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
Industry Transportation Services
Founder Charles Henry Robinson
Founded 1905
Type Public
NASDAQ stock symbol CHRW
Revenue $13.470 billion (2014)
Net income $449.711 million (2014)
Earnings per share $3.05 USD (2014)
Employees 11,521 (2014)
Website http://www.chrobinson.com
Investor relations contact number: (952) 683-5007
Investor relations contact email: [email protected]

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*
Revenues $13,470,067 $12,752,076
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
Net income $449,711 $415,904
Comprehensive income $431,721 $414,629
Balance sheet data (in $ thousands)
Total assets $3,214,338 $2,802,818
Total liabilities $2,167,323 $1,863,094
Total equity $1,047,015 $939,724
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

Source: “C.H. Robinson Worldwide, Inc. Form 10-K 2014”