CHRW · 10-Q · 2026Q3 · Full report

Trade Policy and Tariffs

C. H. ROBINSON WORLDWIDE, INC. · 2026-10-30 · Importance 26 · Surprise 24

Shifting tariff policies in the prior-year period contributed to substantially lower ocean freight rates across many trade lanes, alongside excess vessel capacity and softening consumer demand. In the prior-year Global Forwarding results, the evolving tariff landscape also led to short-lived spikes in demand and pricing, but elevated capacity and weak consumer sentiment ultimately contributed to lower rates and purchased transportation costs. Management identifies evolving trade and tariff policy as a factor likely to drive near-term volatility in ocean and air freight pricing, with the extent and duration uncertain.