While perceptions of artificial intelligence are influencing recent market activity, C.H. Robinson has been a leader in AI for more than a decade and we believe AI will only continue to strengthen our performance and widen our competitive moat. We remain confident in our strategy and continue to execute on our disciplined share repurchases from the past year.
Since 2023, our unique, disciplined approach to deploying the newest forms of artificial intelligence at scale has driven tangible business results. Lean AI is a combination of our operating model, our technology and our world-class logisticians. It has increased our productivity more than 40%, automated millions of shipping tasks, saved thousands of hours of work per day and lowered our cost to serve while delivering superior service.
Scale matters in both technology and logistics. Managing over 37 million shipments a year – over 100,000 per day – our success in building AI lies in the unmatched scale of our data, purpose-built technology and deep logistics expertise. Our success in deploying AI lies not just in automating back-office tasks but operating global supply chains for our 75,000 customers.
Our leadership in AI enhances the already strong fundamentals of our company:
- We have outperformed the freight market for eight consecutive quarters.
- Our strong balance sheet, liquidity and investment-grade credit rating allow us to continually invest in innovation, even when competitors can’t, while also buying back our stock.
- We are a dividend aristocrat, returning higher dividends to our investors for 27 consecutive years.
Rather than being disrupted, our 120-year-old company is the disrupter – and we’re just getting started.
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