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Fly News Breaks for September 28, 2015
CHRW
Sep 28, 2015 | 06:50 EDT
BB&T upgraded C.H. Robinson to Buy with a $81 price target. Analyst Thomas Albrecht believes C.H. Robinson's 50-50 mix of committed and spot volumes is ideal for the current environment as many small carriers have increased their dependence upon larger brokers to get shipping loads. Additionally, Albrecht said trucking capacity is growing and larger truck OEM backlogs will lead to continued fleet growth at least into next spring.
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