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CH Robinson Worldwide

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CH Robinson Worldwide

C.H. Robinson Worldwide, Inc.
Public
Traded as S&P 500 Component
Industry Transportation
Founded Grand Forks, North Dakota (1905)
Headquarters Eden Prairie, Minnesota, U.S.
Key people John P. Wiehoff
(Chairman and CEO)
Revenue

Increase $ 11.359 billion (FY 2011)

[1]
Operating income Decrease $ 675.3 million (2012)[1]
Net income Increase $ 593.8 million (2012)[1]
Total assets Increase $ 2.804 billion (2012)[1]
Total equity Increase $ 1.504 billion (2012)[1]
Employees 10,929 (December 2012)[1]
Website

C.H. Robinson Worldwide, Inc. (

During 2012, C.H. Robinson handled approximately 11.5 million shipments and worked with more than 42,000 active customers.[1] As a third party logistics provider, C.H. Robinson does not own the transportation equipment that is used to transport its customers' freight (with the exception of rail containers). It works with approximately 56,000 transportation providers worldwide, of which the vast majority are contracted motor carriers.[1] C.H. Robinson's transportation of goods accounts for roughly 88% of its gross net revenues; the remaining revenues come from sourcing and marketing fresh produce and its T-Chek Service Unit, which provides payment management services to the trucking industry.[4]

Based in North America, C.H. Robinson has 276 branch offices in Europe, Asia, South America, and Australia.[1] its division that operates the company's Managed TMS has control towers located in Chicago, Amsterdam and Mumbai. A new control tower opened recently (2011) in Shanghai, China.[5]

History

In 1905, Charles Henry Robinson (born in New York City) partnered with Fred Parks Nash and Willis King Nash to incorporate C.H. Robinson Company in the city of Grand Forks, North Dakota, as a produce and general merchandise brokerage firm. Robinson expanded the business and moved the headquarters to Minneapolis, Minnesota in 1919. In 1968, the company entered the regulated trucking business with a contract carrier known as Meat Packers Express in Omaha, Nebraska and later created ROBCO Transportation as an irregular route carrier.[6] The company became wholly owned by its employees in 1976.[7]

The

C.H. Robinson went public on October 16, 1997, as C.H. Robinson Worldwide, Inc. (NASDAQ: 

Throughout the past two decades, C.H. Robinson has expanded primarily through organic growth. It has also made several

On March 4, 2010, Fortune magazine named C. H. Robinson as the most admired transportation, trucking and logistics company in the world[10] and on March 21, 2011 Union Pacific was named first and C.H. Robinson named second.[11]

Services

C.H. Robinson provides logistics services, including supply chain analysis, freight consolidation, core carrier program management and information reporting.

In addition to multimodal transportation services, C.H. Robinson provides other logistics business lines: fresh produce sourcing, fee-based transportation management services, customs brokerage, logistics outsourcing, Managed TMS and warehousing.[12]

Corporate

The C.H. Robinson business model is based on a network of regional sales offices. The company operates 200+ offices around the world. Representatives in these offices assess local and global market conditions and deal directly with customers and contract carriers.[4]

The company's revenues in terms of transportation mode (as of 2011) are as follows:

  • Truck - 88% of net revenue
  • Intermodal - 2.9% of net revenue
  • Ocean - 4.6% of net revenue
  • Air - 2.7% of net revenue
  • Other Logistics Services – 1.8% of net revenue[4]

References

External links

  • Official Website
  • C. H. Robinson Worldwide SEC Filings
Companies portal
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