66.51 Up +0.40 +0.61%
COMPANY ADDRESS
C.H. ROBINSON WORLDWIDE Inc
14701 Charlson Road
Eden Prairie, MN 55347-5088
USA - Map
Phone: +1 952 937-8500
Website
COMPANY INFORMATION
Exchange: NASDAQ national market
Stock: CH Robinson Worldwide Inc
Industry: Integrated Shipping & Logistics
Employees: 11,676
DESCRIPTION
CH Robinson Worldwide Inc is a service company reincorporated in Delaware in 1997 as the successor to a business existing, in various legal forms, since 1905. The Company is the third party logistics company in the world providing freight transportation services and logistics solutions to companies of all sizes, in a wide variety of industries. In 2013, the Company handled approximately 12.7 million shipments and worked with more than 46,000 active customers. It operates through a network of 285 offices, which it calls branches, in North America, Europe, Asia, South America, and Australia. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. The Company has contractual relationships with approximately 63,000 transportation companies, including motor carriers, railroads (primarily intermodal service providers), and air freight and ocean carriers. As an integral part of its transportation services, it provides a wide range of value-added logistics services, such as freight consolidation, supply chain consulting and analysis, optimization, and reporting. In addition to transportation, it provides sourcing services (Sourcing). Its Sourcing business is primarily the buying, selling, and marketing of fresh produce which was its original business when the Company was founded in 1905. The Company supplies fresh produce through its network of independent produce growers and suppliers. Its customers include grocery retailers and restaurants, produce wholesalers, and foodservice distributors. In many cases, the Company also arranges the logistics and transportation of the products it sells and provide related supply chain services such as replenishment, category management, and merchandising. The Company provides fee-based payment services ("Payment Services") primarily through its subsidiary, T-Chek Systems, Inc., ("T-Chek"). T-Chek provided a variety of payment management and business intelligence services primarily to motor carrier companies and to fuel distributors. Those services included funds transfer, fuel purchasing, and online expense management. For of these services, T-Chek charged a fee per transaction. It competes against logistics companies as well as transportation providers that own equipment, third party freight brokers, internet matching services, internet freight brokers, and carriers offering logistics services and also compete against carriers internal sales forces.
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Financial data in US dollars | Page generated 12:58 PM ET
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