CH Robinson Worldwide Inc (CHRW)

C.H. Robinson Boosts High-Value Cargo Capabilities with Acquisition of DeSpir Logistics™June 22, 2026 4:05 PM
Business Wire C.H. Robinson (NASDAQ: CHRW), the global leader in Lean AI supply chains, today announced it has acquired DeSpir Logistics, a specialized provider of secure transportation solutions and cargo escort services for mission-critical, high-value freight across North America. This acquisition strengthens C.H. Robinson’s capabilities in premium, defensible services where security, compliance, and execution excellence are key decision drivers. This builds on the company’s ability to deliver tailored solutions for highly sensitive, regulated shipments across industries such as healthcare, life sciences, data centers, aerospace, and high-value retail — where precision, pre-planning, and real-time visibility are critical. Demand for these services is accelerating as supply chains become more complex and cargo theft grows more sophisticated. “With DeSpir, we’re strengthening how we help customers move freight that requires an extra layer of protection. This is the kind of cargo where the stakes are incredibly high, like life-saving pharmaceuticals that must stay within strict temperature ranges, or critical data center equipment that is frequently targeted for theft,” said Adam McDonough, vice president of committed assets. “Think of it like this: C.H. Robinson is the large, highly efficient logistics engine with industry leading safety and fraud prevention, while DeSpir is a specialized operations team within it — designed to handle complex, high-risk, high-value freight with the greatest level of control and precision. This is a specialized service that many of our customers need.” The acquisition also expands C.H. Robinson’s network of highly vetted, security-focused carriers, further strengthening its ability to move a wider range of high-value freight. To meet the specialized demands of these shipments, drivers undergo individual vetting, maintain required certifications, and are subject to ongoing audits. Unlike traditional carrier networks built primarily for scale, reliability, safety, and flexibility, this closed-loop network is also built for maximum control and security. In addition, DeSpir enhances the company’s technology portfolio with advanced, high-security capabilities across the life of a shipment, including strengthening real-time monitoring of temperature fluctuations and detecting potential cargo tampering to address risks before they escalate. By applying C.H. Robinson’s Lean AI approach to DeSpir’s high-security platform, the company can further scale these capabilities, unlocking greater visibility, deeper insights, and improved performance across high-stakes supply chains. “We’re taking very specific, nuanced expertise and coupling it with our scale,” said Michael Castagnetto, president of North American Surface Transportation. “By bringing together highly vetted carriers, advanced technology, and logisticians who know high-value freight inside and out — powered by our Lean AI — we’re able to deliver the level of precision, security, and white-glove service these shipments demand.” “We’re proud of the team and the specialized capabilities we’ve built at DeSpir,” said John Carr, Managing Partner at DeSpir Logistics. “Joining C.H. Robinson allows us to extend that expertise to more customers, while continuing to deliver the level of control and precision our customers have always expected from us. It’s a strong fit for our people and for what we’ve built.” The acquisition of DeSpir builds on C.H. Robinson’s disciplined approach to growth, adding targeted capabilities that strengthen its ability to serve complex, high-value segments and key strategic verticals while increasing customer value. “We’ve been deliberate and disciplined in how we approach M&A,” said Damon Lee, Chief Financial Officer. “Over the past year, we’ve strengthened our operating model, sharpened our focus, and built a more efficient cost structure — putting us in a position to invest with purpose to enhance our value creation. DeSpir brings differentiated expertise, which when combined with C.H. Robinson’s scale, we expect to deliver superior results for our customers, carriers and shareholders. DeSpir had $62 million in total revenues for the fiscal year ended December 31, 2025. C.H. Robinson purchased DeSpir for approximately $75 million in cash. The acquisition is expected to be slightly accretive in 2026 and will be financed through cash on hand. The deal officially closed today. About C.H. Robinson C.H. Robinson is the global leader in Lean AI supply chains. For more than a century, companies everywhere have looked to us to reimagine how goods move. Now, as we redefine what’s next for the industry, that same drive fuels our commitment to Building Tomorrow’s Supply Chains, Today™. Trusted by 75,000 customers and 450,000 contract carriers, we manage 37 million shipments annually, representing $23 billion in freight. We deliver tailored solutions across the world via truckload, less-than-truckload, ocean, air, and more. With our unique combination of human insight and Lean AI working as one, supply chains move faster, smarter, and more sustainably. As a responsible global citizen, we proudly contribute millions to the causes that matter most to our employees. For more information, visit us at chrobinson.com (Nasdaq: CHRW). About DeSpir Logistics DeSpir Logistics LLC is the leading specialized transportation provider for high-value, high-risk, and temperature-controlled cargo. Transporting critical assets calls for extraordinary measures and DeSpir leverages proprietary technologies and processes to plan for everything, assume nothing, and execute flawlessly. DeSpir’s service uses Quality Management standards that are based on GDP and TAPA guidelines and informed by our extensive experience with transporting expedited and high value cargo. Forward-Looking Statements Except for the historical information contained herein, the matters set forth in this release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience or our present expectations, including, but not limited to whether and when the Company will be able to realize the expected financial results of the transaction, and how customers, competitors and employees will react to the transaction, as well as other risks and uncertainties detailed in our Annual and Quarterly Reports. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update such statements to reflect events or circumstances arising after such date. CHRW-IR View source version on businesswire.com: https://www.businesswire.com/news/home/20260622962595/en/ FOR INVESTOR INQUIRIES, CONTACT:
Chuck Ives
Email: chuck.ives@chrobinson.com FOR MEDIA INQUIRIES, CONTACT:
Rachel Rowell
Email: PublicRelations@chrobinson.com Original: C.H. Robinson Boosts High-Value Cargo Capabilities with Acquisition of DeSpir Logistics™

