C.H. Robinson Worldwide Acquires Phoenix International

C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW), today announced that it has finalized its acquisition of Phoenix International, Inc. for $571.5 million in cash and approximately $63.5 million in newly-issued C.H. Robinson common stock.

Founded in 1905, C.H. Robinson is a global provider of multimodal transportation services and logistics solutions, serving over 37,000 customers through a network of 234 offices in North America, Europe, Asia, South America, and Australia. C.H. Robinson is one of the largest third-party logistics companies in the world, with annual total revenues of over $10 billion. For more information about our company, visit our Web site at www.chrobinson.com.

Copyright Business Wire 2010

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