C.H. Robinson Worldwide

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C.H. Robinson Worldwide, Inc. (NASDAQ: [CHRW]), is a leading third-party, nonasset based, logistics provider (abbreviated 3PL). C.H. Robinson provides freight transportation services and logistics solutions to companies in a variety of industries.

Contents

1 History
2 Corporate Governance
3 Analyst Coverage
4 Corporate Accolades
5 Other Information
6 External links

History

The company was incorporated as C.H. Robinson Company in 1905 as a produce and general merchandise brokerage firm. After several years, Robinson expanded their business to address the complex problem of how to transport and distribute perishable products before they spoil by horse and buggy.

In 1968, the company entered the regulated trucking business with a contract carrier known as Meat Packers Express, and later created ROBCO Transportation as an irregular route carrier. Robinson became wholly owned by its employees in 1976. In 1978, The Fresh1® brand was introduced for Robinson’s produce brokerage business. Robinson bought its first IBM mainframe in 1979, which began an era of centrally supported technology, electronics communications and information sharing.

The passage of the Motor Carrier Act in 1980 deregulated transportation, allowing C.H. Robinson to act as a freight brokerage for any type of product. In 1986, ROBCO was divested and Robinson became a completely non-asset based logistics provider. The company went public on October 16, 1997 as C.H. Robinson Worldwide (NASDAQ: [CHRW]).

Corporate Governance

John P. Wiehoff took the reins as CEO from D.R. “Sid” Verdoorn in 2002. The chairman of the board is D.R. “Sid” Verdoorn. Directors include Robert Ezrilov, Wayne M. Fortun, Kenneth E. Keiser, ReBecca Koenig Roloff, Gerald A. Schwalback, Brian P. Short, Michael W. Wickham and John P. Wiehoff.

Analyst Coverage

See [Yahoo! analyst converage]

Brand, Alexander (Stephens Inc.)
Campbell, David (Thompson, Davis, & Co.)
Davis, Mark (FTN Midwest Research)
Larkin, John (Stifel Nicolaus & Company, Inc.)
Barnes, John (BB&T Capital Markets)
Cook, Brannon (J.P. Morgan)

Corporate Accolades

Fortune America’s Most Admired Companies 2006: Ranked 2nd in the Transportation and Logistics Category
Member: Nasdaq-100
Member of the Fortune 500: Rank 442 (2005)

Other Information

CHRW got its start in 1905 as a produce company. Today, they are one of North America's largest third party logistics (3PL) companies, with operations in the United States, Canada, Mexico, South America, Europe, and Asia. Most of their revenues come from providing truck, rail, ocean, and air transportation throughout the world. Sourcing and information services are also important components of their business mix.

External links

C.H. Robinson Worldwide, Inc.
*[CHRW] – ‘Official Website’
*[Investor Relations] – ‘Financials and Corporate Information’

General
*[Finance and News]

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