S&P rates C.H. Robinson BBB+

S&P said it assigned its BBB+ corporate credit rating C.H. Robinson Worldwide Inc.

The outlook is stable.

The agency said the rating on C.H. Robinson reflects the company's strong position in third-party contract logistics, which is a somewhat cyclical business, as well as its strong financial profile.

“Over the next two years, we expect that the company's business will continue to grow on the ongoing global economic expansion (barring any negative effects from changes in trade policy) and higher trade volumes in its core U.S. market,” S&P said in a news release.

“We also expect the company to improve its contract pricing terms over the next 12 months as the U.S. truck market continues to experience labor shortages amid high demand.”

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