Connor D. Wolf

C.H. Robinson Worldwide has developed artificial intelligence that automates every step along a freight shipment life cycle that uses email, the company announced Oct. 31.

Acquisition of Omni Logistics Contributes to Higher Costs Forward's total operating revenue soared 92.4% to $655.9 million from $341 million. (Forward Air via Facebook)

Automation, AI Boost Operational Efficiency, CEO Says A robot assists a GXO distribution center worker. (GXO Logistics Inc.)

The results missed expectations from investment analysts on Wall Street, who had been looking for EPS of 23 cents per share and quarterly revenue of $1.33 billion, according to Zacks Consensus Estimate.

Preliminary data showed orders declined 5.2% to 30,600 units, marking the fifth month in 2024 where orders fell on an annual basis. Orders have risen on an annual basis an equal number of months this year. For October, orders fell 17.5% sequentially

RXO posted an increase in third-quarter revenue despite a persistently soft market environment by focusing on its customer relationships, the company reported Nov. 7, even as its bottom-line result worsened.

U.S. Class 8 retail sales continued the pattern of trending below the year-ago period in October, according to data from Wards Intelligence.

The trucking industry continued to bounce along the bottom of the freight cycle with third-quarter earnings being generally weak, according to analysts.

The trucking industry saw very early indications that driver demand picked up during the third quarter, while remaining affected by market conditions.

Two of the largest for-hire carriers in the United States are making operational and financial preparations for an anticipated upturn in the freight market after months of weak demand, executives said at a recent industry event.