C.H. Robinson Worldwide, Inc.

Type	Public (NASDAQ: CHRW)
Founded	Grand Forks, North Dakota (1905)
Location	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 leading third-party, nonasset based, logistics provider (abbreviated 3PL). C.H. Robinson provides freight transportation services and logistics solutions to companies in a variety of industries. 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 (originally an acronym for National Association of Securities Dealers Automated Quotations ) is a U.S. electronic stock exchange. ... Motto: A Place of Excellence Nickname: The Sunflake City Map Political Statistics Founded 15 June 1870 Incorporated February 22, 1881 Grand Forks County Mayor Michael Brown Geographic Statistics Area  - Total  - Land  - Water 49. ... Eden Prairie is a city located in Hennepin County, Minnesota. ... Official language(s) None Capital Saint Paul Largest city Minneapolis Area  - Total  - Width  - Length  - % water  - Latitude  - Longitude Ranked 12th 225,365 km² 400 km 645 km 8. ... Revenue is a US business term for the amount of money that a company can receive from its activities, mostly from sales of products and/or services to customers. ... This article is about general United States currency. ... EBIT stands for Earnings before Interest and Taxes (operating income). ... 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. ... The front page of the English Wikipedia Website. ... NASDAQ (originally an acronym for National Association of Securities Dealers Automated Quotations ) is a U.S. electronic stock exchange. ... 3PL stands for third-party logistics provider, any firm that specializes in providing logistics services and which is independent from the manufacturers logistics division. ...

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). NASDAQ (originally an acronym for National Association of Securities Dealers Automated Quotations ) is a U.S. electronic stock exchange. ...

Corporate Governance

John P. Wiehoff took the reins as CEO from D.R. “Sid” Verdoorn in 2002. The chairman of the board is D.R. “Sid” Verdoorn. Directors include Robert Ezrilov, Wayne M. Fortun, Kenneth E. Keiser, ReBecca Koenig Roloff, Gerald A. Schwalback, Brian P. Short, Michael W. Wickham and John P. Wiehoff.

Analyst Coverage

See Yahoo! analyst converage

• Brand, Alexander (Stephens Inc.)
• Campbell, David (Thompson, Davis, & Co.)
• Davis, Mark (FTN Midwest Research)
• Larkin, John (Stifel Nicolaus & Company, Inc.)
• Barnes, John (BB&T Capital Markets)
• Cook, Brannon (J.P. Morgan)

John Pierpont Morgan (April 17, 1837 – March 31, 1913), American financier and banker, was born in Hartford, Connecticut, a son of Junius Spencer Morgan (1813–1890), who was a partner of George Peabody and the founder of the house of J. S. Morgan & Co. ...

Corporate Accolades

• Fortune America’s Most Admired Companies 2006: Ranked 2nd in the Transportation and Logistics Category
• Member: Nasdaq-100
• Member of the Fortune 500: Rank 442 (2005)

The NASDAQ-100 is a stock market index of 100 of the largest domestic and international non-financial companies listed on the NASDAQ stock exchange based on market capitalization. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ...

Other Information

CHRW got its start in 1905 as a produce company. Today, they are one of North America's largest third party logistics (3PL) companies, with operations in the United States, Canada, Mexico, South America, Europe, and Asia. Most of their revenues come from providing truck, rail, ocean, and air transportation throughout the world. Sourcing and information services are also important components of their business mix.

External links

• C.H. Robinson Worldwide, Inc.
  • CHRW – ‘Official Website’
  • Investor Relations – ‘Financials and Corporate Information’

• General
  • Finance and News