EXCLUSIVE: CH Robinson – forwarding debacle spurs another top casualty
Rolling
SEEKING ALPHA reports:
– Bank of America hikes its rating on C.H. Robinson Worldwide (NASDAQ:CHRW) to Buy from Neutral on its view that margin and share gains continue to point to upside potential.
– Analyst Ken Hoexter notes CHRW recently posted its first widening of spreads since Q2 of 2019 and calls its global forwarding segment robust amid the tight supply market and sustained pricing environment…
To read the full post, please click here (free reg. is required to access the content).
Well, after moving up in pre-market trade today, the stock fell 0.67% to $106.79 in early trade. As a reminder, Bank of America is a core CHRW lender – for more, please read our Premium coverage: “CH Robinson – done with creative cash creation. Now what?“.
'Mass-casualty incident' as Maersk box ship destroys Baltimore bridge
Shock for CMA CGM as a deputy CEO decides to quit
Diversions from Red Sea proving a real ‘silver lining’ for carriers
Asia-Europe carriers revise FAK rates in fight to rein in revenue erosion
Could the Dali have suffered a power loss before bridge crash?
Strike paralysing Finnish ports extended after talks collapse
DB Schenker makes 'positive contribution' to DB – but it's an odd fit
Niche players continue to risk Red Sea transits with new services – at a price
Maersk reacts to calmer market and restores standalone transpacific loop
Indian Customs to auction uncleared export boxes at Nhava Sheva
MSC and FedEx face $11m fine for 'unfair charges' to shipper
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