CEO of logistics giant C.H. Robinson says the business can weather Trump tariffs

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

News News

United States United States Latest News,United States United States Headlines

“The freight still has to move. It might just move at a different starting point, and we would still be there to move that,” C.H. Robinson CEO Dave…

As Dave Bozeman takes the stage at his first investor day as CEO of C.H. Robinson, he'll have to contend with a freight recession, the threat of higher tariffs and the turnaround of a century-old logistics giant.

"I want to lay out our vision and that we actually already started executing," Bozeman told CNBC in an exclusive interview ahead of the company's investor day on Thursday. "We are going to grow market share, and we are going to expand our overall operating margins.

Citi transportation analyst Ari Rosa upgraded C.H. Robinson to a buy rating in November. He believes tariffs are creating a short-term pull forward of freight and agrees with Bozeman that, long term, the company has the ability to mitigate the impact of potential tariffs. "We're able to get quotes back to customers in less than 2 minutes in a conversational manner," he said."It allows our people to now stay on solutioning and executing and solving things with our customers, versus spending time on menial tasks."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 270. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines