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Stock impact report

After CBS report, C.H. Robinson seeks to deflect safety responsibility to FMCSA [Yahoo! Finance]

C.H. Robinson Worldwide, Inc. (CHRW) 
Last c.h. robinson worldwide, inc. earnings: 4/28 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.chrobinson.com
Company Research Source: Yahoo! Finance
A CBS News report that focused in part on the issue of “chameleon carriers,” which the network had covered a few days earlier on 60 Minutes reported on the role of freight brokers keeping chameleon carriers on the road. C.H. Robinson (NASDAQ: CHRW) was singled out by CBS as a 3PL that had hired trucking companies who could be considered chameleon carriers with spotty records. The video can be seen here. CBS' reporting is suddenly forcing the brokerage industry and C.H. Robinson into a position of public focus as it awaits the outcome of the Supreme Court deliberations in Montgomery vs. Caribe Transport II, which regardless of which way it goes is seen as establishing an enormous legal precedent over the issue of broker liability in accidents that leave a person or persons dead or injured. In its response to the CBS report, C.H. Robinson came back to a defense that was part of the arguments it made in Montgomery: it is ultimately the federal government through the Federal Motor Ca Show less Read more
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