BidBoardX expands carrier access to committed freight, bringing ease and efficiency to a fragmented marketplaceJune 17, 2026 12:00 PM
Business Wire New C.H. Robinson self-service digital freight tool offers more loads and less complexity, connecting unmet shipper and carrier needs C.H. Robinson, the global leader in Lean AI supply chains, today announced the launch of BidBoardX™, a digital freight tool that gives carriers direct access to the company’s portfolio of longer-term committed freight opportunities, while giving shippers the strategic carrier base and operational options they need in a fast-evolving economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260612658965/en/ In response to customer and carrier desires, BidBoardX brings together two major industry needs: Carriers have been looking for better access to committed freight, dependable opportunities, and predictable revenue streams. Shippers have been looking for more reliable coverage on critical lanes, a broader pool of carriers that fit their needs, and more consistency in service. Despite these overlapping needs, there has long been a disconnect that sent both sides looking for solutions on the spot market, with all the extra effort and unpredictability involved. BidBoardX closes that disconnect by creating an efficient online marketplace at the industry-leading scale of C.H. Robinson, which connects 450,000 carriers with 75,000 customers and manages 37 million shipments annually. "C.H. Robinson works with carriers of all sizes that have different needs,” said Adam McDonough, Vice President for Capacity at C.H. Robinson. “Small carriers want consistent, predictable revenue opportunities, while mid- to large-size carriers want to optimize their networks. With BidBoardX, they get direct access to the opportunities that best fit their business needs, including local or short haul, dedicated freight, and our Drop Trailer Plus and 4PL programs. That’s how we connect unmet supply and demand and create significantly more value in the marketplace.” Committed freight refers to planned, higher-volume shipments with defined timelines and expectations. For instance, it could mean a series of 400 loads between two cities, within a certain timeframe, on specific days of the week. This is the kind of steady, repeatable freight that carriers can plan around and for which shippers need coverage they can count on. The same way C.H. Robinson’s network comprises carriers of all sizes, it also includes tens of thousands of shippers – ranging from small businesses to global enterprises – all with their own specific logistics needs. For carriers, finding these companies’ committed freight opportunities has historically been a manual process that involved long phone or email exchanges, with limited visibility into what was available. Through BidBoardX, available on C.H. Robinson’s digital platform, certified carriers in C.H. Robinson’s network can search for freight that previously wasn’t accessible to them, submit bids and track their activity – all through one user-friendly online interface. As a result: Carriers can find more freight, thanks to C.H. Robinson’s industry-leading scale. They can use advanced search tools to find the opportunities best fit for them and bid on deals of various sizes. They can go beyond one-off transactions and build strong relationships with leading shippers. BidBoardX builds on C.H. Robinson’s Carrier Commitment: delivering more loads, smarter solutions and personalized support. By lowering the barriers to entry for committed freight, it levels the playing field for carriers of all sizes in the C.H. Robinson network, reduces friction, and saves significant time and effort. This allows carriers to spend more time moving loads instead of searching for them. At the same time, it preserves the crucial human element by involving C.H. Robinson’s trusted experts in the process. As they review and finalize bids, they help ensure that carriers and shippers are a good fit for each other. For shippers, this is an extra layer of assurance that the carriers moving their freight meet strict safety standards. “The carrier market has long been built around fragmented, transactional decisions,” said Michael Castagnetto, C.H. Robinson’s President of North American Surface Transportation. “What we’re doing with BidBoardX is creating a more structured, network-driven approach that helps carriers build their business with greater stability, while giving shippers more dependable outcomes. At our scale, that is the kind of improvement that can drive meaningful impact across the supply chain.” BidBoardX is available today. Carriers can sign up via the C.H. Robinson carrier platform. About C.H. Robinson C.H. Robinson is the global leader in Lean AI supply chains. For more than a century, companies everywhere have looked to us to reimagine how goods move. Now, as we redefine what’s next for the industry, that same drive fuels our commitment to Building Tomorrow’s Supply Chains, Today™. Trusted by 75,000 customers and 450,000 contract carriers, we manage an unmatched 37 million shipments annually, representing $23 billion in freight. We deliver tailored solutions across the world via truckload, less-than-truckload, ocean, air and more. With our unique combination of human insight and Lean AI working as one, supply chains move faster, smarter and more sustainably. As a responsible global citizen, we proudly contribute millions to the causes that matter most to our employees. For more information visit www.chrobinson.com. (Nasdaq: CHRW) View source version on businesswire.com: https://www.businesswire.com/news/home/20260612658965/en/ Maria Lettman
maria.lettman@chrobinson.com Original: BidBoardX expands carrier access to committed freight, bringing ease and efficiency to a fragmented marketplace

C.H. Robinson Launches World's First AI Technology That Continually Assesses, Improves and Operates Global Supply ChainsJune 3, 2026 12:00 PM
Business Wire The newest innovation for Managed Solutions, the Lean AI Engineer, is the brain of the system As the global leader in Lean AI supply chains, C.H. Robinson has built the first AI technology designed to both operate a shipper’s global supply chain and also continuously assess and improve its performance. Now serving the company’s 4PL Managed Solutions customers, a new Lean AI Engineer works in concert with the Lean AI Planner introduced last year to create one connected system that uniquely enhances a supply chain as it runs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520874794/en/ The Lean AI Engineer can assess an entire supply chain in 25 to 30 minutes and determine improvements before performance is impacted – compared to supply chain assessments that typically take up to four weeks and look backward at what has happened instead of what should happen. While the Lean AI Engineer delivers intel, the Lean AI Planner manages shipments through hundreds of interconnected AI agents and in turn feeds more data back to the Lean AI Engineer to develop even smarter refinements. “The breakthrough here is that it’s one closed-loop AI system,” said Jordan Kass, President of Managed Solutions. “It will run continuously, improve the operation it’s running and heal itself when something breaks — without an alert or a human noticing a problem first. The Lean AI Planner executes in real time while the Lean AI Engineer studies the results, identifies patterns, adapts logic and influences future decisions. Just like we launched Managed Solutions to break down the barriers between TMS, 3PL and 4PL services, this technology ends the need for separate supply chain intelligence and orchestration tools. It’s what businesses with complex logistics have wanted for decades.” The technology is autonomously handling 92% of 4PL shipments globally across trucking, ocean, air and rail, from the moment an order is created through tendering, routing, delivery, exceptions and carrier payment. “This level of premium logistics service has traditionally depended on talented people to manage complexity, make smart decisions day to day and intervene during disruption,” said Kass. “The problem was that talent didn’t scale. We’ve changed that by encoding expertise in the technology itself. Shippers will get infinite talent and expertise, consistently applied across every shipment, regardless of who’s available in what time zone or how much their shipping volume grows or spikes. Their team and our team can focus on strategic priorities and driving the best business results.” As with all AI, success depends on the data and context the system has access to. With 450 in-house software engineers and data scientists, the proprietary context layer of C.H. Robinson’s AI was built by methodically capturing institutional knowledge from workflows and the company’s seasoned freight experts and feeding it to the model on an ongoing basis. “Our technology truly understands your supply chain from the inside out, because the AI leverages all the data on all the steps of your shipping end to end, not just the parts of your supply chain that disparate tools see,” said Kass. “It also has the benefit of being trained on the unique context we have from orchestrating your freight – the large and small details about your goods, your procedures, each pickup and delivery location, your carriers, your routing and risk tolerance. That’s how the Lean AI Engineer knows which improvements are right for you, instead of making generic or theoretical recommendations. If you’re an auto-parts maker shipping cross-border to a just-in-time assembly line five days a week, it won’t suggest how much you could save by shipping once a week.” C.H. Robinson’s advanced AI takes into account more variables than human analysis or typical software analysis could, and recommendations are more actionable as well as prioritized. At launch, the Lean AI Engineer identifies optimizations and hidden savings. One early adopter learned that switching from a varied shipping schedule to once a week would reduce their loads by 17% across 20 locations for an annual savings of over $1 million. For another, reorganizing their shipments so that one pickup serves three different delivery locations would cut their loads by 81% and save them 40%. In the coming weeks, the Lean AI Engineer will roll out for more customers and begin assessing a multitude of other factors, such as carrier performance. Continuously monitoring carrier behavior across lanes, transportation modes and customers, it will identify leading indicators of degrading performance and recommend corrective actions before service failures happen. “Supply chains do not generally suffer from a lack of information. They suffer from the gap between knowing and doing,” said Arun Rajan, Chief Strategy and Innovation Officer. “Tech that sits above or outside of a supply chain can aggregate data, harmonize signals and recommend. But it relies on someone else to execute on the signals and someone else to learn whether those actions worked. Our tech closes the gap, delivering 24/7 premium service with one unified system no one else can match.” ABOUT C.H. ROBINSON C.H. Robinson is the global leader in Lean AI supply chains. For more than a century, companies everywhere have looked to us to reimagine how goods move. Now, as we redefine what’s next for the industry, that same drive fuels our commitment to Building Tomorrow’s Supply Chains, Today™. Trusted by 75,000 customers and 450,000 carriers, we manage an unmatched 37 million shipments annually, representing $23 billion in freight. We deliver tailored solutions across the world via truckload, less-than-truckload, ocean, air and more. With our unique combination of human insight and Lean AI working as one, supply chains move faster, smarter and more sustainably. As a responsible global citizen, we proudly contribute millions to the causes that matter most to our employees. Find out more at chrobinson.com. (Nasdaq: CHRW) View source version on businesswire.com: https://www.businesswire.com/news/home/20260520874794/en/ Maria Lettman
maria.lettman@chrobinson.com Original: C.H. Robinson Launches World's First AI Technology That Continually Assesses, Improves and Operates Global Supply Chains

