📉 C.H. Robinson Stock Tanks

"Verdict on earnings at CHRW has been swift and savage. It hit a 52-week low at $71.57 today. It was $89.71 as recently as Jan 5. Stock hasn't been this low since May '20." - John Kingston

📉 C.H. Robinson Stock Tanks

Happy Groundhog Day. This morning, Punxsutawney Phil predicted an early spring. Hopefully, that also means produce loads from the South will hit the market early this year. Today's feature focuses on the latest Q4 2023 logistics earnings reports, highlighting key financials and market impacts. We're also covering C.H. Robinson's stock drop post-earnings, the FBI's crackdown on a trucker-involved drug ring, and the latest acquisition by Ryder System.

🤔 Question of the Day: What percentage of the retail market share does ZYN hold in the US? Scroll down to the Around the Freight Web section to find out.

Today's Newsletter is Brought To You By Armstrong Transport Group.

In today's email:

  • Three Freight Headlines: C.H. Robinson's earnings woes, a major FBI drug bust involving truckers, and Ryder System's latest acquisition.
  • The Latest Q4 2023 Earnings Reports
  • Around the Freight Web: ZYN's explosive market growth, BYD's shift into shipping, and a positive turn in the freight market outlook.
  • Freight Meme of the Day

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