LotR doesn't say directly how Radagast got the information -- it doesn't say anything specific about the source of the information. But whatWhat do we know from LotR that might bear on itthe question of the source of the information?
FirstThanks to @Harry Johnson in the comments, it seems likely that Saruman discovered that the information might have come from from eitherRiders were abroad. As Gandalf narrates later
Radagast or:
"I have been told that wherever they go the Riders ask for news of a land called Shire."
Gandalf:
' "The Shire," I said; but my heart sank. For even the Wise might fear to withstand the Nine, when they are gathered together under their fell chieftain. A great king and sorcerer he was of old, and now he wields a deadly fear. "Who told you, and who sent you? " I asked.
Radagast:
' "Saruman the White," answered Radagast. "And he told me to say that if you feel the need, he will help; but you must seek his aid at once, or it will be too late."
This seems clear, but is still unsatisfactory, because it leaves the puzzle of how Saruman had Radagast to use as a messenger, since everything we know points to Radagast as being pretty uninvolved and certainly not living at Isengard. There's no question I do not find it credible that Saruman knew how to find Radagast and sent for him -- an orc, maybe? -- to use as a messenger. If he had a messenger to send for Radagast on his errand, he has a messenger to findsend to Gandalf, but -- and time was of the essence.
The best explanation for that is that doesn't meanRadagast found some trace of the Riders that he'sworried him enough to consult Saurman who either had discovered it independently or, alerted by Radagast, discovered the original sourcetrue nature of the informationRiders and, with Radagast on hand, sent him to warn Gandalf.
(Note that he rode a horse, not some %$& rabbits!
I came upon a traveller sitting on a bank beside the road with his grazing horse beside him. It was Radagast the Brown
end of digression.)
Could Radagast have discovered the Riders? Gandalf says:
Radagast is, of course, a worthy Wizard, a master of shapes and changes of hue; and he has much lore of herbs and beasts, and birds are especially his friends.
Especially given how often in Tolkien's works people (good or bad) use birds for spies, Radagast may well have been keeping an eye on things using birds. When through them hethey spotted the Black Riders, even if he didn't know what they were other than that they were evil, his natural impulse would be to go to Saruman for advice.
Or perhapsHow could Saruman spotted the Black Riders himself -- perhapshave discovered them? Perhaps using the Crebain he seemed to control.
Regardless, there's no question Saruman sent Radagast on his errand to find Gandalf, but that doesn't mean that he's the original source of the information.