C.H. Robinson Worldwide Acquires American Backhaulers.MINNEAPOLIS--(BUSINESS WIRE)--Dec. 17, 1999-- C.H. Robinson Worldwide, Inc. ("C.H. Robinson") (Nasdaq: CHRW CHRW C.H. Robinson Worldwide (stock symbol) ), today announced that it has finalized its acquisition of all of the ongoing operations and certain assets of American Backhaulers, Inc. for $100 million in cash and 1,120,715 shares of newly-issued C.H. Robinson stock. Founded in 1905, C.H. Robinson Worldwide, Inc., has gross revenues of approximately $2 billion and is a global provider of multimodal Two or more modes of operation. The term is used to refer to a myriad of functions and conditions in which two or more different methods, processes or forms of delivery are used. On the Web, it refers to asking for something one way and receiving the answer another; for example requesting transportation services, logistics solutions and fresh produce sourcing, operating through a network of 131 offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Mexico, Europe, and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . In North America, C.H. Robinson is one of the largest third-party logistics companies and maintains the single largest network of motor carrier capacity through contracts with more than 19,000 motor carriers. The company is one of the largest third-party providers of intermodal services in the United States. C.H. Robinson Worldwide, Inc., headquarters is in Eden Prairie, Minnesota The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. . For more information about C.H. Robinson Worldwide, visit www.chrobinson.com. For more information about American Backhaulers, visit www.backhaulers.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion