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ITS Logistics

Across thousands of retailers holiday spending outlook is cautious

A shopper in the seasonal aisle of a Target store on Black Friday

November 6, 2023
Lori Ann LaRocco

The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Robinson, DHL Global Forwarding Americas, SEKO Logistics, Kuehne + Nagel, OL USA and ITS Logistics.

The current situation is a result of aggressive Fed policy to raise interest rates which has hit the housing market especially hard, dampening new home purchases, said Paul Brashier, vice president of drayage and intermodal at ITS Logistics.

Discounts on popular items are being limited by the costs retailers are absorbing.

Read the full article here.

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