As most of our shareholders know, consistent with our long–term approach we do not give short–term guidance. Since becoming a publicly traded company in 1997, our stated long–term annual growth goal has been 15 percent for gross profits, income from operations, and earnings per share. We plan to attain our long–term growth targets by continuing to open new offices and hire people, regardless of the economic environment. We do adjust our rate of hiring, based upon productivity metrics and growth rates, but we think it is as good a time as any to continue to invest in our network and our people. We plan to open five to ten new offices in 2008 and we will continue to look to use our capital to make the right kind of acquisitions to add new people, new expertise, new services, and new geographies to the team. We will continue to focus on executing our long–term growth strategy of growing our share of the North American truck market, adding new non–asset based services, building our European transportation network and growing our international freight forwarding business.

…And powered by the people of Robinson

     As we illustrate in this report, ener-gized people and teams are the force behind C.H. Robinson’s success. We feel very good about the strength of our company, our service offerings, our position in the marketplace, and our tremendous future growth opportunity. Our results in 2007 highlighted the momentum we have built over many years by providing our customers and contract carriers with what we believe is the best service in the industry. Yet even with our successes, we still have to work hard daily, load by load, to earn and keep our customers’ and carriers’ business. Based on the caliber and commitment of our people, we are as confident and excited as ever about the future.

Thank you for your support,

John P. Wiehoff
Chief Executive Officer
and Chairman of the Board