C.H. Robinson Sells European Transport Business to Sennder Technologies, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has sold its European Surface Transportation business to sennder Technologies GmbH. The financial terms of the deal were not disclosed. This move aligns with C.H. Robinson's strategy to focus on profitable growth in its core modes: North American truckload and less-than-truckload, and global ocean and air.
July 30, 2024 | 7:06 am
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C.H. Robinson Worldwide, Inc. has sold its European Surface Transportation business to sennder Technologies. This strategic move is part of the company's plan to focus on profitable growth in its core modes.
The sale of the European Surface Transportation business allows C.H. Robinson to concentrate on its core modes, which could lead to more efficient operations and potentially higher profitability. This strategic focus is likely to be viewed positively by investors.
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