C.H. Robinson $700 million judgment finalized; diesel prices rise
CHRW C.H. Robinson Worldwide Inc
$140.57 +1.24%
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- 1A Dallas County judge finalized $603 million in punitive damages for C.H. Robinson and added approximately $100 million in unpaid interest.
- 2The total judgment amount of $700 million for C.H. Robinson increases daily at a rate exceeding 6% of the total judgment amount.
- 3The U.S. Department of Energy reported that the diesel price benchmark rose 9.7 cents this week to $6.276 per gallon.
So what's the key point?
A ruling has been finalized that C.H. Robinson must pay $700 million. This amount increases by 6 percent every day, creating a large burden for the company.
Source FreightWaves · View original ↗
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