Asset-light less-than-truckload provider Forward Air sees tonnage fall off sharply in November.
Descartes said demand for supply chain visibility tools remains strong amid uncertainty in the broader economy.
Less-than-truckload tonnage declined at an accelerated pace through November.
The deceleration in less-than-truckload tonnage during the fourth quarter is worse than analysts expected.
Less-than-truckload demand has taken another step lower, according to carriers attending the Stephens investor conference.
Radiant Logistics said Wednesday it needed more time to complete a restatement of financials and submit results to the SEC.
Flatbed hauler Daseke said its trucks remain “booked solid” and that it will look to use cost and efficiency initiatives to improve results again in 2023.
The $3.3 billion acquisition of Meritor Inc. took a bite out of Cummins’ Q3 earnings as did underperforming joint ventures in China.
Nikola Corp. is laying off 7% of its workforce and slowing electric production because making more increases the loss.
Logistics real estate operator Link Logistics said “broad-based demand” further narrowed vacancy rates and produced record lease spreads in the third quarter.
