C.H. Robinson announced that it has made the strategic decision to sell its European Surface Transportation business, or EST, to sennder Technologies, a digital road freight forwarder in Europe. Through this transaction, the EST operations of C.H. Robinson will become part of sennder. EST has been a subsidiary of C.H. Robinson since 1994 and provides transportation and logistics services, including truckload and LTL transportation services, across Europe. The closing of the transaction is subject to certain customary conditions and regulatory approvals and is expected to close in the fourth quarter of 2024. C.H. Robinson will not have further comments until its second quarter 2024 earnings conference call that is scheduled for Wednesday, July 31. Terms of the transaction are not disclosed.
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