C.H. Robinson Worldwide (CHRW)
Market Price (6/23/2026): $187.04 | Market Cap: $22.4 BilInvestor Relations Sector: Industrials | Industry: Air Freight & Logistics
C.H. Robinson Worldwide (CHRW)
Market Price (6/23/2026): $187.04Market Cap: $22.4 BilSector: IndustrialsIndustry: Air Freight & Logistics
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 42% Megatrend and thematic driversMegatrends include Future of Freight, E-commerce & DTC Adoption, and E-commerce & Digital Retail. Themes include Freight Technology, Show more. | Stock price has recently run up significantly12M Rtn12 month market price return is 105% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.9%, Rev Chg QQuarterly Revenue Change % is -0.8% Key risksCHRW key risks include [1] a heavy dependence on its proprietary Navisphere® technology platform and the associated vulnerabilities to cybersecurity events. |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Future of Freight, E-commerce & DTC Adoption, and E-commerce & Digital Retail. Themes include Freight Technology, Show more. |
| Stock price has recently run up significantly12M Rtn12 month market price return is 105% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.9%, Rev Chg QQuarterly Revenue Change % is -0.8% |
| Key risksCHRW key risks include [1] a heavy dependence on its proprietary Navisphere® technology platform and the associated vulnerabilities to cybersecurity events. |
Qualitative Assessment
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C.H. Robinson Worldwide (CHRW) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. C.H. Robinson Worldwide (CHRW) reported a strong adjusted earnings per share (EPS) beat for fiscal Q1 2026, which ended March 31, 2026. The company announced adjusted diluted EPS of $1.35, surpassing analyst estimates of $1.26 by $0.09, or approximately 7.14%. This also represented a 15.4% increase in adjusted diluted EPS year-over-year. Net income for the quarter rose 8.8% to $147.2 million.
2. Favorable macroeconomic trends in the freight market, particularly a supply-driven tightening of capacity, contributed to rising rates. During fiscal Q1 2026, U.S. truckload spot rates increased approximately 18% to 25% year-over-year, a trend that continued into fiscal Q2 2026. This rate increase was primarily driven by fewer available trucks, increasing regulatory enforcement, and carrier exits, rather than a significant surge in demand. Truckload contract rates also saw an increase of 2.4% year-over-year in fiscal Q1 2026.
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C.H. Robinson Worldwide (CHRW) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. C.H. Robinson Worldwide (CHRW) reported a strong adjusted earnings per share (EPS) beat for fiscal Q1 2026, which ended March 31, 2026. The company announced adjusted diluted EPS of $1.35, surpassing analyst estimates of $1.26 by $0.09, or approximately 7.14%. This also represented a 15.4% increase in adjusted diluted EPS year-over-year. Net income for the quarter rose 8.8% to $147.2 million.
2. Favorable macroeconomic trends in the freight market, particularly a supply-driven tightening of capacity, contributed to rising rates. During fiscal Q1 2026, U.S. truckload spot rates increased approximately 18% to 25% year-over-year, a trend that continued into fiscal Q2 2026. This rate increase was primarily driven by fewer available trucks, increasing regulatory enforcement, and carrier exits, rather than a significant surge in demand. Truckload contract rates also saw an increase of 2.4% year-over-year in fiscal Q1 2026.
3. The company demonstrated progress in cost optimization and strategic investments in artificial intelligence (AI). C.H. Robinson cited disciplined revenue management and productivity improvements, fueled by its Lean AI strategy, as drivers for secular earnings growth. The company incurred $20.2 million in restructuring charges during fiscal Q1 2026 as part of a multi-year cost-reduction program involving automation and AI. Further reinforcing this focus, C.H. Robinson launched new AI technology in early June 2026, aimed at continually assessing, improving, and operating global supply chains.
4. Analyst sentiment remained largely positive, with several firms maintaining or upgrading ratings and increasing price targets. Wall Street analysts held a consensus "Moderate Buy" or "Buy" rating for CHRW during the period. Following the Q1 2026 earnings report, several analysts raised their price targets. For example, UBS increased its price target to $230 on June 1, 2026, and Jefferies upgraded its rating to "Buy" on May 20, 2026, with a price target increase to $200. The average analyst price target for CHRW was approximately $195.65 to $197.04.