C.H. Robinson Responds to Supreme Court Decision and Reinforces Support for Strong Federal Safety OversightMay 14, 2026 12:39 PM
Business Wire Company remains committed to working with regulators, carriers, and businesses nationwide to improve trucking safety C.H. Robinson, the global leader in Lean AI supply chains, today responded to the U.S. Supreme Court’s decision in the Montgomery v. Caribe Transport case, which clarifies the legal framework governing how certain state-level claims may be applied to federally licensed freight brokers. While the company is disappointed with the outcome, it respects the Court’s ruling and remains committed to safety, service, and compliance across the nation’s transportation network. “Our hearts continue to go out to the victims of truck accidents,” said Dorothy Capers, Chief Legal Officer at C.H. Robinson. “Safety is foundational to who we are—our employees and their families travel these same roads, and our business depends on safe freight delivery. While we are disappointed in the Court’s decision, we will continue to operate responsibly, support stronger federal enforcement, and work constructively with regulators, carriers, and customers to strengthen the national safety system and support safe, reliable transportation across the country. As Justices Kavanaugh and Alito stated in the concurrence, ‘Importantly, the Court’s decision today should not be read to mean that brokers will routinely be subject to state tort liability in the wake of truck accidents.’” For the millions of U.S. companies who depend on efficient, reliable, and safe supply chains, this ruling underscores the importance of working with a broker that offers the scale, technology and compliance processes needed to navigate this new freight landscape. C.H. Robinson will continue to select only carriers licensed by the Federal Motor Carrier Safety Administration (FMCSA) as required by law, support strong federal oversight, serve customers without disruption, and remain a trusted partner for shippers. C.H. Robinson strongly supports stricter federal enforcement and higher safety standards, including urging Congress to pass Dalilah’s Law. Separate from the Montgomery case, Dalilah’s Law focuses on preventing non-compliant and undocumented individuals from obtaining CDLs and strengthening the federal system that determines who is authorized to operate commercial vehicles. Shipments we arrange overwhelmingly move without incident, with just one serious accident claim filed for every 500 million miles driven on our customers’ loads. But even one accident is one too many. The company will remain actively engaged with policymakers and regulators to advocate for stronger federal oversight, clearer regulatory guidance, and a consistent national framework that supports safety and the efficient movement of goods. “C.H. Robinson uses industry-leading carrier-selection processes, and we believe in continuous improvement. Safety is paramount,” said Capers. “We will keep working with policymakers, advocates, carriers, our customers, and others across the industry to strengthen the national safety system and advance practices that reduce accidents on America’s roads.” About C.H. Robinson C.H. Robinson is the global leader in Lean AI supply chains. For more than a century, companies everywhere have looked to us to reimagine how goods move. Now, as we redefine what’s next for the industry, that same drive fuels our commitment to Building Tomorrow’s Supply Chains, Today™. Trusted by 75,000 customers and 450,000 contract carriers, we manage 37 million shipments annually, representing $23 billion in freight. We deliver tailored solutions across the world via truckload, less-than-truckload, ocean, air and more. With our unique combination of human insight and Lean AI working as one, supply chains move faster, smarter and more sustainably. As a responsible global citizen, we proudly contribute millions to the causes that matter most to our employees. For more information, visit us at chrobinson.com (Nasdaq: CHRW) CHRW-IR View source version on businesswire.com: https://www.businesswire.com/news/home/20260514735666/en/ Tom Vandyck, chrobinson@padillaco.com Original: C.H. Robinson Responds to Supreme Court Decision and Reinforces Support for Strong Federal Safety Oversight

Amazon Expands Logistics Offering to External Shippers; Transport Stocks SlideMay 5, 2026 6:31 AM
IH Market News Amazon.com Inc. (NASDAQ:AMZN) has rolled out its Amazon Supply Chain Services platform, opening up its logistics infrastructure to third-party shippers beyond its traditional marketplace sellers. Analysts at Stifel described the subsequent market reaction as excessive.The new service integrates Amazon’s freight network—including trailers, intermodal containers and air cargo capacity—with its fulfillment centers, distribution hubs and last-mile delivery operations. This broader access allows companies of all sizes to tap into a system that was previously limited to Fulfillment by Amazon and Multi-Channel Fulfillment users. Sharp Sell-Off Across Transport Sector The announcement triggered a significant decline in transportation stocks on Monday. C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) and RXO Inc. (NYSE:RXO) each fell close to 10%, while GXO Logistics Inc. (NYSE:GXO) dropped 18%, marking its steepest single-day loss since listing.Forward Air Corporation (NASDAQ:FWRD) declined 24%, while parcel delivery giants FedEx Corporation (NYSE:FDX) and United Parcel Service Inc. (NYSE:UPS) fell 9% and 10.5%, respectively. Analysts See Limited Structural Change According to Stifel, the launch enhances Amazon’s commercial offering but does not represent a fundamental shift in its capabilities. The company has been providing logistics solutions to external clients for more than a decade, starting with truck brokerage and gradually expanding into air freight, trucking and less-than-truckload services.The analysts argue that Amazon’s strategy is focused on improving utilisation of its internal capacity rather than directly competing with independent logistics providers offering higher service levels. The platform is aimed primarily at cost-sensitive customers, similar to how other large shippers monetise excess capacity. Early Industry Feedback Stifel’s channel checks suggest Amazon remains largely absent from most competitive tenders. Initial feedback indicates that companies such as Procter & Gamble Co., 3M Company, Lands’ End Inc. and American Eagle Outfitters Inc. are primarily allocating lower-value freight or inventory tied to Amazon-related sales channels to the platform. Outlook for Transport Stocks Despite the sharp sell-off, Stifel maintained Buy ratings on FedEx Corporation, United Parcel Service Inc., Forward Air Corporation and GXO Logistics Inc., pointing to early signs of cyclical recovery and improving supply-demand balance in the transportation sector.Amazon stock priceCH Robinson Worldwide stock priceRXO stock priceGXO Logistics stock priceForward Air stock priceFedEx stock priceUnited Parcel Service stock price Original: Amazon Expands Logistics Offering to External Shippers; Transport Stocks Slide

C.H. Robinson Reports 2026 First Quarter ResultsApril 29, 2026 4:05 PM
Business Wire
C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) today reported financial results for the quarter ended March 31, 2026.


First Quarter Highlights:



C.H. Robinson continues to deliver secular earnings growth driven by market share gains, disciplined revenue management, a cost of hire advantage versus the market, and evergreen productivity improvements fueled by its Lean AI strategy



North American Surface Transportation ("NAST") total volume was flat year-over-year compared to a 6.2% decline in the Cass Freight Shipment Index



NAST adjusted gross profit margin(1) held flat at 14.6% despite a significant increase in truckload spot market costs



Income from operations decreased 0.7% to $175.7 million



Adjusted income from operations(1) increased 5.6% to $195.9 million



Diluted earnings per share (EPS) increased 9.9% to $1.22



Adjusted diluted EPS(1) increased 15.4% to $1.35



Cash generated by operations decreased by $37.9 million to $68.6 million, primarily due to unfavorable changes in net operating working capital caused by higher truckload prices



Cash returned to shareholders increased 105.6% to $359.8 million





(1) Adjusted gross profit margin, adjusted income from operations, and adjusted diluted EPS are non-GAAP financial measures. The same factors described in this release that impacted these non-GAAP measures also impacted the comparable GAAP measures. Refer to pages 10 through 12 for further discussion and GAAP to Non-GAAP Reconciliations.







"As has been widely discussed in recent months, the North American trucking market has entered a period of supply-driven tightening," said President and Chief Executive Officer, Dave Bozeman. "As that has occurred, we’ve heard old tapes being replayed regarding which transportation providers benefit most during certain parts of the truckload cycle. But those storylines don't fully appreciate the secular earnings growth that has consistently been generated at the new C.H. Robinson regardless of market conditions."


"The first quarter of 2026 was another example of this, and our adjusted earnings per share increased 15% year-over-year despite a significant increase in truckload spot market costs," Bozeman added. "We continued to outperform by opportunistically capturing transactional volumes at higher margins as the industry’s tender rejection rates increased, by continuing to exercise our disciplined revenue management practices, by repricing some of our contractual business in a very targeted fashion, and by continuing to widen our cost of hire advantage, all of which have improved as we implemented our Lean operating model. This enabled us to optimize our adjusted gross profit per truckload shipment and maintain our NAST gross margin despite having to absorb the elevated cost of capacity. Additionally, we gained market share in our NAST business for the 12th consecutive quarter, and we continued to deliver evergreen productivity improvements across our business."


"Over the past year, we’ve consistently said that we’re not immune to macroeconomic conditions or an inflection in spot costs, but that we are managing those conditions better than we have in the past and better than our competitors. Our first quarter performance puts another check mark on our say-do scorecard."


"Our ability to consistently outperform over the last two plus years is a result of focusing on controlling what we can control and the strength of our Lean AI strategy. Lean AI is our unique, disciplined approach to AI innovation that is transforming supply chains. It combines the principles of our Robinson operating model – rooted in Lean methodology – with the power of custom-built AI, and the expertise of our people, to maximize value, minimize waste, and drive better outcomes for customers and carriers. As we continue to purposefully engineer our work to drive higher automation, an industry-leading cost to serve and improved customer outcomes, all of this is aimed at building the best model for demonstrable outgrowth while continuing to have industry-leading operating margins."


"I’m proud of our employees for navigating ever-changing market conditions with discipline and ingenuity, and for embracing the culture shift that has fundamentally changed this company. As the pacesetter for innovation in our industry, we will continue to use our domain expertise to build technology that delivers on our customer promise and drives higher value for all our stakeholders," said Bozeman.


Summary of First Quarter of 2026 Results Compared to the First Quarter of 2025



Total revenues decreased 0.8% to $4.0 billion, primarily driven by lower volume in our ocean and truckload services and lower pricing in our ocean services. This was partially offset by higher pricing in our truckload and less than truckload ("LTL") services.



Gross profits decreased 1.6% to $646.6 million. Adjusted gross profits(1) decreased 1.9% to $660.5 million, primarily driven by lower adjusted gross profit per transaction and lower volume in our ocean services. This was partially offset by higher adjusted gross profit per transaction in our LTL services.



Operating expenses decreased 2.3% to $484.8 million. Personnel expenses increased 1.2% to $352.7 million, primarily due to higher restructuring charges related to workforce reductions. This was partially offset by cost optimization efforts and productivity improvements. Average employee headcount declined 12.3%. Other selling, general and administrative (“SG&A”) expenses decreased 10.6% to $132.1 million, primarily due to a prior year impairment charge on our Kansas City regional center lease resulting from the execution of a sublease agreement on a portion of the building. In addition, other SG&A expenses declined across several expense categories in 2026 due to cost optimization efforts.



Income from operations totaled $175.7 million, down 0.7% due to the decrease in adjusted gross profit and higher restructuring charges, partially offset by the decrease in operating expenses. Adjusted operating margin(1) of 26.6% increased 30 basis points.



Interest and other income/expense, net totaled $9.0 million of expense, consisting primarily of $14.0 million of interest expense, which decreased $2.8 million versus last year due to a lower average debt balance and lower variable interest rates. The first quarter of 2026 results also include a $1.7 million net gain from foreign currency revaluation and realized foreign currency gains and losses.



The effective tax rate in the quarter was 11.7% compared to 13.7% in the first quarter of 2025. The lower rate in the first quarter of 2026 was driven by higher tax benefits related to stock-compensation deliveries, partially offset by non-recurring discrete items and lower U.S. and foreign tax credits and incentives.



Net income totaled $147.2 million, up 8.8% from a year ago. Diluted EPS of $1.22 increased 9.9%. Adjusted diluted EPS(1) of $1.35 increased 15.4%.





(1) Adjusted gross profits, adjusted operating margin and adjusted diluted EPS are non-GAAP financial measures. The same factors described in this release that impacted these non-GAAP measures also impacted the comparable GAAP measures. Refer to pages 10 through 12 for further discussion and GAAP to Non-GAAP Reconciliations.







