CHRW · 10-K filed 13 Feb 2026 · year to 31 Dec 2025

C. H. Robinson Worldwide

24 named things its latest annual report says its results depend on, each in the company's own words. 16 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Top 100 customers

concentrated in · approximately 40 percent of our consolidated total revenuesnamed as a risk

During 2025, our top 100 customers based on total revenue comprised approximately 40 percent of our consolidated total revenues and our top 100 customers based on adjusted gross profits comprised approximately 28 percent of our consolidated adjusted gross profits.Risk factors (Item 1A)

Also named by EMN, LSTR

Suppliers

Contracted motor carriers

depends on · approximately 72 percent of our truckload shipmentsnamed as a risk

In 2025, our largest truck transportation provider was less than one percent of our total cost of transportation, and contracted motor carriers that had fewer than 100 trucks transported approximately 72 percent of our truckload shipments.Business (Item 1)

Railroads

depends onnamed as a risk

reduction or deterioration in rail service;Risk factors (Item 1A)

Also named by EVRG, MLM, SON

Ocean carriers

depends on

In our NVOCC ocean transportation business, we have contracts with most of the major ocean carriers, which support a variety of service and rate needs for our customers.Business (Item 1)

Other companies

Europe Surface Transportation divestiture

The sale of our Europe Surface Transportation business was announced in July 2024 and closed in February 2025.Business (Item 1)

Places

North America

concentrated in · 8,753

NAST provides transportation and logistics services across North America through a network of offices in the United States, Canada, and Mexico.Business (Item 1)

Also named by ALSN, AOS, BMI, CAG, CAT, CLS, CPB, CW and 19 more

Hazards

Automobile liability claims

total automobile limits of $135 million subject to a $10 million per incident deductiblenamed as a risk

We also carry various liability insurance policies, including automobile and general liability, with total automobile limits of $135 million subject to a $10 million per incident deductible, and total general liability limits of $87 million subject to a $500,000 per incident deductible.Risk factors (Item 1A)

Produce contamination and recalls

product recall and contamination insurance coverage of $30 millionnamed as a risk

We carry product recall and contamination insurance coverage of $30 million.Risk factors (Item 1A)

Red Sea conflict

named as a risk

wars, civil unrest, acts of terrorism, and other global conflicts, such as the current conflict in the Red Sea, which is impacting the global freight market.Risk factors (Item 1A)

Commodities and inputs

Euro

exposed to its price · approximately $14.2 millionnamed as a risk

All other things being equal, a hypothetical 10 percent weakening of the U.S. Dollar against these currencies on December 31, 2025, would have decreased our net income by approximately $14.2 million and a hypothetical 10 percent strengthening of the U.S. Dollar against these on December 31, 2025, would have increased our net income by approximately $11.6 million.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Fresh produce

exposed to its price · approximately five percent of our adjusted gross profitsnamed as a risk

The supply and price of fresh produce is affected by weather and growing conditions, including but not limited to, flood, drought, freeze, insects, disease, and other conditions over which we have no control.Risk factors (Item 1A)

Also named by SFM

Diesel fuel

exposed to its pricenamed as a risk

In our truckload transportation business, fluctuating fuel prices may result in a decreased adjusted gross profit margin.Risk factors (Item 1A)

Also named by ADM, BLDR, BTU, CAH, CHD, COST, CP, CSX and 43 more

Chinese Yuan

exposed to its pricenamed as a risk

Our primary foreign exchange risks are associated with the U.S. Dollar versus the Euro, Chinese Yuan, Singapore Dollar, Canadian Dollar, and Mexican Peso.Market risk (Item 7A)

Also named by ABT, ASO, BEN, CROX, CYRX, DORM, ESI, EXPD and 13 more

Regulators

Office of Foreign Assets Control (OFAC)

subject tonamed as a risk

issues related to non-compliance with laws, rules, and regulations in the countries in which we operate including, among others, those promulgated by the United States Office of Foreign Assets Control (“OFAC”) related to sanctions and embargoes and the United States Foreign Corrupt Practices Act related to bribery and corruption.Risk factors (Item 1A)

Also named by ABNB, ADP, AIG, APP, BMI, BMNR, BPOP, CAT and 46 more

U.S. Department of Transportation (DOT)

subject tonamed as a risk

We are subject to licensing and regulation as a property freight broker and are licensed by the DOT to arrange for the transportation of property by motor vehicle.Risk factors (Item 1A)

Also named by ACHR, AESI, ALK, BLDR, CTAS, DAL, EXPE, FDX and 19 more

Transportation Security Administration (TSA)

subject tonamed as a risk

We operate as a U.S. Department of Homeland Security certified IAC, providing air freight services, subject to commercial standards set forth by the IATA and federal regulations issued by the TSA.Risk factors (Item 1A)

Also named by ALK, BKH, CP, CSX, DAL, EXC, EXPD, FDX and 13 more

U.S. Customs and Border Protection (CBP)

subject tonamed as a risk

We provide customs brokerage services as a customs broker under a license issued by CBP, and we maintain CTPAT certification with CBP.Risk factors (Item 1A)

Also named by BALL, BJ, CROX, EXPD, FDX, FDXF, JBHT, KLAC and 12 more

Federal Maritime Commission (FMC)

subject tonamed as a risk

For purposes of our Global Forwarding services, we are also subject to regulation by the FMC as an ocean freight forwarder and NVOCC, and we maintain separate bonds and licenses for each.Risk factors (Item 1A)

Also named by EXPD, LSTR, RXO, SEB

U.S. Department of Homeland Security

subject tonamed as a risk

United States Department of Homeland Security regulations applicable to our customers that import goods into the United States and our contracted ocean carriers can impact our ability to provide and/or receive services with and from these parties.Risk factors (Item 1A)

Also named by IBP

Laws and programs

OECD Pillar Two

subject to · minimum 15 percent tax ratenamed as a risk

Given the numerous proposed tax law changes and the uncertainty regarding such proposed legislative changes, the impact of Pillar Two could adversely impact our effective tax rate, financial position, and results of operations.Risk factors (Item 1A)

Also named by APO, BAM, BAX, BF/B, COHR, CPNG, CRM, CW and 45 more

Receivables Securitization Facility

$166.7 million outstanding

There was $166.7 million outstanding, net of unamortized issuance costs, on the Receivables Securitization Facility as of December 31, 2025.Market risk (Item 7A)

U.S. tariffs on imported goods

subject tonamed as a risk

The tariffs impacted our Global Forwarding business in 2025, most significantly in the second quarter of 2025, with volatile market conditions causing global demand fluctuations and lower volumes.Risk factors (Item 1A)

Also named by AMGN, LITE, M, TEX, UNFI, VSH

Perishable Agricultural Commodities Act (PACA)

subject tonamed as a risk

We source fresh produce under a license issued by the U.S. Department of Agriculture (“USDA”) as required by Perishable Agricultural Commodities Act (“PACA”).Risk factors (Item 1A)

Also named by SFM, UNFI

Technology

Navisphere

depends on

Navisphere is essential for serving our customers and contract carriers and for managing our business.Business (Item 1)