company CHRW - SteadyBase

steadybase-$ company CHRW

account_id none on file

legal_name C. H. Robinson Worldwide, Inc.

ticker CHRW

cik 1043277

domain chrobinson.com

linkedin_company_url https://www.linkedin.com/company/c-h-robinson

entry_point_account_id none on file

name C.H. Robinson Worldwide Inc.

exchange Nasdaq

sector Consumer Discretionary

hq Eden Prairie, MN, United States

irhttps://investor.chrobinson.com/

sector index/company/sector/consumer-discretionary/

calls 13 filings 60 executives 11 family 0

why_nownone on file

calls

In forwarding, admittedly, we likely got ahead of ourselves in terms of headcount. We certainly did not expect that the market was going to come down as rapidly as it did. We were certainly cautious. A lot of the headcount, the way that we pre-plan our workforce plans, Bruce, were hiring in advance of opportunity. And so many of those hires were already in, I'd say, in flight leading into the quarter. They were offers that had been extended and accepted. And we didn't feel like it was the right thing from the talent brand perspective to be rescinding offers in that environment. So, you know, as we talk about, you know, the cost reduction initiatives and kind of that balance between SG&A and personnel, that will clearly, you know, deliver a drawdown in headcount commensurate with the cost reduction. And as I said before, that'll be focused primarily on asking for it.

Nov 2, 2022 / receipt, needs a key / Bob, CEO | earnings call 2022-11-02 | transcript 6f8e82bc-a4d6-4fa4-ab4f-0f33e5d34303 | chars 29989-30867 | segment 30

Excluding the $25.3 million gain from the sale and leaseback of our Kansas City Regional Center, Q2 SG&A was up 13.4%, driven by year-over-year increases in purchase services and travel expenses.

Jul 27, 2022 / receipt, needs a key / Mike, CFO | earnings call 2022-07-27 | transcript 974de4f8-efbf-4b4e-8a32-95d490a386cf | chars 15868-16063 | segment 15

For 2022, we continue to expect total SG&A expenses to be $550 million to $600 million primarily due to a higher level of spending on technology initiatives and travel.

Apr 27, 2022 / receipt, needs a key / Mike, CFO | earnings call 2022-04-27 | transcript 58e3f11a-933d-400d-891d-a88f728f34b7 | chars 16834-17002 | segment 16

2022 travel spending is expected to return to approximately half of our pre-pandemic levels.

Apr 27, 2022 / receipt, needs a key / Mike, CFO | earnings call 2022-04-27 | transcript 58e3f11a-933d-400d-891d-a88f728f34b7 | chars 17003-17095 | segment 17

For 2022, we expect total SG&A expenses to be $550 million to $600 million, compared to $526 million for 2021. The approximately 9% increase at the midpoint is primarily due to a higher level of spending as we expect travel spending to return to approximately half of our pre-pandemic levels.

Feb 2, 2022 / receipt, needs a key / Mike Zuckmeister, CFO | earnings call 2022-02-02 | transcript 817b1f06-3966-48c0-9519-2041b8520280 | chars 20614-20906 | segment 20

We continue to expect 2021 total SG&A expenses to be approximately $0.5 billion, which includes travel expenses building in the back half of the year.

Jul 27, 2021 / receipt, needs a key / Mike Zechmeister, CFO | earnings call 2021-07-27 | transcript 03c254ab-0164-4af4-b85f-d5697fd27d5c | chars 17972-18122 | segment 18

We continue to forecast 2021 total SG&A expenses to be approximately a half a billion dollars, including the expectation that travel expenses will build in the back half of 2021 as the impact of the pandemic subsides.

Apr 27, 2021 / receipt, needs a key / Mike, CFO | earnings call 2021-04-27 | transcript 704469e3-7b09-4e94-90c4-d736e11572aa | chars 16755-16972 | segment 16

Q4 SG&A expenses of $124.5 million were down $18.6 million, or 13%, compared to Q4 of 2019, primarily due to continued reductions in travel expenses.

Jan 27, 2021 / receipt, needs a key / Mike, CFO | earnings call 2021-01-27 | transcript 58a6b090-6f2c-4296-82bc-5a061cc10cf7 | chars 15416-15565 | segment 15

We expect our 2021 total SG&A expenses will be approximately a half a billion dollars, with travel expenses building in the back half of 2021 as the impact of the pandemic subsides.

Jan 27, 2021 / receipt, needs a key / Mike, CFO | earnings call 2021-01-27 | transcript 58a6b090-6f2c-4296-82bc-5a061cc10cf7 | chars 15566-15747 | segment 15

Q3 SG&A expenses of $118.1 million were up 5.7% or $6.3 million compared to Q3 last year, despite significant reductions in travel.

Oct 28, 2020 / receipt, needs a key / Mike Zechmeister, CFO | earnings call 2020-10-28 | transcript 50aefa5a-9d31-46d7-80c2-4f509302d425 | chars 10431-10562 | segment 10

As we communicated previously, we put in place cost savings initiatives impacting personnel, non-critical project spending, travel and entertainment, and the temporary suspension of the company match to retirement plans in the U.S. and Canada.

Oct 28, 2020 / receipt, needs a key / Mike Zechmeister, CFO | earnings call 2020-10-28 | transcript 50aefa5a-9d31-46d7-80c2-4f509302d425 | chars 10872-11115 | segment 11

We also expect to see lower sustained level of travel expense as we enhance our virtual communication efforts.

Oct 28, 2020 / receipt, needs a key / Mike, CFO | earnings call 2020-10-28 | transcript 50aefa5a-9d31-46d7-80c2-4f509302d425 | chars 15902-16012 | segment 16

filings

Capacity Portfolio Representative - Full Time Roles Starting Spring/Summer 2027 | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Atlanta-GA-United-States-of-America/Capacity-Portfolio