North American Surface Transportation (“NAST”) Results


Summarized financial results of our NAST segment are as follows (dollars in thousands):




 






Three Months Ended March 31,








 






 






2026






 






 






2025






 






% change








Total revenues






$






2,947,323






 






$






2,868,420






 






2.8






%








Adjusted gross profits(1)






 






431,077






 






 






418,324






 






3.0






%








Income from operations






 






145,130






 






 






143,671






 






1.0






%








 






 






 






 






 






 







____________________________________________




(1) Adjusted gross profits and adjusted operating margin - excluding restructuring are non-GAAP financial measures explained later in this release. The difference between adjusted gross profits and gross profits is not material.







First quarter total revenues for the NAST segment totaled $2.9 billion, an increase of 2.8% over the prior year, primarily driven by higher pricing in our truckload and LTL services. NAST adjusted gross profits increased 3.0% in the quarter to $431.1 million. Adjusted gross profits in truckload decreased 1.9% due to a 3.5% decrease in volume, which was partially offset by a 1.5% increase in adjusted gross profit per shipment. Our average truckload linehaul rate per mile charged to our customers, which excludes fuel surcharges, increased approximately 11.0% in the quarter compared to the prior year, while truckload linehaul cost per mile, excluding fuel surcharges, increased 13.0%, resulting in a 1.0% increase in truckload adjusted gross profit per mile. LTL adjusted gross profits increased 10.5% versus the year-ago period, driven by an 8.5% increase in adjusted gross profit per order and a 2.0% increase in LTL volume. Total NAST truckload and LTL volume was flat versus the year-ago period and outpaced the market indices. Operating expenses increased 4.1%, primarily due to restructuring charges related to workforce reductions in the current year, partially offset by cost optimization efforts and productivity improvements. First quarter average employee headcount was down 10.0% year-over-year. Income from operations increased 1.0% to $145.1 million, and adjusted operating margin declined 60 basis points to 33.7%. Adjusted operating margin - excluding restructuring(1) increased 310 basis points to 37.4%.


Global Forwarding Results


Summarized financial results of our Global Forwarding segment are as follows (dollars in thousands):




 






Three Months Ended March 31,








 






 






2026






 






 






2025






 






% change








Total revenues






$






664,730






 






$






774,888






 






(14.2






)%








Adjusted gross profits(1)






 






162,291






 






 






184,628






 






(12.1






)%








Income from operations






 






31,684






 






 






42,943






 






(26.2






)%








 






 






 






 






 






 







____________________________________________




(1) Adjusted gross profits and adjusted operating margin - excluding restructuring are non-GAAP financial measures explained later in this release. The difference between adjusted gross profits and gross profits is not material.







First quarter total revenues for the Global Forwarding segment decreased 14.2% to $664.7 million, primarily driven by lower volume and pricing in our ocean services. Adjusted gross profits decreased 12.1% in the quarter to $162.3 million. Ocean adjusted gross profits decreased 22.1%, driven by a 12.5% decrease in adjusted gross profit per shipment and a 10.5% decline in shipments. Air adjusted gross profits decreased 0.5%, driven by a 15.0% decline in metric tons shipped, partially offset by a 16.5% increase in adjusted gross profit per metric ton shipped. Customs adjusted gross profits increased 20.0%, driven by a 22.0% increase in adjusted gross profit per transaction, partially offset by a 2.0% reduction in transaction volume. Operating expenses decreased 7.8%, primarily due to cost optimization efforts and productivity improvements and lower incentive compensation. First quarter average employee headcount decreased 14.8% year-over-year. Income from operations decreased 26.2% to $31.7 million, and adjusted operating margin declined 380 basis points to 19.5% in the quarter. Adjusted operating margin - excluding restructuring(1) declined 220 basis points to 21.1%.


All Other and Corporate Results


Total revenues and adjusted gross profits for Robinson Fresh, Managed Solutions and Other Surface Transportation are summarized as follows (dollars in thousands):




 






Three Months Ended March 31,








 






 






2026






 






 






2025






 






% change








Total revenues






$






400,881






 






$






403,432






 






(0.6






)%








Adjusted gross profits(1):






 






 






 






 






 








Robinson Fresh






$






37,517






 






$






37,653






 






(0.4






)%








Managed Solutions






 






29,608






 






 






27,846






 






6.3






%








Other Surface Transportation(2)






 






—






 






 






4,637






 






(100.0






)%








 






 






 






 






 






 







____________________________________________




(1) Adjusted gross profits is a non-GAAP financial measure explained later in this release. The difference between adjusted gross profits and gross profits is not material.








(2) Includes our Europe Surface Transportation business, which was divested as of February 1, 2025.







First quarter Robinson Fresh adjusted gross profits decreased 0.4% to $37.5 million driven by margin compression in retail customers. Managed Solutions adjusted gross profits increased 6.3% due to an increase in freight under management.


Other Income Statement Items


Interest and other income/expense, net totaled $9.0 million of expense, consisting primarily of $14.0 million of interest expense, which decreased $2.8 million versus the first quarter of 2025 due to a lower average debt balance and lower variable interest rates. The first quarter of 2026 results also include a $1.7 million net gain from foreign currency revaluation and realized foreign currency gains and losses.


The first quarter effective tax rate was 11.7%, down from 13.7% in the first quarter of 2025. The lower rate in the first quarter of 2026 was driven by higher tax benefits related to stock-compensation deliveries, partially offset by non-recurring discrete items and lower U.S. and foreign tax credits and incentives. For 2026, we expect our full-year effective tax rate to be 18% to 20%.


Diluted weighted average shares outstanding in the quarter were down 0.8% year-over-year.


Cash Flow Generation and Capital Distribution


Cash generated from operations totaled $68.6 million in the first quarter, compared to $106.5 million in the first quarter of 2025. The $37.9 million decrease in cash flow from operations was primarily related to a $62.4 million decrease in cash generated by changes in net operating working capital, due to a $73.5 million sequential increase in net operating working capital in the first quarter of 2026 compared to an $11.1 million sequential increase in the first quarter of 2025.


In the first quarter of 2026, cash returned to shareholders totaled $359.8 million, with $280.7 million in repurchases of common stock and $79.0 million in cash dividends.


Capital expenditures totaled $15.0 million in the quarter. Capital expenditures for 2026 are expected to be $75 million to $85 million.


About C.H. Robinson


C.H. Robinson is the global leader in Lean AI supply chains. For more than a century, companies everywhere have looked to us to reimagine how goods move. Now, as we redefine what’s next for the industry, that same drive fuels our commitment to Building Tomorrow’s Supply Chains, Today™. Trusted by 75,000 customers and 450,000 contract carriers, we manage 37 million shipments annually, representing $23 billion in freight. We deliver tailored solutions across the world via truckload, less-than-truckload, ocean, air, and more. With our unique combination of human insight and Lean AI working as one, supply chains move faster, smarter, and more sustainably. As a responsible global citizen, we proudly contribute millions to the causes that matter most to our employees. For more information, visit us at chrobinson.com (Nasdaq: CHRW).