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Stock Movement Drivers
Fundamental Drivers
The 1.7% change in CHRW stock from 2/28/2026 to 6/22/2026 was primarily driven by a 2.2% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 183.99 | 187.07 | 1.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,233 | 16,199 | -0.2% |
| Net Income Margin (%) | 3.6% | 3.7% | 2.2% |
| P/E Multiple | 37.6 | 37.4 | -0.4% |
| Shares Outstanding (Mil) | 120 | 120 | 0.1% |
| Cumulative Contribution | 1.7% |
Market Drivers
2/28/2026 to 6/22/2026| Return | Correlation | |
|---|---|---|
| CHRW | 1.7% | |
| Market (SPY) | 8.8% | 30.7% |
| Sector (XLI) | 2.9% | 32.6% |
Fundamental Drivers
The 19.0% change in CHRW stock from 11/30/2025 to 6/22/2026 was primarily driven by a 19.2% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 157.16 | 187.07 | 19.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,505 | 16,199 | -1.9% |
| Net Income Margin (%) | 3.6% | 3.7% | 1.7% |
| P/E Multiple | 31.4 | 37.4 | 19.2% |
| Shares Outstanding (Mil) | 120 | 120 | 0.1% |
| Cumulative Contribution | 19.0% |
Market Drivers
11/30/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| CHRW | 19.0% | |
| Market (SPY) | 9.5% | 35.3% |
| Sector (XLI) | 19.0% | 37.6% |
Fundamental Drivers
The 99.3% change in CHRW stock from 5/31/2025 to 6/22/2026 was primarily driven by a 67.4% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 93.86 | 187.07 | 99.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,359 | 16,199 | -6.7% |
| Net Income Margin (%) | 2.9% | 3.7% | 26.3% |
| P/E Multiple | 22.3 | 37.4 | 67.4% |
| Shares Outstanding (Mil) | 121 | 120 | 1.0% |
| Cumulative Contribution | 99.3% |
Market Drivers
5/31/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| CHRW | 99.3% | |
| Market (SPY) | 27.7% | 22.8% |
| Sector (XLI) | 29.0% | 29.8% |
Fundamental Drivers
The 113.5% change in CHRW stock from 5/31/2023 to 6/22/2026 was primarily driven by a 182.6% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 87.61 | 187.07 | 113.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22,492 | 16,199 | -28.0% |
| Net Income Margin (%) | 3.5% | 3.7% | 5.9% |
| P/E Multiple | 13.2 | 37.4 | 182.6% |
| Shares Outstanding (Mil) | 119 | 120 | -1.0% |
| Cumulative Contribution | 113.5% |
Market Drivers
5/31/2023 to 6/22/2026| Return | Correlation | |
|---|---|---|
| CHRW | 113.5% | |
| Market (SPY) | 85.1% | 28.3% |
| Sector (XLI) | 96.3% | 33.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CHRW Return | 18% | -13% | -3% | 23% | 59% | 16% | 125% |
| Peers Return | 38% | -18% | 51% | 5% | 1% | 40% | 154% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| CHRW Win Rate | 50% | 50% | 58% | 58% | 83% | 50% | |
| Peers Win Rate | 62% | 40% | 62% | 50% | 58% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CHRW Max Drawdown | -14% | -26% | -24% | -23% | -20% | -20% | |
| Peers Max Drawdown | -16% | -35% | -25% | -22% | -37% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EXPD, JBHT, XPO, RXO, HUBG. See CHRW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/22/2026 (YTD)
How Low Can It Go
| Event | CHRW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -11.6% | -18.8% |
| % Gain to Breakeven | 13.1% | 23.1% |
| Time to Breakeven | 37 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -18.8% | -9.5% |
| % Gain to Breakeven | 23.2% | 10.5% |
| Time to Breakeven | 262 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -12.5% | -6.7% |
| % Gain to Breakeven | 14.3% | 7.1% |
| Time to Breakeven | 419 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -18.2% | -24.5% |
| % Gain to Breakeven | 22.3% | 32.4% |
| Time to Breakeven | 45 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -17.6% | -33.7% |
| % Gain to Breakeven | 21.4% | 50.9% |
| Time to Breakeven | 28 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.8% | -19.2% |
| % Gain to Breakeven | 23.1% | 23.8% |
| Time to Breakeven | 583 days | 105 days |
In The Past
C.H. Robinson Worldwide's stock fell -11.6% during the 2025 US Tariff Shock. Such a loss loss requires a 13.1% gain to breakeven.
