History
In 1905, Charles Robinson (born in New York City) partnered with Fred Parks Nash and Willis King Nash to incorporate C.H. Robinson Company in the city of Grand Forks, North Dakota, as a produce and general merchandise brokerage firm. Robinson expanded the business and moved the headquarters to Minneapolis, Minnesota in 1919. In 1968, the company entered the regulated trucking business with a contract carrier known as Meat Packers Express in Omaha, Nebraska and later created ROBCO Transportation as an irregular route carrier. The company became wholly owned by its employees in 1976.
The 1980 Motor Carrier Act deregulated the trucking industry, permitting more flexible pricing and service arrangements between carriers and shippers. In 1989, C.H. Robinson International, Inc. was formed, which expanded the company's services as a freight forwarder, non-vessel operating common carrier (NVOCC) and customs broker.
C.H. Robinson went public on October 16, 1997, as C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW).
Throughout the past two decades, C.H. Robinson has expanded primarily through organic growth. It has also made several acquisitions.
On March 4, 2010, Fortune magazine named C. H. Robinson as the most admired transportation, trucking and logistics company in the world and on March 21, 2011 Union Pacific was named first and C.H. Robinson named second.
Read more about this topic: C. H. Robinson Worldwide
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