C.H. Robinson Worldwide Inc. has been chosen to be one of the 20 companies used to calculate the Dow Jones Transportation Average index. C.H. Robinson replaces Roadway, which was dropped from the list upon its acquisition by Yellow Corp.
The Eden Prairie, Minn.-based transportation and logistics company, which traces its roots to truckloadbased motor freight services, is recognized as one of the fastest-growing logistics firms in the United States. The company reported 2002 revenue of $3.3 billion, delivered 2.7 million shipments for more than 15,000 customers worldwide and has 4,044 employees.
The transportation index was introduced in 1884 and was originally composed of nine companies.Yellow Corp. is part of the index, as are United Parcel Service Inc., FedEx Corp. and railroad company Burlington Northern Santa Fe Corp.