C.H. Robinson Files Brief in Supreme Court to Protect Freight Brokers Under Federal Law
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Legal Liability Debate: C.H. Robinson Worldwide (CHRW) filed a brief in the U.S. Supreme Court seeking to affirm that federal law preempts state laws, protecting freight brokers from liability for carrier selection, thereby ensuring reliability and consistency in freight transportation.
- Case Background: The case arises from a serious accident involving a federally licensed motor carrier, with the plaintiff alleging negligence in C.H. Robinson's selection of the carrier; however, the Seventh Circuit ruled that such claims are preempted by the FAAAA, creating a legal split with other circuits.
- Economic Impact: C.H. Robinson's Chief Legal Officer emphasized that federal law has provided clear rules for freight movement, and allowing different state standards could increase costs and uncertainty in supply chains, undermining economic stability.
- Market Performance: C.H. Robinson's shares have surged 67% over the past 52 weeks, reflecting strong market confidence in its freight logistics operations, with Seeking Alpha's Quant Rating still indicating a
Analyst Views on CHRW
Wall Street analysts forecast CHRW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHRW is 147.10 USD with a low forecast of 77.00 USD and a high forecast of 177.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
12 Buy
6 Hold
2 Sell
Moderate Buy
Current: 173.420
Low
77.00
Averages
147.10
High
177.00
Current: 173.420
Low
77.00
Averages
147.10
High
177.00
About CHRW
C.H. Robinson Worldwide, Inc. is a global logistics provider. The Company's segments include North American Surface Transportation (NAST), Global Forwarding, and All Other and Corporate. NAST segment provides transportation and logistics services across North America through a network of offices in the United States, Canada, and Mexico. NAST segment’s services include truckload and less than truckload transportation brokerage services. Global Forwarding segment provides transportation and logistics services through an international network of offices in North America, Europe, Asia, Oceania, South America, and the Middle East and also contracts with independent agents worldwide. Global Forwarding segment’s services include ocean freight services, air freight services, and customs brokerage. All Other and Corporate segment includes Robinson Fresh and Managed Solutions. Robinson Fresh provides sourcing services. In its Managed Solutions business, it often acts as the shipper’s agent.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
