Why C.H. Robinson Worldwide Stock Drove Off the Road Today

C.H. Robinson Worldwide (CHRW -14.85%) has been battling through a tough demand and pricing environment, and its year-end results reflected it. Shares of the logistics company traded down 14% as of 1 p.m. ET Thursday after the company missed expectations.A cyclical business turns downwardC.H. Robinson is in the business of connecting shippers to those who need transport services. It manages about $22 billion in freight and 19 million shipments annually. But in 2023, with large businesses fretting over infla ...