C.H. Robinson

Shipper confidentiality issue arises during broker transparency hearing at FMCSA

In a 90-minute online listening session Wednesday to have Federal Motor Carrier Safety Administration (FMCSA) leaders hear views about possible changes in current broker transparency regulations, one question regarding a possible rule change with potentially serious repercussions came up repeatedly: what about the shippers?

At issue are the major requests of the two petitioners to FMCSA, owned-operator trade group OOIDA and the Small Business in Transportation Coalition led by James Lamb. There...

https://s29755.pcdn.co/news/shipper-confidentiality-issue-arises-during-broker-transparency-hearing-at-fmcsa

Robinson beats earnings estimates by a penny; Forwarding saves the day

C.H. Robinson’s (NASDAQ: CHRW) third-quarter 2020 earnings per share of $1 beat Wall Street’s consensus estimate by a penny, according to operating and financial results that the third-party logistics provider giant released Tuesday after markets closed. C.H. Robinson grew gross revenue by 9.6% to $4.2 billion but saw net revenues fall 7% $589.3 million. Earnings were 6.5% lower than the third quarter of 2019.

“We were able to deliver solid performance across our diversified business portfolio...

https://s29755.pcdn.co/news/robinson-beats-earnings-estimates-by-a-penny-forwarding-saves-the-day

Appeals court revives quadriplegic’s negligence claim against C.H. Robinson

A motorist who sued C.H. Robinson (NASDAQ: CHRW) for negligence in the aftermath of a 2016 crash that left him a quadriplegic will get another day in court against the logistics company after a ruling this week by the U.S. Court of Appeals for the 9th Circuit.

A three-judge panel voted 2-1 to reverse and remand a decision by the U.S. Federal District Court for the District of Nevada that had dismissed the case based on federal preemption law, known as the Federal Aviation Administration...

https://s29755.pcdn.co/news/appeals-court-revives-quadriplegics-negligence-claim-against-ch-robinson

Trans-Atlantic LCL steady despite COVID-19

ocean freight

Ocean freight consolidators and forwarders have taken comfort in less-than-container-load (LCL) volumes and services in the U.S. trans-Atlantic trades, despite the ongoing economic headwinds caused by the coronavirus pandemic.

In recent months, more American and European shippers have turned to LCL services as a cheaper alternative to air freight and a way to counter ocean carrier service disruptions involving full-container-load (FCL) transport.

“Owing to the higher FCL and airfreight charges,...

https://www.freightwaves.com/news/trans-atlantic-lcl-steady-despite-covid-19

C.H. Robinson easily beats the Street, outlook ‘uncertain’

On Tuesday, July 28, after trading ended, C.H. Robinson (NASDAQ: CHRW) reported its financial results for the second quarter of 2020. 

Robinson reported earnings per share of $1.06, handily beating Wall Street’s expectations of $0.61/share. That came on gross revenues that were 7.2% lower year-over-year ($3.6 billion, beating the consensus estimate $3.46 billion) and net revenues that were 11.6% lower year-over-year. Net income fell 14.9% to $143.9 million compared to the year-ago period.

Lower...

https://www.freightwaves.com/news/ch-robinson-easily-beats-the-street-outlook-uncertain

MoLo Solutions lights up charity for sick, injured truckers

MoLo freight brokerage worker

St. Christopher’s Trucker Development and Relief Fund (CTF) drew another $62,000 closer to its $1 million fundraising goal on Monday when MoLo Solutions shared its donation during a live chat on Monday’s episode of FreightWaves’ WHAT THE TRUCK?!? podcast.

Knoxville, Tennessee-based CTF covers short-term expenses like mortgages, utilities, vehicle payments and insurance premiums for truckers forced off the road by illness or injury.

Shannon Currier, director of philanthropy and fundraising for...

https://s29755.pcdn.co/news/molo-solutions-lights-up-charity-for-sick-injured-truckers

C.H. Robinson, other companies call for change after police killing in Minnesota

With C.H. Robinson Worldwide’s headquarters in Eden Prairie, Minnesota, the CEO of the 3PL is speaking out publicly about the racially charged events in Minneapolis, just 12 miles away.

Bob Biesterfeld, the president and CEO of CHRW, has posted to LinkedIn a letter he sent to Robinson employees about the death of George Floyd, who died while in custody of the Minneapolis police. In the letter, Biesterfeld discusses not only the death of Floyd but also the protests that followed.

He opens the...

https://www.freightwaves.com/news/c-h-robinson-other-companies-call-for-change-after-police-killing-in-minnesota

More air cargo finds its sea legs during COVID-19

Escalating airfreight transportation rates and capacity shortages out of China in recent months due to the coronavirus pandemic have led many shippers to try hybrid services that combine sea and air modes.

So-called “sea-air” services offered by some global freight forwarders and non-vessel-operating common carriers (NVOCCs) have been around for decades, but they tend to come and go depending on airfreight market conditions.

Mortan Bach, global chief commercial officer, Shipco Trasport (Courtesy...

https://s29755.pcdn.co/news/more-air-cargo-finds-its-sea-legs-during-covid-19

Commentary: Uber getting out of “Freight” would be bad for freight

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

In late 2017, when Uber announced “Freight,” I was about to build a digital freight brokerage, one with a very different focus but in the same pool. In the 2.5 years since, I have had a front row seat for the impact – first selling against them, and now helping companies with their digital transformations.

Before everyone starts celebrating the possible demise of...

https://www.freightwaves.com/news/commentary-uber-getting-out-of-freight-would-be-bad-for-freight

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