CH Robinson: freight market update – April 2024
Sourced from CH Robinson, updated 18 April 2024. Top story: Supply and demand imbalance continues to ...
FREIGHTWAVES’ Rachel Premack writes:
When C.H. Robinson (NASDAQ: CHRW) announced its next CEO was Ford executive Dave Bozeman, insiders likely had questions galore. The biggest, perhaps, was: How is he going to fix this company?
On Monday, during a very rainy day in New York City, I met with Bozeman to answer just that. He spent 45 minutes answering my questions on how he’s going to reinvent the massive freight brokerage C.H. Robinson.
Robinson is in need of a turnaround plan. The freight brokerage failed to fully capitalize on the massive upcycle in freight in 2020 and 2021. Instead, Robinson appeared to just run up its costs. Robinson’s previous CEO, Bob Biesterfeld, had admitted that Robinson hired too much during the freight bubble of the early 2020s. When demand suddenly and precipitously declined in the spring of 2022, Robinson was caught with too many employees and too few loads to move. Analysts have also pointed out that, under Biesterfeld, Robinson invested massively in technology, with results that weren’t commensurate…
To read the full post, please click here.
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
The rise and rise of China's ecommerce platforms
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
DSV chief reticent on Schenker: the focus on growing market share
Another strong month for US ports as container flows continue to rise
MSC redeploys 'Israel-linked' box ships away from Persian Gulf
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article