We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
C.H. Robinson (CHRW) Likely to Hire Its New CEO From Ford
Read MoreHide Full Article
C.H. Robinson Worldwide’s (CHRW - Free Report) search for a chief executive officer or CEO has reportedly ended. The transportation company has been on the lookout for a permanent CEO, ever since Bob Biesterfeld stepped down on Dec 31, 2022.
Scott Anderson has been serving as the interim CEO of the United States’ largest freight broker since Jan 1. According to people familiar with the matter, CHRW will have a permanent CEO soon and has chosen David Bozeman for the top position.
Bozeman is currently serving as the vice president of the customer services division and enthusiast brands at Ford Motor Company (F - Free Report) . Apart from his current role, Bozeman is widely experienced, having been associated with many companies in various capacities.
The update comes as a surprise. Per earlier reports, Jim Barber, a former executive of United Parcel Service (UPS - Free Report) , was the frontrunner for the CEO’s post at CHRW.
Whatever the final announcement from CHRW regarding this issue maybe, the company hopes that the new CEO will be able to pull it out of the current troubles induced by weak freight demand. Evidently, shares of CHRW have plunged 15.1% in a year. The industry to which CHRW belongs has declined 9% in the same timeframe.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
Currently, C.H. Robinson carries a Zacks Rank #3 (Hold).
A better-ranked stock for investors interested in the Zacks Transportation sector is Copa Holdings (CPA - Free Report) .
Copa Holdings, which presently sports a Zacks Rank #1 (Strong Buy), is aided by improved air-travel demand. We are encouraged by the company’s initiatives to modernize its fleet. CPA's focus on its cargo segment is also impressive. You can see the complete list of today’s Zacks #1 Rank stocks here.
For second-quarter and 2023, CPA’s earnings are expected to register 765.6% and 75.4% growth, respectively, on a year-over-year basis.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
C.H. Robinson (CHRW) Likely to Hire Its New CEO From Ford
C.H. Robinson Worldwide’s (CHRW - Free Report) search for a chief executive officer or CEO has reportedly ended. The transportation company has been on the lookout for a permanent CEO, ever since Bob Biesterfeld stepped down on Dec 31, 2022.
Scott Anderson has been serving as the interim CEO of the United States’ largest freight broker since Jan 1. According to people familiar with the matter, CHRW will have a permanent CEO soon and has chosen David Bozeman for the top position.
Bozeman is currently serving as the vice president of the customer services division and enthusiast brands at Ford Motor Company (F - Free Report) . Apart from his current role, Bozeman is widely experienced, having been associated with many companies in various capacities.
The update comes as a surprise. Per earlier reports, Jim Barber, a former executive of United Parcel Service (UPS - Free Report) , was the frontrunner for the CEO’s post at CHRW.
Whatever the final announcement from CHRW regarding this issue maybe, the company hopes that the new CEO will be able to pull it out of the current troubles induced by weak freight demand. Evidently, shares of CHRW have plunged 15.1% in a year. The industry to which CHRW belongs has declined 9% in the same timeframe.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
Currently, C.H. Robinson carries a Zacks Rank #3 (Hold).
A better-ranked stock for investors interested in the Zacks Transportation sector is Copa Holdings (CPA - Free Report) .
Copa Holdings, which presently sports a Zacks Rank #1 (Strong Buy), is aided by improved air-travel demand. We are encouraged by the company’s initiatives to modernize its fleet. CPA's focus on its cargo segment is also impressive. You can see the complete list of today’s Zacks #1 Rank stocks here.
For second-quarter and 2023, CPA’s earnings are expected to register 765.6% and 75.4% growth, respectively, on a year-over-year basis.