10 Best TaaS Stocks to Invest in According to Hedge Funds

7) C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Number of Hedge Fund Holders: 30

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) offers freight transportation services. While operating under an asset-light business model, it does not own transportation equipment. However, it leverages a vast network of carriers and advanced technology to manage freight transportation for its clients.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) continues to invest in new digital platforms, which should result in enhanced capacity. These technological advancements are expected to improve the average gross profit in the core North American Surface Transportation (NAST) business. The rollout of new operating plans should have a positive impact on C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)’s execution and performance.

These digital platforms are expected to optimize the process of matching shippers with carriers, resulting in cost reduction and improvement in service quality. The investments into advanced analytics and machine learning capabilities should provide C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) with better visibility into market trends, enabling more strategic decision-making and pricing optimization.

As more shippers and carriers adopt C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)’s digital platforms, it is expected to benefit from network effects, making the services more valuable and creating barriers to entry for competitors.

The company is also focused on reducing costs and has implemented a new lean operating approach. Wall Street analysts believe that cost savings are expected to be reinvested in technology and strategic initiatives, resulting in new revenue streams or further efficiencies. A more efficient cost structure can allow C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) to be more competitive in pricing while maintaining profitability.