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☆ Exclusive: C.H. Robinson in advanced talks to name Barber as new CEO
▼ + stars: | 2023-03-09 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Barber, who spent nearly 35 years working at package delivery company UPS before retiring in early 2020, joined the C.H. Robinson board as a director late last year. A spokesperson for the company said there is "no update" on the search, noting "the CEO role at C.H. The Board is committed to conducting, and is underway on, an open and inclusive search to find our next CEO." Last year Reuters reported that Danish transport and logistics company DSV A/S (DSV.CO) was interested in buying C.H.

☆ JPMorgan downgrades C.H. Robinson, says transportation stock is more exposed to macro risks than rivals
▼ + stars: | 2023-02-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Robinson has a tough road ahead in 2023, according to JPMorgan. Analyst Brian Ossenbeck downgraded the stock to underweight from neutral. The analyst named rail congestion fees, truckload rate cycles and coal volumes as headwinds for the company in 2023 despite an improving industry outlook. Robinson is more exposed to broader industry and macro risks than some of its competitors, notably RXO. However, JPMorgan thinks that there are still significant downside risks to the stock despite its recent gains.

☆ Stocks making the biggest moves premarket: DraftKings, DoorDash, Deere, Roku and more
▼ + stars: | 2023-02-17 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The company reported a loss of 53 cents per share on revenue of $855 million. Deere & Company — Shares advanced 3% after Deere exceeded expectations on the top and bottom lines in its latest quarter. Roku jumped 11% Thursday after the company reported a smaller-than-expected loss in its latest quarter. The company reported a 57 cent per share loss on $480 million of revenue. It reported revenue of $1.01 billion, below the consensus estimate of $1.02 billion.

☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Roku, Coinbase, DraftKings, Disney & more
▼ + stars: | 2023-02-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Friday: Compass Point upgrades Coinbase to buy from neutral Compass said the "long-term opportunities outweigh near-term risks." Goldman Sachs reiterates Tesla as buy Goldman said it's bullish heading into the company's investor day on March 1. KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on the stock to $280 per share from $220. Daiwa reiterates Disney as buy Daiwa said it sees international growth for Disney which will further drive parks outperformance. Evercore ISI adds a positive tactical call on Walmart Evercore said it's bullish on Walmart heading into earnings next week.

☆ Freight Broker C.H. Robinson Digs in Against Activist Investor
▼ + stars: | 2023-02-03 | by ( Paul Berger | ) www.wsj.com time to read: +4 min

Robinson Worldwide Inc. is standing its ground against an activist investor pushing for a quick and wide-ranging overhaul of the country’s biggest freight broker as the company battles declining freight demand and growing competition. Robinson’s international freight forwarding business, a central goal of investor Ancora Holdings Group LLC as it seeks an overhaul of the business. Robinson executives said on the Wednesday earnings call that the global forwarding arm, which moves freight by air and ocean, is essential to the company’s success. Robinson is by far the largest player in the U.S. domestic freight brokerage market that matches freight shippers with available trucks. It is also among the top two U.S.-based companies in the global forwarding market that transports cargo by air and ocean.

☆ Too far, too fast: These stocks are set to decline after hot 2023 starts
▼ + stars: | 2023-02-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

However, analysts believe some stocks are getting ahead of themselves and are set to fall. We used FactSet data to screen for S & P 500 stocks whose consensus price targets indicate an expected decline. Here are 20 stocks analysts predict will have the biggest drops this year. Macquarie downgraded Paramount shares to underperform from neutral the day after Paramount announced its integration plans. Carnival Cruise Line 's stock has popped more than 40% in 2023 as of Thursday morning, but analysts anticipate it will drop 8.1%.

☆ Stocks making the biggest moves premarket: Meta, Align Technology, FedEx, Honeywell and more
▼ + stars: | 2023-02-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Align Technology — The orthodontics company saw its shares rise 14% after its quarterly earnings and revenue beat analyst expectations. Align also said it will repurchase up to $1 billion of its common stock over the next three years. The company generated $9.19 billion of revenue, while analysts surveyed by Refinitiv were looking for $9.25 billion. Beauty — Shares for the cosmetics company jumped 1.67% after its fiscal third quarter revenue topped analysts' estimates. Refinitiv analysts had previously called for per-share earnings of 23 cents on revenue of $121.8 million.

