CHRW · 10-Q · 2026Q3 · Full report

Macroeconomic Factors Impact

C. H. ROBINSON WORLDWIDE, INC. · 2026-10-30 · Importance 33 · Surprise 24

During the nine months ended September 30, 2026, tighter truckload and LTL capacity in NAST—associated with elevated insurance costs, stricter driver requirements, and federal enforcement actions—combined with elevated diesel prices to increase market pricing and costs. In global forwarding, earlier-than-usual peak-season demand and ocean carriers’ capacity management, including blank sailings, supported higher ocean rates. Middle East conflicts reduced airspace availability and changed flight routings, while higher jet fuel prices kept air freight pricing and costs elevated; the resulting higher costs and pricing increased net operating working capital and reduced operating cash flow versus the prior-year period.