C.H. Robinson Worldwide is the latest Fortune 500 company to see signs of a slowing economy.
On Wednesday, the Minnesota-based logistics giant reported a 4% drop in its overall revenue, driven largely by lower pricing for air and ocean transportation.
Its earnings-per-share (EPS) of $1.78 was significantly below the consensus Wall Street estimate of $2.15, sending the company's stock down 5.3% in mid-morning trading.