Except for the historical information contained herein, the matters set forth in this release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience or our present expectations, including, but not limited to, factors such as changes in economic conditions, including uncertain consumer demand; changes in market demand and pressures on the pricing for our services; fuel price increases or decreases, or fuel shortages; competition and growth rates within the global logistics industry that could adversely impact our profitability and achieving our long-term growth targets; freight levels and increasing costs and availability of truck capacity or alternative means of transporting freight; risks associated with seasonal changes or significant disruptions in the transportation industry; risks associated with identifying and completing suitable acquisitions; our dependence on and changes in relationships with existing contracted truck, rail, ocean, and air carriers; risks associated with the loss of significant customers; risks associated with reliance on technology to operate our business, including reliance on third-party platforms and cybersecurity related risks; our ability to staff and retain employees; risks associated with operations outside of the U.S.; our ability to successfully integrate the operations of acquired companies with our historic operations or efficiently managing divestitures; climate change related risks; risks associated with our indebtedness; risks associated with interest rates; risks associated with litigation, including contingent auto liability and insurance coverage; risks associated with the potential impact of changes in government regulations including environmental-related regulations; risks associated with the changes to income tax regulations; risks associated with the produce industry, including food safety and contamination issues; the impact of changes in political and governmental conditions; changes to our capital structure; changes due to catastrophic events; risks associated with the usage of artificial intelligence technologies; and other risks and uncertainties detailed in our Annual and Quarterly Reports.


Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update such statement to reflect events or circumstances arising after such date. All remarks made during our financial results conference call will be current at the time of the call, and we undertake no obligation to update the replay.


Conference Call Information:

C.H. Robinson Worldwide First Quarter 2026 Earnings Conference Call

Wednesday, April 29, 2026; 5:30 p.m. Eastern Time

Presentation slides and a simultaneous live audio webcast of the conference call may be accessed through C.H. Robinson's Investor Relations website at investor.chrobinson.com.

To participate in the conference call by telephone, please call ten minutes early by dialing: 877-269-7756


Adjusted Gross Profit by Service Line

(in thousands)


This table of summary results presents our service line adjusted gross profits on an enterprise basis. The service line adjusted gross profits in the table differ from the service line adjusted gross profits discussed within the segments as our segments may have revenues from multiple service lines.




 






Three Months Ended March 31,








 






2026






 






2025






 






% change








Adjusted gross profits(1):






 






 






 






 






 








Transportation






 






 






 






 






 








Truckload






$






251,599






 






$






262,288






 






(4.1






)%








LTL






 






163,448






 






 






148,411






 






10.1






%








Ocean






 






89,919






 






 






115,335






 






(22.0






)%








Air






 






32,724






 






 






32,810






 






(0.3






)%








Customs






 






32,320






 






 






26,920






 






20.1






%








Other logistics services






 






58,391






 






 






54,781






 






6.6






%








Total transportation






 






628,401






 






 






640,545






 






(1.9






)%








Sourcing






 






32,092






 






 






32,543






 






(1.4






)%








Total adjusted gross profits






$






660,493






 






$






673,088






 






(1.9






)%







____________________________________________




(1) Adjusted gross profits is a non-GAAP financial measure explained later in this release. The difference between adjusted gross profits and gross profits is not material.







GAAP to Non-GAAP Reconciliation

(unaudited, in thousands)


Our adjusted gross profit is a non-GAAP financial measure. Adjusted gross profit is calculated as gross profit excluding amortization of internally developed software utilized to directly serve our customers and contracted carriers. We believe adjusted gross profit is a useful measure of our ability to source, add value, and sell services and products that are provided by third parties, and we consider adjusted gross profit to be a primary performance measurement. Accordingly, the discussion of our results of operations often focuses on the changes in our adjusted gross profit. The reconciliation of gross profit to adjusted gross profit is presented below (in thousands):




 






Three Months Ended March 31,








 






 






2026






 






 






2025






 






% change








Revenues:






 






 






 






 






 








Transportation






$






3,643,711






 






$






3,721,915






 






(2.1






)%








Sourcing






 






369,223






 






 






324,825






 






13.7






%








Total revenues






 






4,012,934






 






 






4,046,740






 






(0.8






)%








Costs and expenses:






 






 






 






 






 








Purchased transportation and related services






 






3,015,310






 






 






3,081,370






 






(2.1






)%








Purchased products sourced for resale






 






337,131






 






 






292,282






 






15.3






%








Direct internally developed software amortization






 






13,862






 






 






15,666






 






(11.5






)%








Total direct expenses






 






3,366,303






 






 






3,389,318






 






(0.7






)%








Gross profit






$






646,631






 






$






657,422






 






(1.6






)%








Plus: Direct internally developed software amortization






 






13,862






 






 






15,666






 






(11.5






)%








Adjusted gross profit






$






660,493






 






$






673,088






 






(1.9






)%







Our adjusted operating margin is a non-GAAP financial measure calculated as operating income divided by adjusted gross profit. Our adjusted operating margin - excluding restructuring, lease impairment charge and/or loss on divestiture is a similar non-GAAP financial measure as adjusted operating margin, but also excludes the impact of restructuring, lease impairment, and/or loss from divestiture. We believe adjusted operating margin and adjusted operating margin - excluding restructuring, lease impairment charge and/or loss on divestiture are useful measures of our profitability in comparison to our adjusted gross profit, which we consider a primary performance metric as discussed above. The comparisons of operating margin to adjusted operating margin and adjusted operating margin - excluding restructuring, lease impairment charge and/or loss on divestiture are presented below:




 






Three Months Ended March 31,








 






 






2026






 






 






 






2025






 






 






% change








 






 






 






 






 






 








Total revenues






$






4,012,934






 






 






$






4,046,740






 






 






(0.8






)%








Income from operations






 






175,686






 






 






 






176,853






 






 






(0.7






)%








Operating margin






 






4.4






%






 






 






4.4






%






 






— bps








 






 






 






 






 






 








Adjusted gross profit






$






660,493






 






 






$






673,088






 






 






(1.9






)%








Income from operations






 






175,686






 






 






 






176,853






 






 






(0.7






)%








Adjusted operating margin






 






26.6






%






 






 






26.3






%






 






30 bps








 






 






 






 






 






 








Adjusted gross profit






$






660,493






 






 






$






673,088






 






 






(1.9






)%








Adjusted income from operations






 






195,921






 






 






 






185,466






 






 






5.6






%








Adjusted operating margin - excluding restructuring, lease impairment charge, and/or loss on divestiture






 






29.7






%






 






 






27.6






%






 






210 bps







GAAP to Non-GAAP Reconciliation

(unaudited, in thousands)