☆ FedEx to cut senior jobs as part of larger staff reduction
▼ + stars: | 2023-02-01 | by ( Lisa Baertlein | ) www.reuters.com time to read: +3 min

FedEx did not say how many positions would be affected by the new layoffs. In mid-September, FedEx pulled its profit forecast and shares swooned more than 20% - the largest single-day drop in the company's 50-year history. But those numbers only tell part of the story because they exclude roughly FedEx 6,000 contractors and their workers, who handle most of the FedEx Ground's home delivery business. FedEx already has temporarily furloughed workers at its trucking division FedEx Freight as the pandemic-fueled e-commerce delivery bubble deflates and recession threatens, joining transportation-focused companies ranging from delivery upstart Amazon.com (AMZN.O) and trucking company C.H. Robinson Worldwide (CHRW.O) to freight broker Uber Freight and freight forwarding startup Flexport in announcing layoffs.

☆ C.H. Robinson misses profit estimates as freight prices fall
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

Feb 1 (Reuters) - Logistics company C.H. Robinson Worldwide Inc (CHRW.O) on Wednesday reported a lower-than-expected quarterly adjusted profit as a sagging economy hurt freight demand and prices. Shares of the company fell about 4% to $98.0 after the bell. Rising interest rates and fears of a recession have choked consumer spending in a blow to shipment volumes in the global logistics industry. "Prices for ground transportation and global freight forwarding are declining due to the changing balance of supply and demand," interim Chief Executive Scott Anderson said in the company's earnings release.

☆ Stocks making the biggest moves after hours: Meta, Align Technology, e.l.f Beauty and more
▼ + stars: | 2023-02-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts' estimates for fourth-quarter revenue, according to Refinitiv. Align Technology — Shares of the orthodontics company gained 14% after the company beat analysts' estimates in its latest quarter. e.l.f Beauty – The cosmetics company's shares leapt 11% after e.l.f Beauty exceeded analysts' estimates in its fiscal third quarter. That compares with analysts' estimates of $1.38 in per-share earnings on $5.68 billion in revenue.

☆ Jim Cramer says J.M. Smucker is the only new 'dividend aristocrat' worth buying
▼ + stars: | 2023-01-31 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday said that investors should consider adding J.M. Smucker stock to their shopping lists. Robinson and J.M. Smucker qualified for the S&P 500 Dividend Aristocrats and will be added to the index on Feb. 1, the S&P Dow Jones Indices said earlier this month. Smucker stock is also a great choice for investors worried about how the Federal Reserve's interest rate hikes could slow down the economy, he added.

☆ Three new stocks gain entry to the Dividend Aristocrat elite, which outperformed in 2022
▼ + stars: | 2023-01-25 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Smucker have made the cut for the S & P 500 Dividend Aristocrats and will be added to index as of Feb. 1, S & P Dow Jones Indices announced Tuesday. Nordson, which joined the S & P 500 last year, has actually had 42 straight years of dividend raises, according to S & P Dow Jones Indices data. NOBL 5Y mountain The NOBL fund has a solid long-term track record and outperformed during 2022's bear market. All three have outperformed the S & P 500 over the past 12 months. ProShares also offers an S & P Technology Dividend Aristocrats ETF (TDV) , which lowers the bar to seven straight years of dividend hikes.

☆ Uber Freight laying off 150, about 3% of workforce
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: 1 min

Jan 24 (Reuters) - Uber Freight said Tuesday it will lay off roughly 150 employees, or about 3% of its workforce, as economic uncertainty hammers demand for shipping services. The division of rideshare company Uber Technologies (UBER.N) said the layoffs will be limited to its digital brokerage operations that match shippers with truckers seeking to haul cargo. With the move, Uber Freight joins trucking firm C.H. Robinson Worldwide (CHRW.O), freight forwarding startup Flexport, and financial services and technology firms in shedding jobs this year. Reporting Nivedita Balu in Bengaluru and Lisa Baertlein in Los AngelesOur Standards: The Thomson Reuters Trust Principles.

