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Encyclopedia > C. H. Robinson Worldwide
C.H. Robinson Worldwide, Inc.
CHRW Logo
Type Public (NASDAQ: CHRW)
Founded Grand Forks, North Dakota (1905)
Headquarters Eden Prairie, Minnesota, USA
Key people John Wiehoff, CEO
Industry Freight Services
Revenue $5.689 billion USD (2005)
Operating income $332 million USD (2005)
Net income $203 million USD (2005)
Employees 5,700 (2006)
Website www.chrobinson.com

C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW), is a Fortune 500 third-party logistics provider which provides freight transportation and logistics services. Image File history File links CHRW_logo. ... A public company is a company owned by the public rather than by a relatively few individuals. ... NASDAQ in Times Square, New York City. ... Motto: A Place of Excellence Nickname: The Sunflake City Map Political Statistics Founded 15 June 1870 Incorporated February 22, 1881 County Grand Forks County Mayor Michael Brown Geographic Statistics Area  - Total  - Land  - Water 49. ... Location Location in Hennepin County Coordinates , Government Country State County United States Minnesota Hennepin County founded incorporated 1858 1960s Mayor Nancy Tyra-Lukens Geographical characteristics Area     City 91. ... Capital Saint Paul Largest city Minneapolis Area  Ranked 12th  - Total 87,014 sq mi (225,365 km²)  - Width 250 miles (400 km)  - Length 400 miles (645 km)  - % water 8. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... Website - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... NASDAQ in Times Square, New York City. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ... 3PL stands for third-party logistics provider, any firm that specializes in providing logistics services and which is independent from the manufacturers logistics division. ... Look up Logistics in Wiktionary, the free dictionary. ...

Contents

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History

The company was incorporated as C.H. Robinson Company in 1905 as a produce and general merchandise brokerage firm. After several years, Robinson expanded their business to address the complex problem of how to transport and distribute perishable products before they spoil by horse and buggy.


In 1968, the company entered the regulated trucking business with a contract carrier known as Meat Packers Express, and later created ROBCO Transportation as an irregular route carrier. Robinson became wholly owned by its employees in 1976. In 1978, The Fresh1® brand was introduced for Robinson’s produce brokerage business. Robinson bought its first IBM mainframe in 1979, which began an era of centrally supported technology, electronics communications and information sharing.


The passage of the Motor Carrier Act in 1980 deregulated transportation, allowing C.H. Robinson to act as a freight brokerage for any type of product. In 1986, ROBCO was divested and Robinson became a completely non-asset based logistics provider. The company went public on October 16, 1997 as C.H. Robinson Worldwide (NASDAQ: CHRW). The American Motor Carrier Act of 1935 amended the Interstate Commerce Act to regulate bus lines and airlines as utilities. ... NASDAQ in Times Square, New York City. ...

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Corporate Governance

John P. Wiehoff took over as CEO from D.R. “Sid” Verdoorn in 2002, who remains as chairman of the board.

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Analyst Coverage

See Yahoo! analyst converage

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External links


  Results from FactBites:
 
C.H. Robinson Worldwide Increases Quarterly Cash Dividend (274 words)
MINNEAPOLIS--Nov. 2, 20030, 2003--C.H. Robinson Worldwide, Inc. ("C.H. Robinson") announced today that its Board of Directors, on October 21, 2003, declared an increase in its regular quarterly cash dividend from 8 cents ($0.08) per share to 12 cents ($0.12) per share, payable on January 2, 2004 to shareholders of record on December 5, 2003.
Founded in 1905, C.H. Robinson Worldwide, Inc., is a global provider of multimodal transportation services and logistics solutions, serving over 15,000 customers through a network of 152 offices in North America, South America, Europe, and Asia.
C.H. Robinson is one of the largest third-party logistics companies in North America, with 2002 gross revenues of $3.3 billion.
  More results at FactBites »


 
 

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