C.H. Robinson Worldwide (CHRW) concentration risks

The company's only disclosed concentration is customer-based, with the top 100 customers comprising approximately 40% of consolidated total revenues — a medium-share dependency by disclosed size. The filing's language — "top 100 customers" representing a moderate portion of revenues — implies the remainder of the book is spread across a wide universe of smaller shippers, which is consistent with the company's position as a large-scale third-party logistics broker operating across thousands of relationships. The medium-share size band signals that while the top-100 cohort is meaningful in aggregate, no single customer or small cluster dominates to the degree that would create acute single-name risk. That said, because the exposure is dependency-type rather than structural, the revenue tied to this customer tier could shift if a significant shipper renegotiates rates, brings logistics in-house, or moves spend to a competing broker. The character of the exposure is idiosyncratic to each individual relationship rather than tied to a durable structural feature of the market. There is no disclosed geographic, supplier, or product concentration layered on top. On balance, the concentration profile is relatively contained for a logistics intermediary of this scale: a moderate share of revenues tied to the largest customers, a broadly diversified long tail, and no disclosed single-name dependencies that would be individually material. The exposure is well-disclosed and consistent with industry norms for a high-volume freight brokerage platform.

For the engine’s reasoning on CHRW’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.