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| Event | CHRW | S&P 500 |
|---|---|---|
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.7% | -17.9% |
| % Gain to Breakeven | 27.8% | 21.8% |
| Time to Breakeven | 1227 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -28.5% | -53.4% |
| % Gain to Breakeven | 39.9% | 114.4% |
| Time to Breakeven | 45 days | 1085 days |
In The Past
C.H. Robinson Worldwide's stock fell -11.6% during the 2025 US Tariff Shock. Such a loss loss requires a 13.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About C.H. Robinson Worldwide (CHRW)
C.H. Robinson Worldwide, Inc. (CHRW) is a global provider of freight transportation services and logistics solutions. The company acts as a vital intermediary, connecting businesses needing to ship goods with an extensive network of transportation providers. Its core offerings include brokering truckload, less than truckload (LTL), and intermodal transportation, ensuring efficient movement of goods across North America using a combination of trucks and rail.
Beyond surface transportation, C.H. Robinson also offers comprehensive global forwarding services, arranging ocean and air shipments, including door-to-door delivery and customs brokerage. It provides additional logistics solutions such as fee-based managed services, warehousing, and small parcel management. Uniquely, the company operates a significant fresh produce segment under the Robinson Fresh name, sourcing and marketing fresh fruits, vegetables, and other perishable items.
The company serves a broad customer base, including companies across various industries globally for its logistics services. For its Robinson Fresh segment, primary customers include grocery retailers, restaurants, produce wholesalers, and foodservice distributors. C.H. Robinson leverages contractual relationships with approximately 85,000 transportation companies, including motor carriers, railroads, and air and ocean carriers, to deliver its diverse range of services.
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Here are 1-3 brief analogies for C.H. Robinson Worldwide:
Expedia for commercial shipping: They help businesses find and book all types of freight transportation—from truckloads and rail to ocean and air cargo—optimizing routes and costs across a vast network of carriers.
Uber for business freight: Similar to how Uber connects riders with drivers, C.H. Robinson connects companies needing to move goods with a massive network of trucking companies and other carriers.
Amazon Web Services (AWS) for logistics and supply chains: They provide a comprehensive, outsourced platform and suite of services (like freight management, customs brokerage, and warehousing) that businesses use to power their global supply chain operations, without owning all the physical assets themselves.
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- Truckload Services: Brokerage for full truckload shipments.
- Less than Truckload (LTL) Services: Brokerage for shipments of single or multiple pallets of freight.
- Intermodal Transportation: Services for shipping freight using a combination of truck and rail.
- Ocean Freight Forwarding: Organizing non-vessel ocean common carrier and freight forwarding services for ocean shipments.
- Air Freight Forwarding: Organizing air shipments and providing door-to-door air freight services.
- Customs Brokerage: Services to facilitate customs clearance for international shipments.
- Managed Logistics & TMS: Providing fee-based managed logistics and transportation management system services to optimize supply chains.
- Warehousing Services: Offering storage solutions for goods.
- Small Parcel Services: Managing and facilitating shipments of small packages.
- Fresh Produce Sourcing & Marketing (Robinson Fresh): Buying, selling, and marketing fresh fruits, vegetables, and other perishable items.
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C.H. Robinson Worldwide (CHRW) primarily sells its services and products to other businesses rather than directly to individuals. Based on the provided description, its major customers fall into the following categories:
- Companies across various industries worldwide that utilize its freight transportation and logistics solutions (e.g., truckload, less than truckload, intermodal, ocean, air, customs brokerage, managed TMS).
- Grocery retailers that purchase fresh produce under the Robinson Fresh name.
- Restaurants that purchase fresh produce under the Robinson Fresh name.
- Produce wholesalers that purchase fresh produce under the Robinson Fresh name.
- Foodservice distributors that purchase fresh produce under the Robinson Fresh name.
The provided company description does not list specific names of customer companies.
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Dave Bozeman, President & Chief Executive Officer
Dave Bozeman was appointed President and Chief Executive Officer of C.H. Robinson in June 2023. He brings over 30 years of experience from industry-leading companies in supply chains, transportation, manufacturing, digital, and customer service. Prior to joining C.H. Robinson, he served as Vice President of Ford Customer Service Division and Vice President of Enthusiast Vehicles for Ford Blue at Ford Motor Company. From 2017 to 2022, he was Vice President of Amazon Transportation Services for Amazon.com, Inc. Before Amazon, Mr. Bozeman held various senior roles at Caterpillar, Inc. from 2008 to 2016, culminating as Senior Vice President Enterprise Systems. He also spent 16 years at Harley-Davidson, Inc. from 1992 to 2008. His background includes managing businesses through various economic cycles and expertise in global supply chain and logistics management.
Damon Lee, Chief Financial Officer
Damon Lee will join C.H. Robinson as Chief Financial Officer, commencing employment on July 8, 2024, and assuming the CFO role after the company's Form 10-Q is filed for the second quarter of 2024. He is an accomplished finance leader with over 25 years of progressive experience. Before C.H. Robinson, Mr. Lee served as Vice President and CFO, Commercial Engines and Services, at GE Aerospace. His prior experience includes senior operational finance roles at Aptiv, where he was Vice President of Finance for the Electrical Distribution Systems division from 2018 to 2021, Precision Castparts Corporation (from 2012 to 2018), and Eaton PLC (from 2007 to 2012). Earlier in his career, he held increasing roles of responsibility at Newell Brands Inc., Ingersoll Rand Inc., and Mattel, Inc. Mr. Lee has deep experience in Lean methodologies, continuous improvement, and comprehensive strategy creation and execution.
Arun Rajan, Chief Strategy and Innovation Officer
Arun Rajan is the Chief Strategy and Innovation Officer at C.H. Robinson, where he oversees enterprise strategy and innovation processes, and leads research, analysis, and competitive intelligence. He previously served as Chief Operating Officer, focusing on accelerating digital transformation. Mr. Rajan joined the company in September 2021 as Chief Product Officer. His career includes technology and operating leadership roles at various digital-first companies, such as CTO of One Kings Lane, Co-founder and CTO of Intent Media, CTO of Travelocity Europe and LastMinute.com, CTO of Zappos, and Co-founder and CTO of ITRadar.com.
Michael Castagnetto, President of North American Surface Transportation
Michael Castagnetto serves as the President of North American Surface Transportation. He started his career with C.H. Robinson in 2005. His previous executive positions within the company include Vice President, Customer Success in North American Surface Transportation and President of Robinson Fresh. Mr. Castagnetto has also held various leadership roles such as sourcing manager at Food Source, general manager of tropical and dry vegetable categories, director of global supply, and vice president of global sourcing.
Mike Short, President of Global Freight Forwarding
Mike Short is the President of Global Freight Forwarding. He joined C.H. Robinson in 2012 through the acquisition of Phoenix International. Mr. Short is a veteran of the global forwarding industry with over 25 years of experience. Before his current role, he was Vice President, Global Forwarding – North America. At Phoenix International, he held multiple roles, including Regional Manager, Sales Manager, and General Manager of the St. Louis office.
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Here are the key risks to C.H. Robinson Worldwide (CHRW):
- Challenging Global Freight Market Conditions: C.H. Robinson faces significant headwinds from weak demand, high inventories, and excess capacity in global freight markets, leading to suppressed transportation rates and a projected decline in earnings and revenue. This includes a prolonged North American freight recession that has seen subdued demand and low load-to-truck ratios, as well as excess capacity in ocean vessel and air freight impacting rates. Economic recessions generally pose a risk by reducing freight volumes and impacting growth opportunities.
- Intense Competition and Technological Disruption: The logistics sector is highly competitive, with numerous players including traditional companies, digital freight brokers, and tech-forward firms vying for market share. C.H. Robinson must continuously innovate and invest in technology to maintain its competitive edge, as greater access to freight technology could erode its advantage. The emergence of digital freight platforms and new payment networks has further intensified competition, making it easier for new entrants and challenging C.H. Robinson's historical market position.
- Reliance on Third-Party Transportation Providers and Cost Volatility: As a non-asset-based logistics provider, C.H. Robinson relies on a vast network of approximately 85,000 transportation companies. This dependence exposes the company to risks related to the service quality and availability of these third-party carriers. Additionally, fluctuating fuel costs and higher carrier prices can directly decrease profit margins, impacting the company's financial performance. Failures among transportation providers could also disrupt service commitments to C.H. Robinson's customers.
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The clear emerging threat to C.H. Robinson Worldwide is the rise of digital freight brokers and platforms. These technology-driven companies leverage advanced algorithms, artificial intelligence, and machine learning to automate and optimize the process of connecting shippers with carriers. Companies like Convoy, Uber Freight, and Loadsmart aim to provide greater efficiency, transparency, and real-time visibility in freight matching, potentially at a lower cost due to reduced manual intervention. This directly challenges C.H. Robinson's traditional freight brokerage model by offering a technologically superior or more cost-effective alternative for managing transportation needs.
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C.H. Robinson Worldwide (CHRW) operates in several significant addressable markets within the freight transportation and logistics sectors, as well as the fresh produce industry. Below are the estimated market sizes for their main products and services:
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Global Logistics Market: The global logistics market was valued at approximately USD 3,794.4 billion in 2023 and is projected to reach USD 5,951.0 billion by 2030. Within this broad market, the third-party logistics (3PL) segment, which encompasses many of C.H. Robinson's services like warehousing and managed logistics, held the largest market share of 71.4% in 2023.