Our adjusted income (loss) from operations, adjusted operating margin - excluding restructuring, lease impairment charge and/or loss on divestiture, adjusted net income and adjusted net income per share (diluted) are non-GAAP financial measures. These non-GAAP measures are calculated excluding the impact of restructuring, lease impairment, and/or loss from divestiture. We believe that these measures provide useful information to investors and include them within our internal reporting to our chief operating decision maker. Accordingly, the discussion of our results of operations includes discussion on the changes in our adjusted income (loss) from operations, adjusted operating margin - excluding restructuring, lease impairment charge and/or loss on divestiture, adjusted net income and adjusted net income per share (diluted). The reconciliation of these non-GAAP measures are presented below (in thousands except per share data):




Non-GAAP Reconciliation:






NAST






 






Global

Forwarding






 






All

Other and

Corporate






 






Consolidated








Three Months Ended March 31, 2026






 






 






 






 






 






 






 








Income (loss) from operations






$






145,130






 






 






$






31,684






 






 






$






(1,128






)






 






$






175,686






 








Severance and other personnel expenses






 






16,034






 






 






 






1,083






 






 






 






1,653






 






 






 






18,770






 








Other selling, general, and administrative expenses






 






42






 






 






 






1,427






 






 






 






(4






)






 






 






1,465






 








Total adjustments to income from operations(1)






 






16,076






 






 






 






2,510






 






 






 






1,649






 






 






 






20,235






 








Adjusted income from operations






$






161,206






 






 






$






34,194






 






 






$






521






 






 






$






195,921






 








 






 






 






 






 






 






 






 








Adjusted gross profit






$






431,077






 






 






$






162,291






 






 






$






67,125






 






 






$






660,493






 








Adjusted income from operations






 






161,206






 






 






 






34,194






 






 






 






521






 






 






 






195,921






 








Adjusted operating margin - excluding restructuring






 






37.4






%






 






 






21.1






%






 






 






0.8






%






 






 






29.7






%









 






Three Months Ended March 31, 2026








 






$ in 000's






 






per share








Net income and per share (diluted)






$






147,233






 






 






$






1.22






 








Restructuring and related costs, pre-tax






 






20,235






 






 






 






0.17






 








Tax effect of adjustments






 






(4,619






)






 






 






(0.04






)








Adjusted net income and per share (diluted)






$






162,849






 






 






$






1.35






 







____________________________________________




(1) The three months ended March 31, 2026 includes severance and other personnel expenses of $18.8 million related to workforce reductions and $1.5 million of other charges.









Non-GAAP Reconciliation:






NAST






 






Global

Forwarding






 






All

Other and

Corporate






 






Consolidated








Three Months Ended March 31, 2025






 






 






 






 






 






 






 








Income (loss) from operations






$






143,671






 






 






$






42,943






 






 






$






(9,761






)






 






$






176,853






 








Severance and other personnel expenses






 






—






 






 






 






—






 






 






 






1,187






 






 






 






1,187






 








Other selling, general, and administrative expenses






 






—






 






 






 






—






 






 






 






7,426






 






 






 






7,426






 








Total adjustments to income from operations(1)






 






—






 






 






 






—






 






 






 






8,613






 






 






 






8,613






 








Adjusted income (loss) from operations






$






143,671






 






 






$






42,943






 






 






$






(1,148






)






 






$






185,466






 








 






 






 






 






 






 






 






 








Adjusted gross profit






$






418,324






 






 






$






184,628






 






 






$






70,136






 






 






$






673,088






 








Adjusted income (loss) from operations






 






143,671






 






 






 






42,943






 






 






 






(1,148






)






 






 






185,466






 








Adjusted operating margin - excluding lease impairment charge and loss on divestiture






 






34.3






%






 






 






23.3






%






 






 






N/M






 






 






 






27.6






%









 






Three Months Ended March 31, 2025








 






$ in 000's






 






per share








Net income and per share (diluted)






$






135,302






 






 






$






1.11






 








Lease impairment charge, pre-tax






 






6,259






 






 






 






0.05






 








Loss on divestiture, pre-tax






 






2,354






 






 






 






0.02






 








Tax effect of adjustments






 






(1,026






)






 






 






(0.01






)








Adjusted net income and per share (diluted)






$






142,889






 






 






$






1.17






 







____________________________________________




(1) The three months ended March 31, 2025 includes severance and other personnel expenses of $1.2 million related to the divestiture of our Europe Surface Transportation business and $7.4 million of other charges, which includes a $6.3 million impairment charge on our Kansas City regional center lease resulting from the execution of a sublease agreement on a portion of the building.









Condensed Consolidated Statements of Income




(unaudited, in thousands, except per share data)








 






Three Months Ended March 31,








 








 






 






2026






 






 






 






2025






 






 






% change








 






 






 






 






 






 








Revenues:






 






 






 






 






 








Transportation






$






3,643,711






 






 






$






3,721,915






 






 






(2.1






)%








Sourcing






 






369,223






 






 






 






324,825






 






 






13.7






%








Total revenues






 






4,012,934






 






 






 






4,046,740






 






 






(0.8






)%








Costs and expenses:






 






 






 






 






 








Purchased transportation and related services






 






3,015,310






 






 






 






3,081,370






 






 






(2.1






)%








Purchased products sourced for resale






 






337,131






 






 






 






292,282






 






 






15.3






%








Personnel expenses






 






352,723






 






 






 






348,553






 






 






1.2






%








Other selling, general, and administrative expenses






 






132,084






 






 






 






147,682






 






 






(10.6






)%








Total costs and expenses






 






3,837,248






 






 






 






3,869,887






 






 






(0.8






)%








Income from operations






 






175,686






 






 






 






176,853






 






 






(0.7






)%








Interest and other income/expense, net






 






(9,013






)






 






 






(20,051






)






 






(55.0






)%








Income before provision for income taxes






 






166,673






 






 






 






156,802






 






 






6.3






%








Provision for income taxes






 






19,440






 






 






 






21,500






 






 






(9.6






)%








Net income






$






147,233






 






 






$






135,302






 






 






8.8






%








 






 






 






 






 






 








Net income per share (basic)






$






1.23






 






 






$






1.12






 






 






9.8






%








Net income per share (diluted)






$






1.22






 






 






$






1.11






 






 






9.9






%








 






 






 






 






 






 








Weighted average shares outstanding (basic)






 






119,803






 






 






 






120,969






 






 






(1.0






)%








Weighted average shares outstanding (diluted)






 






121,010






 






 






 






121,932






 






 






(0.8






)%









Business Segment Information




(unaudited, in thousands, except average employee headcount)















 



 






 






NAST






 






Global

Forwarding






 






All Other and

Corporate






 






Consolidated








Three Months Ended March 31, 2026






 






 






 






 






 






 






 






 








Total revenues






 






$






2,947,323






 






$






664,730






 






$






400,881






 






 






$






4,012,934








Adjusted gross profits(1)






 






 






431,077






 






 






162,291






 






 






67,125






 






 






 






660,493








Income (loss) from operations






 






 






145,130






 






 






31,684






 






 






(1,128






)






 






 






175,686








Depreciation and amortization






 






 






4,763






 






 






1,935






 






 






18,154






 






 






 






24,852








Total assets(2)






 






 






3,095,674






 






