C.H. Robinson’s Second-Quarter Earnings Call Focuses on $600 Million “Landmark Ruling”; Company Says It Will Appeal
Logistics company C.H. Robinson’s second-quarter earnings conference call focused primarily on the more than $600 million “jury verdict” handed down against it by a Texas court last week. The verdict stemmed from a fatal traffic accident in 2021, in which a jury found C.H. Robinson negligent in its hiring of the carrier involved, Lupus Superior. C.H. Robinson CEO Dave Bozeman stated that the company believes it was not at fault, that the verdict was based on emotion rather than law, and that it is confident it will overturn the verdict on appeal—a process that is expected to take several years. The case has sparked widespread concerns within the freight brokerage industry regarding liability and carrier vetting standards, and C.H. Robinson is calling on the federal government to provide clear guidance.
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