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Global Truckload Logistics Market: The global truckload logistics market was valued at USD 959.3 billion in 2024 and is anticipated to reach USD 1,377.2 billion by 2033. North America is a leading region in the adoption of advanced technologies for truckload logistics. The North America truck market (which includes various truck types for freight) was valued at USD 130 billion and is expected to reach USD 200 billion by 2031. More specifically, the North America long-haul transport market, which includes full truckload (FTL) operations, was estimated at USD 478.98 billion in 2025 and is projected to reach USD 604.47 billion by 2031. FTL operations accounted for 79.88% of the revenue share in 2025 within this market.
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North American Less-than-Truckload (LTL) Market: The less-than-truckload (LTL) market in North America generated a revenue of USD 84,628.9 million in 2024 and is expected to reach a projected revenue of US$ 120,553.6 million by 2030. The U.S. LTL market specifically was valued at USD 52.8 billion in 2024.
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North American Intermodal Transportation Market: The North American intermodal freight transportation market was valued at USD 82.2 billion in 2023 and is estimated to reach USD 172.8 billion by 2032. North America held approximately 34% of the global intermodal freight transportation market revenue in 2023.
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Global Freight Forwarding Market (Ocean and Air): The global freight forwarding market was valued at USD 164.8 billion in 2024 and is projected to reach USD 255.6 billion by 2033. North America accounted for 22.8% of this market in 2024. Another estimate places the global freight forwarding market at USD 230.68 billion in 2025, projected to grow to USD 365.15 billion by 2035.
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Global Customs Brokerage Market: The global customs brokerage market was estimated at USD 27.6 billion in 2024 and is projected to increase to USD 57.7 billion by 2035. North America is a market leader, holding a significant share of 12.5% in 2024.
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Global Managed Transportation Services (MTS) Market: The global managed transportation services market was valued at USD 15.4 billion in 2025 and is expected to grow to USD 35.69 billion in 2030. The global transportation management system (TMS) market, which includes managed transportation services, was valued at USD 15 billion in 2025 and is expected to reach USD 40.3 billion in 2035. North America dominated the TMS market with a size of USD 5.9 billion in 2025.
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Global Fresh Produce Market (Robinson Fresh): The global fresh fruits & vegetables market size was estimated at USD 854.42 billion in 2024 and is projected to reach USD 1,274.25 billion by 2033. The North American fresh produce market reached USD 338.82 billion in 2024.
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- Continued Market Share Gains in North American Surface Transportation (NAST): C.H. Robinson has consistently demonstrated the ability to gain market share in its core North American truckload and less-than-truckload (LTL) services, even amidst broader market declines. This sustained focus on capturing a larger portion of the freight market is a key driver for revenue expansion.
- Leveraging AI and Technology for Productivity and Efficiency: The company's "Lean AI" strategy is central to driving significant productivity improvements across both its North American Surface Transportation and Global Forwarding segments. These efficiencies are anticipated to enhance profitability and allow C.H. Robinson to manage higher volumes more effectively and competitively, thereby supporting overall revenue growth.
- Strategic Growth and Diversification in Global Forwarding: Despite recent challenges in ocean freight rates, C.H. Robinson is emphasizing disciplined revenue management, improving portfolio yield, and diversifying its trade lane and industry vertical exposure within its Global Forwarding business. This segment has already seen growth in areas like customs brokerage services.
- Expansion of Integrated Supply Chain Solutions and Managed Services: C.H. Robinson is experiencing growth in its integrated supply chain solutions, especially for foodservice customers, and in its broader fee-based managed services. Offering more comprehensive and value-added logistics solutions is a growing area that contributes to increased revenue.
- Capitalizing on Nearshoring and Mexico Cross-Border Business: The ongoing trend of nearshoring, which involves the relocation of manufacturing closer to end markets, particularly to Mexico, presents a substantial opportunity for C.H. Robinson. The company's established presence and extensive services in cross-border logistics are well-positioned to benefit from this increased demand.
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Share Repurchases
- In October 2025, C.H. Robinson Worldwide authorized a new $2 billion share repurchase program, intended to be executed over approximately three years.
- The company repurchased shares totaling $1.45 billion in 2022, $63.88 million in 2023, and $354.652 million in 2025.
- In December 2021, the Board of Directors increased the existing share repurchase authorization by an additional 20 million shares.
Outbound Investments
- C.H. Robinson Worldwide acquired Combinex, a transport services provider, in May 2021 for an undisclosed amount.
Capital Expenditures
- Capital expenditures were $34.20 million in 2021, $61.92 million in 2022, $29.99 million in 2023, $22.65 million in 2024, and $19.63 million in 2025.
- Expected capital expenditures for 2026 are projected to be in the range of $75 million to $85 million.
- The primary focus of capital expenditures includes investments in digitalization, customer platforms, and automation, particularly the company's "Lean AI strategy" to enhance productivity and operating leverage.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 175.11 |
| Mkt Cap | 22.1 |
| Rev LTM | 9,742 |
| Op Inc LTM | 777 |
| FCF LTM | 633 |
| FCF 3Y Avg | 376 |
| CFO LTM | 925 |
| CFO 3Y Avg | 753 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.9% |
| Rev Chg 3Y Avg | -5.4% |
| Rev Chg Q | 1.9% |
| QoQ Delta Rev Chg LTM | 0.5% |
| Op Inc Chg LTM | 7.1% |
| Op Inc Chg 3Y Avg | -8.7% |
| Op Mgn LTM | 6.1% |
| Op Mgn 3Y Avg | 5.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 7.1% |
| CFO/Rev 3Y Avg | 7.6% |
| FCF/Rev LTM | 5.3% |
| FCF/Rev 3Y Avg | 4.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 22.1 |
| P/S | 1.7 |
| P/Op Inc | 24.2 |
| P/EBIT | 24.2 |
| P/E | 31.7 |
| P/CFO | 22.7 |
| Total Yield | 3.5% |
| Dividend Yield | 0.8% |
| FCF Yield 3Y Avg | 3.7% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.8% |
| 3M Rtn | 20.8% |
| 6M Rtn | 25.9% |
| 12M Rtn | 69.0% |
| 3Y Rtn | 54.2% |
| 1M Excs Rtn | 3.4% |
| 3M Excs Rtn | 4.5% |
| 6M Excs Rtn | 17.0% |
| 12M Excs Rtn | 42.0% |
| 3Y Excs Rtn | -18.3% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| North American Surface Transportation (NAST) | 11,563 | 11,728 | 12,471 | 15,827 | |
| Global Forwarding | 3,090 | 3,805 | 2,998 | 6,812 | |
| Other revenues | 1,580 | 2,192 | 2,128 | 2,057 | |
| Sourcing | 1,056 | ||||
| Transportation and logistics services | 22,047 | ||||
| Total | 16,233 | 17,725 | 17,596 | 24,697 | 23,102 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| North American Surface Transportation (NAST) | 622 | 531 | 460 | 833 |
| Global Forwarding | 184 | 212 | 86 | 449 |
| Other operating income (loss) | -11 | -75 | ||
| Other revenues | -31 | -16 | ||
| Total | 795 | 669 | 515 | 1,267 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| North American Surface Transportation (NAST) | 2,853 | 2,875 | 3,008 | 3,304 |
| Global Forwarding | 1,142 | 1,335 | 1,095 | 1,508 |
| All Other and Corporate | 1,063 | 1,088 | ||
| Other revenues | 1,122 | 1,142 | ||
| Total | 5,058 | 5,298 | 5,225 | 5,955 |
Price Behavior
| Market Price | $187.07 | |
| Market Cap ($ Bil) | 22.4 | |
| First Trading Date | 10/16/1997 | |
| Distance from 52W High | -6.1% | |
| 50 Days | 200 Days | |
| DMA Price | $177.73 | $162.93 |
| DMA Trend | up | up |
| Distance from DMA | 5.3% | 14.8% |
| 3M | 1YR | |
| Volatility | 39.2% | 42.5% |
| Downside Capture | 69.26 | 32.27 |
| Upside Capture | 79.42 | 106.94 |
| Correlation (SPY) | 27.8% | 22.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.56 | 0.73 | 0.86 | 1.18 | 0.79 | 0.64 |
| Up Beta | 3.06 | 1.15 | 0.93 | 0.69 | 0.70 | 0.60 |
| Down Beta | -1.97 | -2.30 | 0.77 | 1.77 | 1.14 | 0.69 |
| Up Capture | 7% | 65% | 59% | 124% | 106% | 41% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 20 | 30 | 63 | 135 | 386 |
