C.H. Robinson (Nasdaq: CHRW), the largest trucking freight brokerage, is in a challenging spot that isn’t strictly due to the Great Freight Recession. Its stock is trading near the lows of the COVID lockdown (closing price on April 26 was $70.22; the COVID low was $63.91), with investors asking tough questions about the company’s long-term…
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A truck driver hauling bread for a bakery is in the transportation business and is not a bakery worker, according to a recent U.S. Supreme Court decision in a closely watched case involving an aspect of the legal status of drivers. The decision, written by Chief Justice John Roberts, was unanimous. It overturned both a…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: China boosts its Mexico investments as nearshoring opportunities grow; Realterm acquires truck terminal in El Paso, Texas; Horton Automatics opens plant in Matamoros, Mexico; and Schunk invests $7 million to expand in Queretaro, Mexico. China boosts…
Chart of the Week: Outbound Tender Volume Index – USA, Dallas, Ontario, Atlanta SONAR: OTVI.USA, OTVI.DAL, OTVI.ONT, OTVI.ATL Dallas’ outbound tender volumes (OTVI.DAL) have grown approximately 50% over the past five years compared to the national average of 18%. The two largest outbound markets in the U.S. — Ontario, California, and Atlanta — have both lost…