C.H. Robinson

Despite win on appeal, TQL wants Supreme Court to review broker liability issue

In an unusual twist, giant brokerage TQL is asking the U.S. Supreme Court to review its lower court victories on the question of broker liability.

In a brief filed with the Supreme Court last week, TQL sided with its adversary Katia Gauthier in seeking review of the lower court cases. Her husband, Peter, was killed in May 2020 in a collision with a truck hired by TQL.

Gauthier’s subsequent lawsuit against the carrier and TQL resulted in a pair of decisions – in the U.S. District Court for the...

https://www.freightwaves.com/news/despite-win-on-appeal-tql-wants-supreme-court-to-review-broker-liability-issue

C.H. Robinson automates full freight shipment lifecycle with generative AI

C.H. Robinson has developed proprietary technology that uses generative AI to handle tasks typically managed by people, fully automating the freight shipment process.

This new system interprets incoming emails and replicates human actions, enabling automation across the entire shipment lifecycle—from providing price quotes and accepting loads to scheduling pickups and deliveries, as well as tracking shipments in transit.

“We announced in May that we’d been using our new tech for emailed price...

https://container-news.com/c-h-robinson-automates-full-freight-shipment-lifecycle-with-generative-ai/

C.H. Robinson’s model increasingly validated with another solid quarter

(A summary of key financial numbers at C.H. Robinson in the third quarter can be found here.)

Third-quarter earnings at 3PL giant C.H. Robinson, in tandem with the analyst call that followed the release Wednesday, provided fresh signs that the “model” CEO Dave Bozeman talks about relentlessly is having a growing impact on fiscal performance and equity analyst acceptance.

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https://www.freightwaves.com/news/c-h-robinsons-model-increasingly-validated-with-another-solid-quarter

C.H. Robinson Q3 earnings: First look

C.H. Robinson reported third-quarter earnings on Wednesday. Here are some highlights.

  • C.H. Robinson (NASDAQ: CHRW) management has been touting sequential improvements at the 3PL, because year-on-year comparisons remain weak. Wall Street has responded, with the stock price up more than 22% in the past three months. But the third quarter started to show some better numbers year on year as well.
  • Total revenues from the third quarter of 2023 were down 5.19%. But adjusted gross profits rose 8.12%....

https://www.freightwaves.com/news/c-h-robinson-q3-earnings-first-look

TriumphPay gets back to a positive EBITDA

TriumphPay, the payments and processing arm of Triumph Financial, turned in a positive EBITDA for the third quarter for only the second time in its history.

Positive earnings before interest, taxes, depreciation and amortization at TriumphPay has been a highly sought goal for its parent, Triumph Financial (NASDAQ: TFIN), for many quarters. TriumphPay recorded a slightly positive EBITDA margin in the fourth quarter of 2023, so small that the $36,000 in positive EBITDA margin is listed in the...

https://www.freightwaves.com/news/triumphpay-gets-back-to-a-positive-ebitda

RXO gets support from S&P after 2 big stock sales to fund Coyote acquisition

Any company with publicly traded debt views its rating from agencies such as Standard & Poor’s as of paramount importance. And last week, 3PL RXO received a thumbs-up from Standard & Poor’s Global Ratings (NYSE: SPGI) on the steps it has taken to fund its acquisition of Coyote Logistics.

But it didn’t come with a higher debt rating.

S&P issued its report on the back of RXO’s (NYSE: RXO) closing of the deal to acquire Coyote from UPS (NYSE: UPS). The announcement of the closing Sept. 16 came a few...

https://www.freightwaves.com/news/rxo-gets-support-from-sp-after-2-big-stock-sales-to-fund-coyote-acquisition

Logistics providers says Canada rail strike would ‘paralyze ports’

Logistics providers warned the historic shutdown of Canada’s two largest railroads would have a seismic effect on the cross-border supply chain as shippers search for alternative transportation.

Both Canadian National and Canadian Pacific Kansas City have set a deadline of early Thursday to lock out workers, barring agreement on a new contract with the Teamsters union. The union also warned of its intent to walk off the job, marking the first time Canada’s largest railroads would both idle...

https://www.freightwaves.com/news/logistics-providers-says-canada-rail-strike-would-paralyze-ports

C.H. Robinson earnings again surprise to the upside; CEO cites operating model

C.H. Robinson posted a second consecutive quarter that exceeded expectations, sent its stock higher in post-market trading and is starting to indicate that Dave Bozeman, roughly one year on the job as CEO, is making changes that are having an impact on the giant brokerage.

When C.H. Robinson (NASDAQ: CHRW) released its first-quarter earnings at the end of April, management’s focus on the subsequent call with analysts was on how the 3PL did sequentially, because comparisons to the corresponding...

https://www.freightwaves.com/news/c-h-robinson-earnings-again-surprise-to-the-upside-ceo-cites-operating-model

Victory for a 3PL again–TQL–in case involving broker liability 

Another brokerage company has won a court battle holding that a 3PL is not liable for an accident that involved a carrier the company hired to move freight.

TQL, the logistics company in the case, was heard by the 11th Circuit Court of Appeals. A three-judge panel unanimously held last week that TQL could not be held liable for a fatal accident on a Georgia road in 2020.

Katia Gauthier, the widow of Peter Gauthier who was killed in the accident, originally filed suit against the carrier, Hard to...

https://www.freightwaves.com/news/victory-for-a-3pl-again-tql-in-case-involving-broker-liability

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