| Down Capture | 84% | 127% | 116% | 116% | 47% | 81% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 21 | 33 | 61 | 115 | 364 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CHRW | |
|---|---|---|---|---|
| CHRW | 104.0% | 42.4% | 1.78 | - |
| Sector ETF (XLI) | 29.7% | 16.2% | 1.42 | 29.7% |
| Equity (SPY) | 26.1% | 12.4% | 1.59 | 22.3% |
| Gold (GLD) | 24.1% | 27.5% | 0.77 | 13.8% |
| Commodities (DBC) | 18.5% | 18.8% | 0.77 | -3.9% |
| Real Estate (VNQ) | 11.8% | 13.8% | 0.57 | 18.2% |
| Bitcoin (BTCUSD) | -40.2% | 42.5% | -1.09 | 4.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CHRW | |
|---|---|---|---|---|
| CHRW | 16.4% | 32.4% | 0.52 | - |
| Sector ETF (XLI) | 13.8% | 17.5% | 0.62 | 40.0% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 35.7% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 6.3% |
| Commodities (DBC) | 7.5% | 19.4% | 0.28 | 11.9% |
| Real Estate (VNQ) | 2.1% | 18.9% | 0.01 | 32.3% |
| Bitcoin (BTCUSD) | 9.4% | 54.1% | 0.37 | 10.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CHRW | |
|---|---|---|---|---|
| CHRW | 12.5% | 28.9% | 0.46 | - |
| Sector ETF (XLI) | 14.4% | 20.0% | 0.63 | 43.3% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 40.5% |
| Gold (GLD) | 12.2% | 16.1% | 0.62 | 2.4% |
| Commodities (DBC) | 6.0% | 18.0% | 0.26 | 14.1% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 31.9% |
| Bitcoin (BTCUSD) | 59.9% | 66.8% | 1.00 | 7.8% |
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Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/29/2026 | -2.5% | -9.6% | -4.2% |
| 1/28/2026 | 5.1% | 7.8% | 0.5% |
| 10/29/2025 | 19.7% | 18.4% | 23.9% |
| 7/30/2025 | 18.1% | 20.6% | 32.4% |
| 4/30/2025 | 1.2% | -1.9% | 7.6% |
| 1/29/2025 | -6.9% | -9.9% | -5.8% |
| 10/30/2024 | -6.0% | -2.9% | -3.7% |
| 7/31/2024 | 14.8% | 9.8% | 15.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 13 |
| # Negative | 12 | 11 | 11 |
| Median Positive | 7.5% | 8.0% | 7.6% |
| Median Negative | -6.1% | -9.6% | -4.2% |
| Max Positive | 19.7% | 20.6% | 32.4% |
| Max Negative | -12.6% | -15.6% | -11.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/29/2026 | -2.5% | -9.6% | -4.2% |
| 1/28/2026 | 5.1% | 7.8% | 0.5% |
| 10/29/2025 | 19.7% | 18.4% | 23.9% |
| 7/30/2025 | 18.1% | 20.6% | 32.4% |
| 4/30/2025 | 1.2% | -1.9% | 7.6% |
| 1/29/2025 | -6.9% | -9.9% | -5.8% |
| 10/30/2024 | -6.0% | -2.9% | -3.7% |
| 7/31/2024 | 14.8% | 9.8% | 15.7% |
| 5/1/2024 | 12.3% | 12.3% | 19.8% |
| 1/31/2024 | -12.6% | -12.4% | -11.4% |
| 11/1/2023 | -0.0% | -0.1% | 3.0% |
| 8/2/2023 | 0.8% | 0.5% | -6.6% |
| 4/26/2023 | 7.8% | 13.6% | 7.5% |
| 2/1/2023 | 2.2% | 1.3% | -0.5% |
| 11/2/2022 | -9.9% | -5.5% | 1.6% |
| 7/27/2022 | 6.9% | 8.0% | 18.2% |
| 4/27/2022 | 7.3% | 7.5% | 4.6% |
| 2/2/2022 | -11.5% | -15.6% | -1.4% |
| 10/26/2021 | -0.9% | -4.0% | -0.3% |
| 7/27/2021 | -3.1% | 0.1% | -1.1% |
| 4/27/2021 | -3.1% | 2.8% | 0.8% |
| 1/26/2021 | -6.1% | -11.2% | -7.7% |
| 10/27/2020 | -11.4% | -10.8% | -7.0% |
| 7/28/2020 | 9.3% | 9.5% | 11.6% |
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 13 |
| # Negative | 12 | 11 | 11 |
| Median Positive | 7.5% | 8.0% | 7.6% |
| Median Negative | -6.1% | -9.6% | -4.2% |
| Max Positive | 19.7% | 20.6% | 32.4% |
| Max Negative | -12.6% | -15.6% | -11.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 10/29/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 04/30/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 10/30/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 05/01/2020 | 10-Q |
| 12/31/2019 | 02/19/2020 | 10-K |
