That affected third-quarter earnings at one of the biggest names in this industry, C.H. Robinson. Visit Business Insider's homepage for more storiesOne of the trucking industry's biggest giants announced third-quarter earnings on Tuesday evening, and the results were even lower than the low expectations analysts had ahead of the release.
That drove down the stocks of other giants in transportation, like YRC Worldwide, Schneider, and Knight-Swift. Overall, the Russell 3000 Truckers Index declined by 6%, which is its largest intraday drop since Aug. 2011. C.H. Robinson's core offering is connecting trucking companies to the manufacturers and retailers who need that trucking capacity to move goods.
C.H. Robinson CEO Robert Biesterfeld pointed to that slowdown in volumes and overcapacity of truckers in explaining the brokerage's very bad quarter. And he said the struggles will continue until more capacity exits the market — largely driven by"Tariff concerns and fears of recession are weakening shipper demand," Biesterfeld said in a Wednesday call with investors.
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Hong Kong to enter recession after protests damage retail, tourism - Business InsiderHong Kong to enter recession after protests destroyed retailers and brought the city's tourist industry to its knees It was the HKPoliceTerrorism and HKPoliceState who brought the city to its knees. The HKSAR government has successfully turned a political matter to a civil-police crisis. Welcome to an authoritarian city. LiberateHongKong Helen504 FreeHK StandWithHongKong HKPoliceTerrorism HKPoliceState LiberateHongKong Stand With Hong Kong 🌟⚖
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
Mars CEO breaks down the transformation of the $35 billion company - Business Insider'Everything ... is radically different from when I started,' said Mars' CEO Grant Reid told Business Insider.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
Facebook's business is running 'almost flawlessly': analysts - Business InsiderIgnore all the scandals and negative headlines — Facebook is still an extraordinarily successful cash-printing machine. It's a private company, people always tend to forget that. $elling it's customers data is a good business, especially since the customers GIVE it away for a few likes. F'n hilarious !!! 😂😂😂😂 Yeah but how many users did they lose besides me?
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
BlueVine launched business banking services for SMBs - Business InsiderBlueVine is joining other neobanks and fintechs filling the gaps where incumbents fall short by addressing SMBs' lending needs:
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
Kroger has reversed its ban on Visa credit cards after previously accusing the company of 'excessive fees' that 'drive up food prices'Kroger is now accepting Visa credit cards at all stores, a Kroger spokeswoman told Business Insider on Wednesday. The spokesman woman did not reveal why the ban was revered. Ughhhhhh maybe cause they lost a huge chunk of business
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »