Latest news with #CHRobinson
Yahoo
20-05-2025
- Business
- Yahoo
5 Red Flags on a Rate Confirmation Sheet You Should Never Ignore
Scam loads are on the rise. Fraudulent rate confirmations—fake documents posing as real broker contracts—are being used to trick carriers into hauling freight they'll never get paid for. These scams aren't just hurting new carriers. They're costing experienced fleets thousands in fuel, time, and credibility. Fraudsters are getting better. They mimic real brokers, forge FMCSA credentials, copy MC numbers, and even create fake dispatchers with legitimate-sounding names. In most cases, it all looks real—until it's not. This article breaks down how to spot a fraudulent rate confirmation, how to verify a broker before you roll, and the systems every small fleet needs in place to avoid being scammed. A fraudulent rate confirmation is a fake load agreement sent to a carrier, typically by someone posing as a legitimate broker. These rate cons look real—they list the broker's logo, load details, and even a real MC number—but they often: Come from spoofed email addresses List non-official phone numbers Contain payment instructions not tied to the broker's real systems Are tied to fake dispatchers using stolen broker identities Once the carrier books the load and hauls the freight, the scammer disappears—and the real broker has no record of the agreement. The carrier gets stiffed, and there's no bond to file on because no valid contract exists. Newer MC numbers often don't have set verification processes Many carriers run spot freight and book fast under pressure Fraudsters know owner-ops may not have a back office to catch red flags This is why small carriers must run tighter systems than ever before. Verification isn't optional. It's essential. Legit broker rate cons come from official domains—like @ @ or @ Watch for: Gmail or Yahoo addresses (e.g., Subtle misspellings (e.g., @ @ Free or suspicious-looking domains (e.g., @ Fraudsters list fake dispatch numbers that won't connect to the broker's main line. Verify by calling the official number listed on the broker's FMCSA profile or company website. Scammers will try to speed up the process: 'We need to move this ASAP, don't worry about the paperwork right now.' 'This load was just added and has to move tonight. Can you confirm?' Any pressure to skip verification is a sign to stop and double-check. Legit rate cons list: Correct company name and MC/DOT number Physical address Broker's contact info Red Flag Example: Rate con lists CH Robinson, but the company name on the FMCSA profile is 'Fast Haul Logistics Inc.' Run the MC number at and match it to the name, address, and phone number listed on the rate con. Fraudsters may ask you to send: Invoices to an unknown factoring company BOLs to a third-party email address not associated with the broker Zelle or ACH info to a personal account Real brokers never ask for payment routing changes outside of their TMS or verified process. An example is, a carrier received a rate con from what looked like C.H. Robinson, offering $2,900 for a load from Georgia to Texas. The email address was @ and the dispatcher used a real broker rep's name. The rate con looked clean. But: The phone number wasn't listed anywhere online The MC number matched C.H. Robinson, but the invoice submission email was a Gmail address The pickup appointment had already been booked with a different carrier The scam was caught—but only because the dispatcher Googled the contact and called the real C.H. Robinson main line to verify. 1. Look Up the MC Number Use and search by: MC number Company name DOT number 2. Call the Broker's Official NumberDon't rely on the number in the rate con. Call the main number listed on the FMCSA site or the broker's website and ask: 'I received a rate con for load #123456 from [name]. Can you confirm this is valid?' 3. Verify the Email Domain Check the broker's website for their real email the rate con doesn't come from that exact domain, it's a red flag. 4. Review Payment Instructions Real brokers submit payments: Through TMS portals (e.g., TriumphPay, RMIS, MyCarrierPacket) To official accounting email addresses Never send invoices or BOLs to a Gmail or Yahoo address. Do not haul the load until confirmed Call the real broker immediately Report the fraud to the FMCSA and Office of The Inspector General Keep all communication records—screenshots, emails, voicemails Check the Shipper Directly, if you've already been given a pickup number—call the shipper and confirm if they expect you Train your dispatchers to verify every MC, phone number, and domain Use a rate con review checklist that includes scam-check questions Assign a single person or system to vet all rate cons before the truck is dispatched Use digital tools like Highway, MyCarrierPackets, or Carrier Assure to track broker legitimacy In this freight market, no one can afford to haul for free. And no one should be scammed because they didn't know what to look for. Fraudulent rate cons are slick, and they're getting better every month. But with a little structure, a little awareness, and a zero-rush policy—you can shut the door on scam loads before they hit your truck. The post 5 Red Flags on a Rate Confirmation Sheet You Should Never Ignore appeared first on FreightWaves.
Business Insider
02-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Trane Technologies (TT) and CH Robinson (CHRW)
Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Trane Technologies (TT – Research Report) and CH Robinson (CHRW – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Trane Technologies (TT) J.P. Morgan analyst Stephen Tusa maintained a Hold rating on Trane Technologies yesterday and set a price target of $334.00. The company's shares closed last Thursday at $392.62. According to Tusa is a 5-star analyst with an average return of 11.1% and a 62.5% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International. Trane Technologies has an analyst consensus of Hold, with a price target consensus of $380.00, which is a -1.9% downside from current levels. In a report issued on April 16, RBC Capital also maintained a Hold rating on the stock with a $363.00 price target. CH Robinson (CHRW) J.P. Morgan analyst Brian Ossenbeck maintained a Buy rating on CH Robinson yesterday and set a price target of $118.00. The company's shares closed last Thursday at $90.28. According to Ossenbeck is a 4-star analyst with an average return of 4.0% and a 44.8% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as Canadian Pacific Kansas City, Canadian National Railway, and Expeditors International. CH Robinson has an analyst consensus of Moderate Buy, with a price target consensus of $110.57, which is a 26.2% upside from current levels. In a report issued on April 30, Wells Fargo also maintained a Buy rating on the stock with a $125.00 price target.
Reuters
29-01-2025
- Business
- Reuters
CH Robinson beats Q4 profit estimates on cost cuts
Jan 29 (Reuters) - Global freight forwarder CH Robinson's (CHRW.O), opens new tab fourth-quarter profit beat analysts' estimates on Wednesday, aided by cost cuts and strong demand in ocean and air shipment. The company's ocean services business focuses on managing freight costs and optimizing shipping routes, while ensuring compliance with international regulations for carriers and helping them navigate complexities of international shipping. The Minnesota-based company posted adjusted income of $1.21 per share for the quarter ended Dec. 31, compared with analysts' average estimate of $1.11 per share, according to data compiled by LSEG. Total revenue fell nearly 1% to $4.18 billion. Its operating expenses declined 2%.
