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21:30
Jul 29 ◎

CHRW FY2026 Q2 Watch

C.H. Robinson Worldwide, Inc. (CHRW) FY2026 Q2 Earnings Call

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Michael Castagnetto

North American truckload spot rates spiked 34% year-over-year in Q2, driven by supply-side enforcement actions (Road Check), yet CHRW maintained flat truckload gross profit per load, indicating improved revenue management pricing power. This suggests other brokers with less sophisticated pricing tools may face margin compression. — This indicates a sharp supply-driven tightening in the truckload market that could pressure competitors' margins and contractual pricing.

"Excluding fuel, DAT spot rates in Q2 increased approximately 34% year over year, up from approximately 19% in Q1."

JBHT WATCH LSTR WATCH

Dave Bozeman

Management expresses strong confidence in its ability to hit its raised 2026 operating income target despite worsening market conditions (index down 4.7% in H1 vs. flat assumption). They are leveraging productivity gains and market share wins to offset a supply-driven cost spike.

"Despite being in the trough of the freight market demand cycle, with the cast freight shipment index declining on a year-over-year basis for the 15th consecutive quarter, we hit our mid-cycle operating margin targets in both NAST and"

CHRW WATCH

HIGH

21:30
Apr 29 ◎

CHRW FY2026 Q1 Watch

C.H. Robinson Worldwide, Inc. (CHRW) FY2026 Q1 Earnings Call

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Dave Bozeman

Management is confident in its lean AI strategy and ability to outperform across the freight cycle, reaffirming long-term growth targets despite rising spot rates.

"we're not immune to macroeconomic conditions or an inflection in spot costs. but that we are managing those conditions better than we have in the past and better than our competitors."

CHRW WATCH

Michael Castagnetto

Truckload spot market costs excluding fuel increased ~19% YoY in Q1, driven by CDL enforcement and winter storms, disrupting the normal seasonal softening and raising tender rejection rates. — This supply-driven tightening is a leading indicator for the broader truckload and logistics sector, likely putting upward pressure on contract rates across the industry.

"Q1 truckload spot market costs, excluding fuel, increased approximately 19% year-over-year, according to DAT. This was a result of several supply-driven constraints"

FDX WATCH UPS WATCH

Michael Castagnetto

Management is deliberately choosing margin over volume, noting they could have grown truckload volume 'considerably more' but chose to optimize gross profit and earnings. — In a tightening market, this signals a strategic shift toward repricing and rate increases, a move that competitors may also need to take, potentially leading to higher industry-wide pricing.

"Q1 truckload spot market costs, excluding fuel, increased approximately 19% year-over-year, according to DAT. This was a result of several supply-driven constraints"

JBHT WATCH LSTR WATCH

HIGH

22:30
Jan 28 ◎

CHRW FY2025 Q4 Watch

C.H. Robinson Worldwide, Inc. (CHRW) FY2025 Q4 Earnings Call

CHRW ▾

Damon Lee

Management maintains its 2026 $6 EPS target but acknowledges a tough Q4 and Q1 macro environment with spot rate cost pressure carrying into January, tempering the tone.

"we remain confident in the 2026 operating income target that we updated last quarter."

CHRW WATCH

HIGH

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