C.H. Robinson Worldwide Inc

CHRW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$91.00	Pnc	Rvmqmvsvxw

C.H. Robinson Earnings: Freight Correction Challenging; Margins Disappoint Again

Matthew Young

Aug 3, 2023

C.H. Robinson’s second-quarter gross revenue fell 35% year over year; below our forecast, on greater-than-expected volume declines in the truck brokerage division, or Nast. The theme these past several quarters is that retail-sector destocking (high inventories), sluggish industrial end markets, and loose transportation-industry capacity are driving down freight demand and customer pricing for Nast and global forwarding, especially relative to unusually robust levels a year ago.

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