C.H. ROBINSON WORLDWIDE, INC. (NASDAQ:CHRW) Files An 8-K Regulation FD Disclosure
Item7.01
| Regulation FD Disclosure |
As previously reported, commencing with the results for the
quarter ended December31, 2016, C.H.Robinson Worldwide, Inc. is
now reporting operating results based on three reportable
segments: North American Surface Transportation (NAST), Global
Forwarding, and Robinson Fresh. The balance of the companys
business, including Managed Services and surface transportation
outside of North America, is being reported in All Other and
Corporate.
North American Surface Transportation (NAST)
provides freight transportation services across North America
through a network of offices in the United States, Canada, and
Mexico. The primary services provided by NAST include truckload,
less than truckload, intermodal, and domestic air.
Global Forwarding provides global logistics
services through an international network of offices in North
America, Asia, Europe, Australia, and South America and also
contracts with independent agents worldwide. The primary services
provided by Global Forwarding include ocean freight services,
airfreight services, and customs brokerage.
Robinson Fresh provides sourcing services under
the name of Robinson Fresh, which services primarily include the
buying, selling, and marketing of fresh fruits, vegetables, and
other perishable items. Robinson Fresh sources products from
around the world and has a physical presence in North America,
Europe, Asia, and South America. This segment often provides the
logistics and transportation of the products they sell, in
addition to temperature controlled transportation services for
its customers.
Exhibit 99.1 to this report, which is incorporated herein by
reference, provides certain prior period revenue information
consistent with the companys new segment reporting, and is being
presented for informational purposes only. This information is
unaudited and is being furnished in accordance with General
Instruction B.2 of Form 8-K and shall not be deemed filed for
purposes of Section18 of the Securities Exchange Act if 1934, as
amended (the Exchange Act), or otherwise subject to the
liabilities of that section, nor shall it be deemed to be
incorporated by reference in any filing under the Securities Act
of 1933, as amended, or the Exchange Act, except as expressly set
forth by specific reference in such filing.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 | Supplemental quarterly segment information for 2016 and 2015 |
About C.H. ROBINSON WORLDWIDE, INC. (NASDAQ:CHRW)
C.H. Robinson Worldwide, Inc. (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers. It operates through a network of offices in North America, Europe, Asia and South America. The Company also has developed global transportation and distribution networks to provide transportation and supply chain services across the world. In addition to transportation, the Company provides sourcing services (Sourcing) through Robinson Fresh (Robinson Fresh). The Company’s network of contracted transportation providers includes contract motor carriers, railroads, air freight carriers and ocean carriers. The Company’s sourcing business involves the buying, selling and marketing of fresh fruits, vegetables and other perishable items. C.H. ROBINSON WORLDWIDE, INC. (NASDAQ:CHRW) Recent Trading Information
C.H. ROBINSON WORLDWIDE, INC. (NASDAQ:CHRW) closed its last trading session up +1.11 at 76.45 with 797,892 shares trading hands.