Third-party logistics study shows 5% decline in total shipments

This latest third-party logistics report outlines a decline in shipments, invoice amount per shipment, and total revenue compared to the previous quarter. Specifically, total shipments saw a 4.7% quarter-over-quarter decrease and an 8.9% year-over-year decline. Invoice amounts per shipment and total revenue also faced significant drops, indicating that the fourth quarter was the toughest of 2023. This latest report captures the ongoing challenges and emerging positive trends within the transportation and logistics industry, highlighting the resilience and adaptability of the industry in navigating a complex market landscape.