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FINWIRES

C.H. Robinson Shares Decline After Supreme Court Allows Negligence Suit

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C.H. Robinson Worldwide (CHRW) shares, along with other freight brokers, were down around midday Thursday following the US Supreme Court decision on a negligence lawsuit against the company.

The court reversed a Court of Appeals decision and the case, which accuses C.H. Robinson of liability for a vehicular accident that involved a trucking company it had hired, was remanded for further proceedings, according to a court order Thursday.

Shares of C.H. Robinson were down 2.5%, RXO (RXO) stock fell past 5%, and Landstar System (LSTR) shares were nearly 2% lower in Thursday trading.

Price: $159.20, Change: $-4.07, Percent Change: -2.49%

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