Reported about 8 hours ago
C.H. Robinson, the largest freight broker in the U.S., saw its shares surge over 20% to a record high after reporting a quarterly profit that exceeded expectations, driven by efficiencies gained through artificial intelligence. While the logistics sector struggles with subdued freight volumes, C.H. Robinson has automated various tasks to reduce costs and enhance productivity, posting a profit of $1.40 per share. This successful transition positions the company favorably for continued growth in the competitive market.
Source: YAHOO