Topic: 3PL

Greenwich, Conn.-based global contract logistics services provider GXO Logistics Inc. reported a company record for quarterly revenue, in its third quarter earnings announcement earlier this week. Revenue, at $3.4 billion, saw an 8% annual gain, with organic revenue up 4%, and net income, at $60 million, rose 42% annually. Adjusted earnings per share, at $0.79, was flat, topping Wall Street expectations, at $0.77.

For 2025, NRF said it is calling for total holiday season spending to come increase between 3.7%-to-4.2% annually, coming in between $1.01 trillion-to-$1.02 trillion. In 2024, holiday sales saw a 4.3% annual gain, to $976.1 billion.

FTR reported that preliminary October Class 8 truck net orders, at 24,300 units, saw an 18% gain, from September to October, while falling 22% annually. ACT reported that Preliminary Class 8 orders came in at 24,500 units in October, for a 21% annual decline,

The October Services PMI, at 52.4 (a reading over 50.0 or above represents expansion and below 50 indicates contraction), increased 2.4% over September's 50.0 reading, which was preceded by expansion in 13 of the previous 14 months before September.

A new Truckstop.com and Bloomberg survey shows small fleets and owner-operators expect demand to hold steady or improve through early 2026.

The national average rose 3.5 cents, coming in at $3.753 per gallon, for the week of November 3.

Louisville officials say the crash is the worst air disaster in the city in decades

Industry consultant says these tariffs will create winners and losers in today’s trucking industry.

The report’s benchmark reading, the PMI, at 48.7 (a reading of 50 or higher indicates growth), was off 0.4% compared to September, contracting, at a faster rate, for the eighth consecutive month, with the overall economy growing, at a slower rate, for the 66th consecutive month.

With expedited review underway, businesses brace for possible refunds, new trade measures, and prolonged market volatility.

UPS said in April this is part of its ongoing plan to become the top global player in healthcare logistics.

Given the myriad of challenges facing the LTL market, it is likely that current market conditions are likely to remain intact, barring a true indication of a demand catalyst.

As part of the plan, DHL will move its Manhattan service center to a new 92,505-square-foot site in Jersey City, New Jersey, by the end of November 2025. The new building is about five miles from Lower Manhattan and is designed to make deliveries smoother, safer, and more efficient.

The live event in Nashville, Tenn., featured 60-plus leaders, and also honored several companies with awards for supply chain excellence.

For August, the most recent month for which data is available, the SCI came in at 1.3, following a -2.0 reading in July.

Rail carloads, at 226,748, fell 0.9% annually, and intermodal containers and trailers, at 272,940 units, were off 6.1% annually.

The United States and China appear to have found at least some common ground on a few different issues, during this week’s meeting between President Donald Trump and President of the People’s Republic of China Xi Jinping, at the APEC meeting in South Korea.

In this podcast, LM Group News Editor Jeff Berman interviewed Susan Spence, Chair of the Institute for Supply Management's (ISM) Manufacturing Business Survey Committee.

The Federal Reserve said yesterday that it lowered the target rate, for the federal funds rate, which comes from its Federal Open Market Committee (FOMC) for the second consecutive month, dropping it by 0.25%, to 3.75%-to-4.0%, its lowest rate level since 2022.

DHL Global Forwarding, a subsidiary of global logistics and express delivery provider Deutsche Post DHL focused on air and ocean freight, announced it has rolled out a new consolidated clearance service, which it said is geared towards U.S. imports to support retailers as they deal with trade shifts and tariff complexity.