CH Robinson Sticks to Its Bolt-on Strategy in Italy as China Freight Wanes — Panjiva


CH Robinson Sticks to Its Bolt-on Strategy in Italy as China Freight Wanes

China 2291 Consumer Staples 520 Corp - Forwarders 208 Industrials - Capital Goods 371 Italy 54 Mergers 209 U.S. 4079

CH Robinson’s acquisition of Italian trucking firm Dema will help the freight forwarder diversify its revenues and offer a more integrated Europe-to-Global logistics service. Both are needed given CH Robinson’s exposure to the slowing China-to-U.S. business. The latter represented 63.6% of CH Robinson’s U.S. seaborne inbound shipments in the 12 months to Apr. 30, and had already dropped 13.9% year over year in April. The largest CH Robinson customer in Italy-to-U.S. seaborne shipping – which may benefit from the wider service offering – was Bacardi, with 680 TEUs shipped in the past 12 m...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2020 S&P Global. All Rights Reserved.