Empresas y finanzas

C.H. Robinson Acquires India-Based Freight Forwarder



    C.H. Robinson Worldwide, Inc. ("C.H. Robinson") (Nasdaq:CHRW)
    announced today that it has acquired certain assets of Triune Freight
    Private Ltd. and Triune Logistics Private Ltd., collectively
    ("Triune"), a third party logistics provider based in India. Triune
    has approximately 160 employees in 19 offices throughout India, and
    has annual gross revenues of approximately $11 million.

    Triune has more than 600 customers and provides primarily air and
    ocean international forwarding along with customs clearance services.
    They also have a projects division focused on highly specialized
    movements and solutions. Like C.H. Robinson, Triune is non-asset
    based. Headquartered in Chennai, Triune was founded in 1999 and is
    privately held; terms of the acquisition were not disclosed.

    "Further expansion of our international freight forwarding network
    is one of our core growth strategies, and Triune is an excellent
    introduction for us into one of the world's fastest-growing
    economies," said Jeff Scovill, C.H. Robinson vice president of
    international. "They are a great company with a driven,
    service-oriented team of people and a well-balanced mix of forwarding
    services and customers. With Triune on board we can offer full
    coverage from northern to southern India, and we have a key platform
    to develop the C.H. Robinson network further into Southeast Asia."

    In addition to acquiring selected assets of Triune, C.H. Robinson
    has offered employment to all of its existing employees. T.J.
    Srinivasaraj, 36, the managing director of Triune, will continue with
    the company as C.H. Robinson's director of Indian subcontinent.

    "We are very excited to be joining C.H. Robinson and its
    international freight forwarding network," said Srinivasaraj. "The
    transportation market in India is growing very quickly, and C.H.
    Robinson's global network of owned offices and financial strength will
    enable us to provide our customers with tailor-made global solutions
    through our expanded capabilities. The company cultures are very
    similar and we are happy to be joining hands as together we expand our
    presence in the international forwarding marketplace."

    Founded in 1905, C.H. Robinson Worldwide, Inc., is one of the
    largest non-asset based third party logistics companies in the world,
    with 2005 gross revenues of $5.7 billion. C.H. Robinson is a global
    provider of multimodal transportation services and logistics
    solutions, currently serving over 20,500 customers through a network
    of over 210 offices in North America, South America, Europe, and Asia.
    C.H. Robinson maintains one of the largest networks of motor carrier
    capacity in North America and works with approximately 40,000 carriers
    worldwide.

    Except for the historical information contained herein, the
    matters set forth in this release are forward-looking statements that
    represent our expectations, beliefs, intentions or strategies
    concerning future events. These forward-looking statements are subject
    to certain risks and uncertainties that could cause actual results to
    differ materially from our historical experience or our present
    expectations, including, but not limited to such factors as market
    demand and pressures on the pricing for our services; competition and
    growth rates within the third-party logistics industry; freight levels
    and availability of truck capacity or alternative means of
    transporting freight, and changes in relationships with existing
    truck, rail, ocean and air carriers; changes in our customer base due
    to possible consolidation among our customers; our ability to
    integrate the operations of acquired companies with our historic
    operations successfully; risks associated with litigation and
    insurance coverage; risks associated with operations outside of the
    U.S.; risks associated with the produce industry, including food
    safety and contamination issues; changing economic conditions such as
    general economic slowdown, decreased consumer confidence, fuel
    shortages and the impact of war on the economy; and other risks and
    uncertainties detailed in our Annual and Quarterly Reports.