| 09/30/2019 | 11/04/2019 | 10-Q |
| 06/30/2019 | 08/08/2019 | 10-Q |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 4/29/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Effective Tax Rate | 18.0% | 19.0% | 20.0% | 0 | 0 | Affirmed | Guidance: 19.0% for 2026 |
| 2026 Capital Expenditures | 75.00 Mil | 80.00 Mil | 85.00 Mil | 0 | Affirmed | Guidance: 80.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 1/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Effective Tax Rate | 18.0% | 19.0% | 20.0% | 0 | 0 | Affirmed | Actual: 19.0% for 2025 |
| 2026 Capital Expenditures | 75.00 Mil | 80.00 Mil | 85.00 Mil | 14.3% | Higher New | Actual: 70.00 Mil for 2025 | |
Insider Activity
Updated 6/2/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Castagnetto, Michael D | Pres, NAST | Direct | Buy | 2132026 | 168.24 | 594 | 100,000 | 5,970,566 | Form |
| 2 | Bozeman, David P | President & CEO | Direct | Buy | 2132026 | 163.34 | 1,223 | 199,771 | 31,133,557 | Form |
| 3 | Rajan, Arun | Chief Strat & Innov Officer | Direct | Buy | 2132026 | 167.11 | 605 | 101,102 | 22,335,388 | Form |
| 4 | Lee, Damon J | Chief Financial Officer | Direct | Buy | 2132026 | 162.52 | 620 | 100,764 | 6,722,564 | Form |
| 5 | Freeman, Angela K | CHRO and ESG Officer | Direct | Sell | 2112026 | 200.52 | 8,579 | 1,720,261 | 11,151,118 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Castagnetto, Michael D | Pres, NAST | Direct | Buy | 2132026 | 168.24 | 594 | 100,000 | 5,970,566 | Form |
| 2 | Bozeman, David P | President & CEO | Direct | Buy | 2132026 | 163.34 | 1,223 | 199,771 | 31,133,557 | Form |
| 3 | Rajan, Arun | Chief Strat & Innov Officer | Direct | Buy | 2132026 | 167.11 | 605 | 101,102 | 22,335,388 | Form |
| 4 | Lee, Damon J | Chief Financial Officer | Direct | Buy | 2132026 | 162.52 | 620 | 100,764 | 6,722,564 | Form |
| 5 | Freeman, Angela K | CHRO and ESG Officer | Direct | Sell | 2112026 | 200.52 | 8,579 | 1,720,261 | 11,151,118 | Form |
| 6 | Short, Michael John | President, Global Forwarding | Direct | Sell | 2112026 | 201.30 | 6,368 | 1,281,878 | 10,487,931 | Form |
| 7 | Castagnetto, Michael D | Pres, NAST | Direct | Sell | 2042026 | 194.20 | 2,849 | 553,276 | 5,466,536 | Form |
| 8 | Short, Michael John | President, Global Forwarding | Direct | Sell | 1202026 | 175.00 | 1,230 | 215,250 | 9,437,400 | Form |
| 9 | Short, Michael John | President, Global Forwarding | Direct | Sell | 1052026 | 161.91 | 2,390 | 386,965 | 8,930,632 | Form |
| 10 | Rajan, Arun | Chief Strat & Innov Officer | Direct | Sell | 11182025 | 152.77 | 2,500 | 381,925 | 19,568,462 | Form |
| 11 | Freeman, Angela K | CHRO and ESG Officer | Direct | Sell | 11102025 | 149.71 | 49,884 | 7,467,893 | 9,839,822 | Form |
| 12 | Castagnetto, Michael D | Pres, NAST | Direct | Sell | 11052025 | 151.70 | 45,266 | 6,866,686 | 5,164,653 | Form |
| 13 | Rajan, Arun | Chief Strat & Innov Officer | Direct | Sell | 8192025 | 121.74 | 2,500 | 304,350 | 15,898,148 | Form |
| 14 | Freeman, Angela K | CHRO and ESG Officer | Direct | Sell | 8132025 | 116.24 | 5,713 | 664,096 | 7,640,420 | Form |
| 15 | Short, Michael John | President, Global Forwarding | Direct | Sell | 8082025 | 117.24 | 6,364 | 746,125 | 7,081,504 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Air Freight & Logistics Resources |
| Air Cargo World |
| Logistics Management |
| Journal of Commerce (JOC) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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