True “produce season” in the continental United States lasts from about April to October, with Sun Belt markets dominating April through June and Midwestern markets dominating July through October.
In the latest episode of "The FreightCaviar Podcast", we sit down with Michael Caney, Chief Commercial Officer at Highway. He shares tips on protecting your business against fraud and talks about Highway's newest product.
Plus, a politician gets slammed for uninformed trucking post, Walmart invests big in Mexico, railroad cargo theft takes spotlight, and more.
C.H. Robinson's Q4 2023 earnings report showed a decline in gross profits by 20% to $609.3 million, and income from operations decreased by 34.5% from a year earlier.
C.H. Robinson's Q4 2023 report shows continued struggle with a difficult freight environment. Income from operations fell 34.5% year-over-year to $107.4 million. Gross profits decreased by 20% to $609.3 million. Adjusted gross profits across all transportation modes were lower than in the previous quarter.
Stock Price Impact: Post-earnings announcement, C.H. Robinson's stock price fell 12.59%, reflecting investor concerns over the company's financial health and market positioning.
Verdict on earnings at $CHRW has been swift and savage. It hit a 52-wk low at $71.57 today. It was $89.71 as recently as Jan 5. Stock hasn't been this low since May '20. At its nadir today it was down 14.9% from Wed close. It popped back to $73.35 by 3:45 pm EST. #trucking pic.twitter.com/0asTFz3Vzd
— John Kingston (@JohnHKingston) February 1, 2024
Company's Outlook and Strategy: CEO David Bozeman emphasized strategies to mitigate these challenges, including a focus on the spot market and cost optimization efforts.
Source: FreightWaves | C.H. Robinson
Forward Air bounces back 30% after tanking from its Omni merger mess. Investors are cautiously optimistic about the turnaround.
Aurora raises $483M, extending runway to 2026. Plans driverless truck launch in Texas by year-end. Here's how they are tackling trucking industry challenges.
UPS maintains ambitious 2026 targets, but investors remain skeptical as it misses its Q2 expectations, sending the stock tumbling 13%.
Lineage, the cold chain logistics leader, plans a massive $3.85 billion IPO, offering 47 million shares priced between $70 to $82 each.
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