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Fly News Breaks for October 21, 2016
CHRW
Oct 21, 2016 | 09:42 EDT
Cleveland Research is modeling C.H. Robinson Q3 net revenues slightly below the mean due to margin pressures, and Q4 markedly more based on expectations margin pressures continue, offsetting share gains. Analyst Bryan Merolla said the TL demand environment remains soft as demand levels remain constrained and pricing trends remain aggressive, causing margin pressure. He expects net revenue growth below expectations in 2017 and maintains his Neutral rating on C.H. Robinson.
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