C.H. Robinson Worldwide Files 2024 10-K

TL;DR

CHRW filed its 2024 10-K. All systems go for freight and cargo.

AI Summary

C.H. Robinson Worldwide, Inc. filed its 2024 10-K on February 14, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in Eden Prairie, MN, operates in freight and cargo transportation arrangement. This filing provides a comprehensive overview of its business, financial condition, and results of operations for the period.

Why It Matters

This filing provides investors and analysts with a detailed look into C.H. Robinson's financial health and operational performance for the past fiscal year, crucial for understanding its market position and future prospects.

Risk Assessment

Risk Level: low — This is a standard annual financial filing (10-K) with no immediate red flags or unusual disclosures.

Key Numbers

• 2024 — Fiscal Year (Reporting period for the 10-K)
• 1231 — Fiscal Year End (Indicates the end date of the reporting period)

Key Players & Entities

• C. H. ROBINSON WORLDWIDE, INC. (company) — Filer
• 0001043277-25-000012 (document_id) — Accession Number
• 20250214 (date) — Filing Date
• 20241231 (date) — Fiscal Year End
• 4731 (sic_code) — Standard Industrial Classification
• Eden Prairie, MN (location) — Business Address

FAQ

Key Financial Figures

• $0.10 — ich registered Common Stock, par value $0.10 per share CHRW The Nasdaq Global Select
• $88.12 — 90,294 (based upon the closing price of $88.12 per common share on that date as quoted
• $17.7 billion — ld, with consolidated total revenues of $17.7 billion in 2024. We deliver logistics like no o
• $23 billion — approximately 37 million shipments and $23 billion in freight. As an integral part of our

Filing Documents

• chrw-20241231.htm (10-K) — 2027KB
• exhibit191.htm (EX-19.1) — 35KB
• exhibit212024.htm (EX-21) — 54KB
• exhibit2312024.htm (EX-23.1) — 2KB
• exhibit242024.htm (EX-24) — 16KB
• ex311q42024.htm (EX-31.1) — 9KB
• ex312q42024.htm (EX-31.2) — 9KB
• ex321q42024.htm (EX-32.1) — 4KB
• ex322q42024.htm (EX-32.2) — 4KB
• chrw-20241231_g1.jpg (GRAPHIC) — 282KB
• chrw-20241231_g2.jpg (GRAPHIC) — 42KB
• 0001043277-25-000012.txt ( ) — 11873KB
• chrw-20241231.xsd (EX-101.SCH) — 70KB
• chrw-20241231_cal.xml (EX-101.CAL) — 108KB
• chrw-20241231_def.xml (EX-101.DEF) — 423KB
• chrw-20241231_lab.xml (EX-101.LAB) — 854KB
• chrw-20241231_pre.xml (EX-101.PRE) — 710KB
• chrw-20241231_htm.xml (XML) — 1701KB

Page

PART I Page

Business

Item 1. Business 3

Risk Factors

Item 1A. Risk Factors 15

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 21

Cybersecurity

Item 1C. Cybersecurity 21

Properties

Item 2. Properties 23

Legal Proceedings

Item 3. Legal Proceedings 23

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 23 PART II

Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 23

Reserved

Item 6. Reserved 25

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 26

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 37

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 38

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 70

Controls and Procedures

Item 9A. Controls and Procedures 70

Other Information

Item 9B. Other Information 70

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 70 PART III

Directors, Executive Officers, and Corporate Governance

Item 10. Directors, Executive Officers, and Corporate Governance 71

Executive Compensation

Item 11. Executive Compensation 71

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 71

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 71

Principal Account ant Fees and Services

Item 14. Principal Account ant Fees and Services 72 PART IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 72

Form 10-K Summary

Item 16. Form 10-K Summary 75

Signatures

Signatures 76 2 Table of Contents PART I

BUSINESS

ITEM 1. BUSINESS Overview C.H. Robinson Worldwide, Inc. ("C.H. Robinson," "the company," "we," "us," or "our") is one of the largest global logistics providers in the world, with consolidated total revenues of $17.7 billion in 2024. We deliver logistics like no one else. Companies around the world look to us to reimagine supply chains, advance freight technology and solve logistics challenges — from the simple to the complex. We are grounded in our promise to deliver exceptional customer success, using our expertise, scale and tailored solutions to help customers navigate increasingly complex global supply chains. Operating throughout North America, Europe, Asia, Oceania, South America, and the Middle East, we help ensure the seamless delivery of goods across industries and continents. Our global suite of multimodal logistics services brings together the expertise of our people with custom technology differentiated by one of the largest datasets on shipments, routings, and carriers in the world. The Robinson Operating Model is the foundation of our strategy, execution, and accountability throughout the organization. Rooted in Lean principles, it has elevated our team and leaders to focus on accelerated opportunity identification and operational effectiveness in delivering value to our customers. Leveraging our rich datasets supported by the framework of the Robinson Operating Model, our culture has embraced a disciplined approach to continuous improvement and speed of decision making. As one of the world's largest logistics platforms, our proprietary technology connects 83,000 customers and 450,000 carriers. We work closely with a global network of transportation companies, including contracted motor carriers, railroads, and ocean and air carriers. We utilize those relationships to efficiently and cost-effectively arrange the transport of our customers' freight. In 2024, our customers trusted us to manage approximately 37 million shipments and $23 billion in fre