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