C.H. Robinson Worldwide, Inc. – Company Information
|Company||C.H. Robinson Worldwide, Inc.|
|Headquarters||14701 Charlson Road, Eden Prairie, Minnesota 55347-5088, USA|
|Chairman, CEO and President||John P. Wiehoff|
|CFO||Chad M. Lindbloom|
|Founder||Charles Henry Robinson|
|NASDAQ stock symbol||CHRW|
|Revenue||$13.470 billion (2014)|
|Net income||$449.711 million (2014)|
|Earnings per share||$3.05 USD (2014)|
|Investor relations contact number:||(952) 683-5007|
|Investor relations contact email:||Tim.Gagnon@chrobinson.com|
C.H. Robinson Worldwide, Inc. is a multinational third party logistics provider, based in Minnesota, USA.
It is publicly listed on the NASDAQ Stock Exchange under the stock ticker symbol ‘CHRW’.
The company offers its services to more than 45,000 clients through approximately 285 offices in North America, South America, Asia, and Europe. In 2013 it handled a total of around 12.7 million shipments.
C.H. Robinson Worldwide focuses on transportation and freight logistics, fresh produce sourcing, outsource solutions, and information services.
As a third party logistics provider, C.H Robinson enters into contractual relationships with transportation companies and uses the relationships to transport clients’ freight. As of February 2014, it has contractual relationships with more than 63,000 transportation companies. The business model allows it to minimize asset utilization risk.
The company claims to have the largest network of motor carrier capacity in North America.
The history of C.H. Robinson traces back to a small wholesale brokerage house, operated by Charles H. Robinson in the early 1990s, that provided produce in North Dakota and Minnesota.
After the Federal Highway Act of 1956 C.H. Robinson entered the trucking business and became a middleman in the sourcing operation for shippable products.
The majority of the revenue that C.H. Robinson generates comes from transportation of goods accounts, with most of the remainder coming from sourcing and marketing fresh produce.
|Income statement data (in $ thousands)||2014*||2013*|
|Costs and expenses||$12,721,649||$12,069,426|
|Income from operations||$748,418||$682,650|
|Income before provision for income taxes||$723,431||$673,361|
|Balance sheet data (in $ thousands)|
|Common share data (in $)|
|Earnings per Common Share – Basic||$3.06||$2.65|
|Earnings per Common Share – Diluted||$3.05||$2.65|
|Cash flow data (in $ thousands)|
|Net cash provided by operating activities||$513,426||$347,777|
|Net cash used for investing activities||$(388,896)||$(28,859)|
|Net cash used in financing activities||$(143,637)||$(364,904)|
|Cash and cash equivalents, beginning of year||$162,047||$210,019|
|Cash and cash equivalents, end of year||$128,940||$162,047|
*Years Ended December 31