"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
"Lots of other reasons to be bullish on the trucking industry in 2024: retail inventories have burned off, easing credit conditions, ..." - Craig Fuller, CEO & Founder of FreightWaves.
Valued at $8 billion in February 2022 (for comparison, CH Robinson's market cap was at $10 billion), they have been on the receiving end of both criticism and praise.
"Our number one challenge is fraud; fraud is rampant in trucking, it has ballooned to an $800 million problem. There's a surge of malicious actors engaging in illegal activity. Unfortunately, FMCSA is failing to enforce the law..." - Jeffrey Tucker
The Chattanooga-based freight brokerage grew from a bold idea into a $500 million enterprise, eventually merging with Coyote Logistics in 2014. Coyote was subsequently acquired by UPS in 2015 for almost $2 billion.
Question of the Day: For the sixth time in eight years, this state has experienced the largest population increase. Which state is it? Scroll to our main story to find out.
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