C.H. Robinson Worldwide: Don't See Any Strong Reasons To Turn Bullish

CHRW's cost discipline and 'People Plus Tech' strategy are driving impressive margin expansion despite a challenging freight market and weak topline growth. Management's structural cost savings position CHRW for greater upside when the freight cycle eventually recovers, reinforcing long-term earnings power. Persistent volume and revenue weakness, along with industry overcapacity, limit near-term growth and operating leverage despite market share gains.