Topic: 3PL

The report, entitled “JLL’s U.S. IND Market Dynamics Q3,” stated that third-quarter leasing volume reached 146.2 million square feet (MSF), marking the highest level of leasing activity since the first quarter of 2024 (and 387.1 MSF year-to-date).

At CSCMP EDGE, Uber Freight’s Steve Barber shared how the company is applying AI to reshape pricing, operations, and customer engagement—without losing the human touch.

Quarterly consolidated revenue, at $21.4 billion, fell 3.7% annually, and basic earnings per share, at $1.74 (topped Wall Street estimates of $1.29), fell $0.24, or 13.4%, annually. Total operating profit, at $1.8 billion, was off 9.1% annually. 

With a 9.9-cent increase, the national average price per gallon came in at $3.718 per gallon.

A key thesis in the report was focused on how the pairing of strong leasing and a decline in new construction held the overall quarterly vacancy rate at 6.6%, which the firm said reversed a stretch of quarterly losses that had been intact going back to the second quarter of 2022.

Load posts on DAT One rose 2% to 2.26 million last week, while truck posts fell for the second consecutive week, down 5% to 232,703.

At CSCMP EDGE, supply chain leaders from Penske Logistics, NTT Data, and Snowflake shared what it really takes to move artificial intelligence from pilot to performance

Total September volume, at 1,550,599 units, rose 2.4% annually, ahead of the 1.6% annual gain seen in August and below July’s 4.4% annual gain, which saw higher volumes due to the pulling-forward of goods being imported during the previous pause on the White House’s reciprocal tariffs.

Rail carloads, at 224,244, eked out a 0.3% annual increase, and intermodal containers and trailers, at 273,610 units, fell 4.8% annually.

Any signs of progress being made on the trade front between the United States and its second-largest trade partner, Canada, appear to be squelched, based on a social media post issued by President Trump last night.

LM Group News Editor Jeff Berman recently interviewed Chris Butler, CEO, at Cranford, N.J.-based National Tree Company. Butler provided Berman with an overview of how National Tree is handling tariff policy, supply chain uncertainty, seasonal issues, and sourcing, among other topics.

Prior to the White House’s proclamation being issued, Dan Moyer, senior analyst, commercial vehicles, at freight transportation consultancy FTR, said that this development had rattled fleets, OEMs, and suppliers coping with weak demand, rising costs, and fragile supply chains.

Following a series of less-than-truckload-related acquisitions made in recent years by its parent company Knight-Swift Transportation—a July 2021 acquisition of AAA Cooper Transportation (ACT) and its affiliated entity AAA Cooper for $1.35 billion, a December 2021 acquisition of RAC MME Holdings LLC, which is better known in trucking circles as MME (with the brand names Midwest Motor Express Inc. (MME) and also Midnite Express Inc.), for $150 million and a July 2024 acquisition of Dependable Highway Express (DHE) for $185 million—effective January 1, 2026, both MME...

For August, the most recent month for which data is available, the TCI reading, at 0.3, marked an improvement over July’s -1.03, with FTR calling August’s reading “neutral.” The July TCI reading fared better than June’s -1,83, the lowest in 2025.

Following respective 1.1% and 0.9% gains in July and August, ATA reported that its September advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index saw a 0.9% decline, coming in at 114.2 (2015=100).

With the federal government shutdown now into its third week—and no clear indication of how long it could last—its impact on supply chains appears to somewhat still be coming into focus, noted various industry observers.

UPS said that it is installing air conditioning in 5,000 of its existing delivery vehicles in the hottest regions across the country and also testing air conditioning in the cargo area of its package cars.

Falling 4.5 cents, the national average, for the week of October 20, came in at $3.620, following a 4.6-cent decline, to $3.665, for the week of October 13, and a 4.3-cent decrease, to $3.711, for the week of October 6, for a collective 13.4-cent decline over the last three weeks.

The Port of Los Angeles reported that total volume, at 883,053 Twenty-Foot Equivalent Units (TEU), fell 7.5% annually, and the Port of Long Beach reported that total September volume, at 797,537 TEU, was off 3.9% annually.

The firm reported that September imports, at 2.72 million TEU (Twenty-Foot Equivalent Units), fell 5.8% annually, down from August’s 2.9 million TEU July’s 3.01 million TEU (which topped the 3 million TEU mark for the first time and came on the heels of a June decline, coupled with importers looking to optimize sourcing following the White House’s reciprocal tariffs related to the International Emergency Economic Powers Act on most U.S. trading partners, which went into effect on August 7).