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C.H. Robinson Worldwide, Inc.
Type Public (NASDAQCHRW)
Founded Grand Forks, North Dakota (1905)
Headquarters Eden Prairie, Minnesota, United States
Key people John Wiehoff, CEO
Industry Freight Services
Revenue $6.556 billion USD (2006)
Operating income $430 million USD (2006)
Net income $267 million USD (2006)
Employees 7,332[1]
Website www.chrobinson.com

C.H. Robinson Worldwide, Inc. (NASDAQCHRW) is a Fortune 500 third-party logistics provider which provides domestic and international freight transportation and logistics services.

Contents

History

Charles Robinson (born in New York City) incorporated C.H. Robinson Company in 1905 in the city of Grand Forks, North Dakota, 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 by horse and buggy before they spoil.

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 of 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 (NASDAQCHRW).

On March 4th, 2010 Fortune Magazine named C H Robinson as the most admired transportation, trucking, and logistics company in the world.

Corporate Governance

John P. Wiehoff took over as CEO from D.R. “Sid” Verdoorn in 2002, who remained as chairman of the board until his retirement in 2006, at which time Wiehoff assumed the role of Chairman.

Analyst Coverage

See Yahoo! analyst coverage

References

External links

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