 






1,098,418






 






 






1,041,327






 






 






 






5,235,419








Average employee headcount






 






 






4,752






 






 






3,848






 






 






3,105






 






 






 






11,705








 






 






 






 






 






 






 






 






 








 






 






NAST






 






Global

Forwarding






 






All Other and

Corporate






 






Consolidated








Three Months Ended March 31, 2025






 






 






 






 






 






 






 






 








Total revenues






 






$






2,868,420






 






$






774,888






 






$






403,432






 






 






$






4,046,740








Adjusted gross profits(1)






 






 






418,324






 






 






184,628






 






 






70,136






 






 






 






673,088








Income (loss) from operations






 






 






143,671






 






 






42,943






 






 






(9,761






)






 






 






176,853








Depreciation and amortization






 






 






4,809






 






 






2,139






 






 






18,694






 






 






 






25,642








Total assets(2)






 






 






2,989,401






 






 






1,292,915






 






 






943,798






 






 






 






5,226,114








Average employee headcount






 






 






5,280






 






 






4,514






 






 






3,553






 






 






 






13,347







_______________________________________




(1) Adjusted gross profits is a non-GAAP financial measure explained above. The difference between adjusted gross profits and gross profits is not material.








(2) All cash and cash equivalents are included in All Other and Corporate.









Condensed Consolidated Balance Sheets




(unaudited, in thousands)








 






March 31, 2026






 






December 31, 2025








Assets






 






 






 








Current assets:






 






 






 








Cash and cash equivalents






$






159,665






 






$






160,871








Receivables, net of allowance for credit loss






 






2,542,172






 






 






2,360,829








Contract assets, net of allowance for credit loss






 






181,862






 






 






156,441








Prepaid expenses and other






 






123,718






 






 






120,402








Total current assets






 






3,007,417






 






 






2,798,543








 






 






 






 








Property and equipment, net of accumulated depreciation and amortization






 






111,105






 






 






116,362








Right-of-use lease assets






 






274,782






 






 






278,323








Intangible and other assets, net of accumulated amortization






 






1,842,115






 






 






1,865,153








Total assets






$






5,235,419






 






$






5,058,381








 






 






 






 








Liabilities and stockholders’ investment






 






 






 








Current liabilities:






 






 






 








Accounts payable and outstanding checks






$






1,366,305






 






$






1,241,276








Accrued expenses:






 






 






 








Compensation






 






110,970






 






 






188,838








Transportation expense






 






144,976






 






 






120,708








Income taxes






 






26,917






 






 






33,745








Other accrued liabilities






 






175,658






 






 






174,955








Current lease liabilities






 






71,662






 






 






72,180








Total current liabilities






 






1,896,488






 






 






1,831,702








 






 






 






 








Long-term debt






 






1,342,727






 






 






1,089,438








Noncurrent lease liabilities






 






230,097






 






 






233,768








Noncurrent income taxes payable






 






38,048






 






 






34,875








Deferred tax liabilities






 






22,018






 






 






21,526








Other long-term liabilities






 






1,920






 






 






1,425








Total liabilities






 






3,531,298






 






 






3,212,734








 






 






 






 








Total stockholders’ investment






 






1,704,121






 






 






1,845,647








Total liabilities and stockholders’ investment






$






5,235,419






 






$






5,058,381









Condensed Consolidated Statements of Cash Flow




(unaudited, in thousands, except employee count)








 






Three Months Ended March 31,








Operating activities:






 






2026






 






 






 






2025






 








Net income






$






147,233






 






 






$






135,302






 








Adjustments to reconcile net income to net cash provided by (used for) operating activities:






 






 






 








Depreciation and amortization






 






24,852






 






 






 






25,642






 








Provision for credit losses






 






1,725






 






 






 






1,315






 








Stock-based compensation






 






28,295






 






 






 






23,146






 








Deferred income taxes






 






22,236






 






 






 






15,675






 








Excess tax benefit on stock-based compensation






 






(23,895






)






 






 






(7,032






)








Change in loss on disposal group






 






—






 






 






 






(569






)








Other operating activities






 






1,332






 






 






 






6,665






 








Changes in operating elements:






 






 






 








Receivables






 






(197,522






)






 






 






(70,602






)








Contract assets






 






(25,628






)






 






 






2,898






 








Prepaid expenses and other






 






(3,363






)






 






 






(10,994






)








Right of use asset






 






1,696






 






 






 






19,315






 








Accounts payable and outstanding checks






 






125,397






 






 






 






58,699






 








Accrued compensation






 






(77,992






)






 






 






(71,579






)








Accrued transportation expenses






 






24,268






 






 






 






(2,071






)








Accrued income taxes






 






20,057






 






 






 






19,445






 








Other accrued liabilities






 






4,567






 






 






 






(12,535






)








Lease liability






 






(3,228






)






 






 






(26,615






)








Other assets and liabilities






 






(1,431






)






 






 






426






 








Net cash provided by operating activities






 






68,599






 






 






 






106,531






 








Investing activities:






 






 






 








Purchases of property and equipment






 






(2,635






)






 






 






(3,348






)








Purchases and development of software






 






(12,381






)






 






 






(12,734






)








Cash used for acquisitions






 






(150






)






 






 






—






 








Proceeds from divestiture






 






11,828






 






 






 






27,737






 








Net cash (used for) provided by investing activities






 






(3,338






)






 






 






11,655






 








Financing activities:






 






 






 








Proceeds from stock issued for employee benefit plans






 






40,362






 






 






 






16,808






 








Stock tendered for payment of withholding taxes






 






(68,080






)






 






 






(49,829






)








Repurchase of common stock






 






(212,659






)






 






 






(47,700






)








Cash dividends






 






(79,030






)






 






 






(77,490






)








Proceeds from long-term borrowings






 






678,000






 






 






 






—






 








Payments on long-term borrowings






 






(425,000






)






 






 






—






 








Proceeds from short-term borrowings






 






—






 






 






 






682,000






 








Payments on short-term borrowings






 






—






 






 






 






(670,000






)








Net cash used for financing activities






 






(66,407






)






 






 






(146,211






)








Effect of exchange rates on cash and cash equivalents






 






(60






)






 






 






1,429






 








Net change in cash and cash equivalents, including cash and cash equivalents classified within assets held for sale






 






(1,206






)






 






 






(26,596






)








Plus: net decrease in cash and cash equivalents within assets held for sale






 






—






 






 






 






10,776






 








Cash and cash equivalents, beginning of period






 






160,871






 






 






 






145,762






 








Cash and cash equivalents, end of period






$






159,665






 






 






$






129,942






 








 






 






 






 








Employees as of March 31






 






11,554






 






 






 






12,912






 







Source: C.H. Robinson


CHRW-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20260429647693/en/
FOR INQUIRIES, CONTACT:

Chuck Ives, Senior Director of Investor Relations

Email: chuck.ives@chrobinson.com


Original: C.H. Robinson Reports 2026 First Quarter Results