☆ Freight Forwarder Flexport Is Laying Off 20% of Its Workforce
▼ + stars: | 2023-01-12 | by ( Liz Young | ) www.wsj.com time to read: +4 min

Freight forwarder Flexport Inc. is cutting about 20% of its global workforce, or more than 600 workers, as the digital-focused business copes with falling shipping demand and repositions its operations to offer more supply-chain services. Mr. Petersen in June had estimated gross revenue of nearly $5 billion in 2022. The layoffs come amid a broader pullback in freight demand since the middle of last year as inflation has taken a toll on consumer demand and retailers have pulled back from earlier inventory restocking efforts. Mr. Clark, who led Amazon.com Inc.’s logistics expansion over his 20-plus years with the company, started as co-CEO at Flexport in September alongside the freight forwarder’s founder, Mr. Petersen. Mr. Clark is scheduled to fully take over the day-to-day leadership role on March 1, the company has said, and Mr. Petersen will then become executive chairman.

☆ C.H. Robinson Reaches Standstill Agreement With Activist Investor
▼ + stars: | 2023-01-10 | by ( Paul Berger | ) www.wsj.com time to read: +4 min

Robinson Worldwide Inc. has reached an agreement to work with its activist investors as analysts said new board member Jim Barber would be a strong candidate to lead the company. Robinson’s board. Robinson’s then board chair as interim CEO as the board said it would start an immediate search for a permanent successor. Robinson’s board, said Monday that Mr. Biesterfeld’s firing was a board decision. Robinson has retained executive search firm Russell Reynolds Associates Inc. to find a permanent chief executive.

☆ Freight Broker C.H. Robinson Ousts CEO Bob Biesterfeld
▼ + stars: | 2023-01-03 | by ( Liz Young | ) www.wsj.com time to read: +6 min

Mr. Anderson, 56, stepped down as chair, a position he has held since 2020. Mr. Anderson doesn’t plan to be considered as a candidate for the permanent position, according to the securities filing. Robinson and this exceptional team,” Mr. Biesterfeld said in a statement released by the company. Robinson is by far the largest player in the U.S. freight brokerage market, one that matches freight shippers with available trucks. “We got ahead of ourselves in terms of head count,” Mr. Biesterfeld said on Nov. 2.

☆ Freight Brokerage RXO Will Focus on Tech Investments, CFO Says
▼ + stars: | 2022-12-13 | by ( Kristin Broughton | ) www.wsj.com time to read: +4 min

RXO, which before the transaction accounted for roughly a third of XPO’s total revenue, matches freight loads with available trucks on the spot and contract markets. A priority for Mr. Harris, who was appointed to the CFO post in September ahead of the spinoff, is investing in digital capabilities for shippers and carriers. Approximately two-thirds of the company’s total capital budget will go toward technology, with the remainder focused on maintenance-related costs, Mr. Harris said. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. Among the advantages of being an independent company is RXO now has more control over its capital budget, Mr. Harris said.

☆ The Logistics and Supply-Chain Slowdown Has Begun. Here’s How to Take Advantage.
▼ + stars: | 2022-11-27 | by ( Paul Page | C.H. Robinson Worldwide Ceo Bob Biesterfeld | ) www.wsj.com time to read: +6 min

After the pandemic-driven surge in consumer demand that triggered a frenzy of shipping activity and skyrocketing prices, logistics and transportation companies are signaling a fast slowdown. The weekly Shanghai Containerized Freight Index, which measures shipping prices out of China, recently dropped to $1,443.29, about one-third the level it hit in early June. The jaw-dropping declines also measure the spot market prices. Most freight business moves on contract rates, and those long-term prices haven’t fallen nearly as fast as the spot market. Here are some tips for logistics and supply-chain managers to take advantage of a changing market.

