EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--
C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (NASDAQ: CHRW) today
announced that, starting with our fourth quarter 2016 results to be
reported on January 31, we will report operating results based on three
reportable segments: North American Surface Transportation (“NAST”),
Global Forwarding, and Robinson Fresh, to align with our current
management reporting structure.
In order to help you understand our financial results when we release
earnings, we wanted to share some information with you in advance of
reporting.
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
included in this business line and 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 included in the Global Forwarding
business line are Ocean Freight services, Airfreight services, and
Customs Brokerage.
Robinson Fresh provides sourcing services under the name of
Robinson Fresh. Our sourcing 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.
Our Managed Services business, as well as surface transportation outside
of North America and other miscellaneous operations, will be reported in
an “All Other and Corporate” category.
For each segment and “All Other and Corporate”, we will be reporting six
key disclosures:
-
Total Revenues
-
Net Revenues
-
Segment Operating Income / (Loss)
-
Depreciation and Amortization
-
Total Assets
-
Average Headcount
To ensure that you have a basis for comparison, in addition to current
period, we will also provide certain historical segment information as
an exhibit in our 8-K filing.
We hope this helps set the stage for our new disclosures after the
market closes on Tuesday, January 31, 2017.
About C.H. Robinson
At C.H. Robinson, we believe in accelerating global trade to seamlessly
deliver the products and goods that drive the world’s economy. Using the
strengths of our knowledgeable people, proven processes and global
technology, we help our customers work smarter, not harder. As one of
the world’s largest third-party logistics providers (3PL), we provide a
broad portfolio of logistics services, fresh produce sourcing and
Managed Services for more than 110,000 customers and 68,000 contract
carriers through our integrated network of 280 offices and more than
14,000 employees. In addition, the company, our Foundation and our
employees contribute millions of dollars annually to a variety of
organizations. Headquartered in Eden Prairie, Minnesota, C.H. Robinson
(CHRW) has been publicly traded on the NASDAQ since 1997. For more
information, visit http://www.chrobinson.com
or view our company
video.
Source: C.H. Robinson

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Tim Gagnon, Director of
Investor Relations