Shares of C.H. Robinson Worldwide, Inc. (CHRW), the leading U.S. truck broker, detracted from performance after the company reported disappointing earnings. While truckload freight volumes are improving, the company is experiencing temporary margin pressure as its costs increase faster than its rates. We believe this issue will self-correct as gross volumes accelerate. Longer-term, we expect the company to continue to gain share and benefit as transportation outsourcing to well-established logistics firms continues to grow. Shippers increasingly rely on brokers such as C.H. Robinson for their expansive carrier network and spot market intelligence to insure optimal pricing and movement of their freight. (Matt Weiss)
Track Gurus’ Stock Purchases Daily – Real Time Guru Picks
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 3 days after the date of the transaction. This is just one of the features provided with GuruFocus Premium Membership.