☆ Jim Cramer says a slowdown in the logistics industry suggests inflation could be coming down
▼ + stars: | 2022-11-10 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday said that inflation could finally be cooling off as the freight industry's pandemic boom wanes. "We caught a real break today with a much lower-than-expected consumer price index number, and a huge part of that came down to how much it costs to get goods to the consumer," he said. "Why would the Fed need to keep tightening ever harder if the root cause of inflation, moving stuff from place to place, is finally going in the right direction?" Stocks saw their biggest rally since 2020 on Thursday after October's consumer price index data came in lighter than expected, raising hopes that inflation could be peaking. Cramer said that he expects inflation to continue to cool when supply costs for the freight industry such as labor and equipment decline more.

☆ Logistics Companies Are Reversing Their Hiring Binge
▼ + stars: | 2022-11-04 | by ( Liz Young | ) www.wsj.com time to read: +4 min

The hiring frenzy in logistics driven by pandemic-fueled shopping appears to be cooling off. “We got ahead of ourselves in terms of head count,” said Bob Biesterfeld, chief executive of C.H. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. Chief Executive Judy McReynolds said the company would now look to get “greater efficiency” from the people it already employs. “We aren’t really hiring other than filling vacancies and whatnot,” Chief Executive Greg Gantt said on an Oct. 26 earnings call.

☆ C.H. Robinson CEO on the state of freight demand, cost reduction, China and his company outlook
▼ + stars: | 2022-11-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailC.H. Robinson CEO on the state of freight demand, cost reduction, China and his company outlookBob Biesterfeld, C.H. Robinson president, joins 'The Exchange' to discuss the company's earnings and the state of freight demand.

☆ Stocks making the biggest moves midday: Tupperware, Airbnb, Paramount, Estee Lauder and more
▼ + stars: | 2022-11-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

Estee Lauder — The cosmetic maker dropped 8% after it gave a weak outlook despite beating expectations for the quarter. Trimble — Shares dropped 7% after Trimble missed revenue expectations in its third-quarter results. Robinson — The stock fell 6% after the transportation and logistics company reported disappointing revenue in its latest results. Airbnb — The lodging stock fell 10.1% after the company reported earnings per share that beat expectations, while revenue came in line with estimates. The company it its fiscal first quarter reported adjusted earnings per share of 93 cents versus expectations of 75 cents.

☆ Rail Shippers Brace for Potential National Strike
▼ + stars: | 2022-09-14 | by ( Paul Berger | ) www.wsj.com time to read: +6 min

Companies from food suppliers in the Midwest to retail importers across the U.S. are bracing for a potential national rail strike by seeking alternative transport to keep their supply chains running. Tens of thousands of American workers are on strike and thousands more are attempting to unionize. “We believe the potential for a rail work stoppage is growing,” Citi’s Christian Wetherbee wrote in a research note Wednesday. Other shippers will have to hold on to cargo if the rail network shuts down. U.S. railroads hauled more than 18,000 carloads of grains over the past week, according to the Association of American Railroads.

☆ Logistics giant CH Robinson just hired Whole Foods' former CTO as its first chief product officer — and it shows how high the digital stakes are for the whole industry
▼ + stars: | 2021-07-29 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

Read previewAs the logistics industry becomes increasingly consumed by e-commerce, top-10 global logistics provider C.H. Robinson has hired an online veteran as its first ever chief product officer, reporting directly to CEO Bob Biesterfeld. E-commerce is becoming a dominant force in the logistics industry, with virtually every player attempting to cut off a slice. The CEO is also hoping that some of the hallmarks of digitally-native businesses like Zappos will rub off at C.H. Mimicking the ease of online consumer experiences for logistics processes will be on Rajan's plate come September.

Persons: —, Robinson, Bob Biesterfeld, Arun Rajan, Biesterfeld, Rajan Organizations: Service, C.H, Amazon's, Foods, Zappos, Business, Cargo Locations: Europe, C.H

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