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C.H. Robinson joins the 2022 recovery chorus while building market share

China 2899 Corp - Forwarders 325 Earnings 667 Mode - Containerized 1424 Mode - Seaborne 1760 Quote Watch 438 U.S. 5200 Vietnam 343

C.H. Robinson reported Q2’21 revenue growth of 52.5% year over year. That included a 105.0% jump in Global Forwarding revenue due to the “strong demand environment, market share gains and strained capacity”. The expansion can be seen too in a 56.2% year over year rise in U.S. seaborne imports handled by C.H. Robinson. The company’s CEO, Bob Biesterfeld, expects “the current market conditions to persist through 2021” due to “structural constraints” with “demand to remain strong into early 2022”. Aside from market growth, C.H. Robinson is also looking to build its market share. The firm h...

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