2026Source: olivLaw, closing series
Market cap: 15.5 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation33
- Returns94
- Quality90
- Balance sheet60
- Growth0
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 3.29 – 145.54 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · not enough peers
- Peers: P/E3.29 – 145.54 (Mid 137.10)5 companies used · median multiple 24.6x · quartiles 0.6x – 26.1xBCO, EXPD, GVH, HUBG, RLGT
- Dividend discount (DDM)32.72 – 44.00 (Mid 37.53)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 52/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 23.4% | 100 (vs peers) | 11% |
| Net margin · Quality | 3.7% | 94 (vs peers) | 7% |
| FCF conversion · Quality | 77.7% | 68 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | -13.1% | 0 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | -13.3% | 0 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | 1.7x | 66 (on a fixed band) | 11% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.3x | 45 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 24.0x | 60 (vs peers) | 11% |
| EV/EBITDA · Valuation | 17.5x | 0 (on a fixed band) | 11% |
| FCF yield · Valuation | 3.4% | 42 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | 6.8% | 98 (on a fixed band) | 7% |
| Payout ratio (FCF) · Returns | 58.4% | 88 (on a fixed band) | 4% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet60/100 · 2/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality90/100 · 3/3 factors with a value
- Returns94/100 · 2/2 factors with a value
- Valuation33/100 · 3/3 factors with a value
Memo
C.H. ROBINSON WORLDWIDE, INC. (CHRW). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 16.2 bn USD in 2025; YoY growth -8.4%; net margin 3.7%; ROE 38.9%; net debt/EBITDA 1.7x.
The estimated value range is 18.00–94.77 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 87.31 USD, the price of 133.51 USD leaves a potential of -34.6% (value / price − 1) and a margin of safety of -52.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 52/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 23.4%
- Net margin: 3.7%
- Shareholder yield (distributions): 6.8%
- Payout ratio (FCF): 58.4%
What contradicts it
- Revenue CAGR 3Y: -13.1%
- EPS CAGR 3Y: -13.3%
- EV/EBITDA: 17.5x
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Interest coverage.
Versus the vertical median
Arrangement of Transportation of Freight & Cargo (SIC 4731) · same industry (4-digit SIC) · compared with 16 companies
The size band was not applied: too few companies would have remained; the vertical includes much smaller or larger companies.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| EXPDExpeditors International Of Washington, Inc. | 26.6 bn | 29.7 | 42.6% | 7.6% | +4.4% | +39% / +70% |
| CHRWC.h. Robinson Worldwide, Inc. | 15.5 bn | 24.0 | 38.9% | 3.7% | −8.4% | −12% / +63% |
| BCOBrink’s Co | 4.7 bn | 26.1 | 64.0% | 3.3% | +5.0% | +1% / +43% |
| FWRDForward Air Corporation | 644.5 m | — | -1,574.1% | -11.4% | +0.8% | −17% / −70% |
| RLGTRadiant Logistics, Inc. | 450.2 m | 24.6 | 8.0% | 2.0% | +3.5% | +54% / +60% |
| NCEWNew Century Logistics (bvi) Limited | 422.8 m | — | -185.6% | -24.2% | −15.5% | +311% / unavailable |
| PSIGPS International Group Ltd. | 80.1 m | — | -440.7% | -28.6% | −39.0% | +28% / unavailable |
| CRGOFreightos Ltd | 32.8 m | — | -35.8% | -59.5% | +23.9% | −79% / −79% |
| VNTGVantage Corp | 14.3 m | — | -31.1% | -7.4% | −4.4% | −50% / unavailable |
| QNMEQuanome Technologies, Inc. | 13.4 m | — | -192.5% | -162.1% | +111.8% | −55% / unavailable |
| SLGBSmart Logistics Global Limited | 9.5 m | — | -13.4% | -2.9% | unavailable | −87% / unavailable |
| ELOGEastern International Ltd. | 9.2 m | — | -8.6% | -454.0% | −24.4% | −65% / unavailable |
| JYDJayud Global Logistics Limited | 9.0 m | — | -36.8% | -5.9% | +8.7% | −65% / −99% |
| SGLYSingularity Future Technology Ltd. | 2.6 m | — | -55.6% | -347.5% | −6.6% | −95% / −99% |
| FRGTFreight Technologies, Inc. | 1.6 m | — | -338.3% | -60.5% | −4.9% | −95% / −100% |
| GVHGlobavend Holdings Limited | 1.4 m | 0.6 | 9.0% | 2.9% | +42.5% | −76% / −100% |
| HUBGHub Group, Inc. | — | 0.1 | 6.3% | 2.8% | −6.1% | −30% / −29% |
1- and 3-year price returns: for CHRW from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 73.93 Total return -43% · Per year -43% | 131.37 Total return 0% · Per year 0% | 198.78 Total return 51% · Per year 51% |
| 3 years | 58.70 Total return -52% · Per year -22% | 118.56 Total return -6% · Per year -2% | 198.78 Total return 56% · Per year 16% |
| 5 years | 46.61 Total return -59% · Per year -17% | 107.00 Total return -11% · Per year -2% | 198.78 Total return 60% · Per year 10% |
- Exit P/E± 29.64
- Net margin± 20.75
- Annual revenue growth± 18.74
- Annual dilution± 1.74
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 31 Jul 2026; since then the company filed 10-Q (30 Oct 2026), 8-K (28 Oct 2026 · results).
In brief
C.H. Robinson is one of the largest global logistics providers, arranging freight by truckload, LTL, ocean and air, with proprietary Lean AI technology. Total revenues reached 16.2 billion USD in fiscal 2025, and in the second quarter of 2026 quarterly revenue rose 19.3 percent, even as freight demand stayed weak and truck capacity tightened.
SWOT
Strengths
- Global scale, a large shipment dataset and a broad network of contracted carriers give an operational advantage that is hard to replicate.
- The Lean AI system and the Navisphere platform support high productivity and the ability to adjust prices quickly.
- A diversified customer base and a solid balance sheet let the company remain stable through periods of weak demand.
Weaknesses
- Revenue depends on freight volumes, which are cyclical and have been weak for several consecutive quarters.
- Part of the transport business runs on spot pricing, making profitability sensitive to rapid price changes.
- Reliance on third parties for equipment and services can affect delivery quality and timing.
Opportunities
- If the truckload market keeps tightening, higher rates could support profitability in the NAST segment.
- Growing Managed Solutions and 4PL services could bring more predictable, client-linked revenue.
- AI productivity gains could allow market share growth without a proportional rise in costs.
Threats
- An economic recession or changes in trade policy could reduce transport volumes and pressure margins.
- Technology competition and automation could erode the cost advantage if the company falls behind.
- Fuel shocks and geopolitical tensions could raise costs and disrupt transport routes.
Risks
- Recession and falling volumeshigh
If customer demand contracts, transported volumes could fall and directly affect revenue and profitability 12.
- Margin pressure on contracted ratesmedium
If market rates rise above rates contracted with customers, the company could be required to provide services at a loss 1.
- Dependence on third-party carriersmedium
A shortage of drivers or equipment at independent carriers could prevent the company from meeting its commitments to customers 1.
- Cyber and technology riskshigh
Third-party and cloud-based systems increase exposure to attacks and disruptions, and a serious incident could affect services and reputation 1.
- Trade policy and tariffsmedium
Changes in trade policy and possible retaliatory measures could raise costs and reduce volumes in Global Forwarding 1.
Investment thesis
What would need to be true (bull case)
- If the truckload market tightens further and demand recovers, pricing power and scale could lead to profit growth faster than revenue growth.
- Productivity gains from Lean AI and the high adjusted margins reached in 2026 suggest the operating model can support sustainable growth.
- Market share gains in NAST over several consecutive quarters suggest the service and technology strategy is working even in a weak market.
What would break the thesis
- If demand stays weak for a long time, rate increases could prove temporary and fail to sustain current margins.
- Total revenues fell in 2025 after a divestiture, and part of the profit growth may come from cost cuts that cannot be repeated.
- Technology and price competition could reduce the current advantage if AI investments do not translate into better service.
What to watch
- Trend in spot rates and road capacity in North American truckloadQ3 2026
- Ocean and air rate trend after the Middle East shockQ3 2026
- Cass Freight index and NAST volume trendQ3 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 31 Jul 2026; since then the company filed 10-Q (30 Oct 2026), 8-K (28 Oct 2026 · results).
The business
The company provides transportation and logistics services including truckload, LTL, ocean, air, customs and 3PL and 4PL solutions, connecting more than 75 thousand customers with a network of contracted carriers. Its revenue model rests on the spread between the rate charged to the customer and the cost paid to the carrier, and transportation generated approximately 95 percent of adjusted gross profits in 2025 1. Fresh produce sourcing through Robinson Fresh supplies the remaining approximately 5 percent.
Segment reporting separates NAST, covering North American surface transport, and Global Forwarding, covering international transport, with Robinson Fresh and other activities reported in All Other and Corporate 1.
Segments
Global Forwarding
Global Forwarding covers ocean and air freight and customs brokerage through an international network and independent agents. Amid excess vessel capacity in 2025, ocean volumes declined, and in the second quarter of 2026 rates rose sharply because of geopolitical tensions and fuel costs 12.
Robinson Fresh and Managed Solutions
Robinson Fresh buys, sells and markets fresh fruits and vegetables, while Managed Solutions, launched in November 2024, offers 4PL, 3PL managed transportation and TMS technology from one provider. Both are reported in All Other and Corporate 1.
Trends
- Contracting road truck capacitytailwind
Carriers exiting the market and stricter enforcement of commercial driver rules pushed rates up, and management describes the market as highly sensitive to supply changes 12.
- Demand that remains weakheadwind
Freight demand is still subdued, and volume indices have declined over several consecutive quarters, which limits sustainable rate growth 23.
- Geopolitical and fuel shocksmixed
Tensions in the Middle East and high diesel and jet fuel prices raise air and ocean costs, but they can also reduce effective capacity and support higher rates 2.
Competitive position
The industry is highly competitive and fragmented, with the company competing against asset-based carriers, freight brokers, technology matching platforms, carriers offering logistics services, NVOCCs, IACs and forwarders 1. The company builds its advantage on scale, relationships, technology and financial stability 1.
Technology competition is intensifying as rivals use advanced digital platforms and automation, and the company acknowledges that slower AI adoption could reduce its competitiveness 1. Customers may also bring certain services in-house 1.
- Asset-based truck carriers
Companies that own equipment and compete in transport, named generically in the annual report.
- Freight brokers and technology matching platforms
Digital players connecting shippers and carriers, described in the annual report as non-traditional competition.
- NVOCCs and freight forwarders
Operators that consolidate ocean and air shipments and compete directly with Global Forwarding.
- Integrated logistics providers
Companies offering full logistics services, including carriers that have extended into logistics.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report30 Oct 2026
- Current report28 Oct 2026Material agreement · Results of operations · Financial statements and exhibits
- Current report05 Oct 2026Material agreement · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report31 Jul 2026
- Current report29 Jul 2026Results of operations · Financial statements and exhibits
- Current report24 Jul 2026Regulation FD disclosure
- Current report02 Jun 2026Departure or appointment of officers · Financial statements and exhibits
- Current report11 May 2026Shareholder vote
- Quarterly report01 May 2026
- Current report29 Apr 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / C.H. Robinson Worldwide, Inc. · 13 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / C.H. Robinson Worldwide, Inc. · 31 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / C.H. Robinson Worldwide, Inc. · 29 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.