Amazon .com Inc. gave a forecast for holiday sales that fell short of analysts’ estimates, signaling the pandemic’s boost to online shopping continues to fade.
October 28, 2021Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Amazon’s Holiday-Quarter Sales Forecast Suggests Pandemic Boom Is Over
Biden Port Envoy Vows Alliance Will Help Break California Logjam
President Joe Biden’s point-person for clearing the supply chain bottleneck in southern California hailed a new agreement that will fast-track multiple logistics projects in the Golden State.
Forward Air Reports Rise in Q3 Net Income
Forward Air Corp. saw revenue and net income growth during the third quarter of 2021, the company reported Oct. 27.
Norfolk Southern Reports Record Q3 Results
Atlanta-based Class I railroad Norfolk Southern reported record third-quarter results on Oct. 27, exceeding Wall Street’s expectations, even as railroad officials said freight growth is being hampered by supply chain disruptions at seaports, intermodal facilities and in trucking.
Schneider Reports 147% Jump in Earnings for Q3
Schneider National saw third-quarter earnings surge 147% from last year, using its “scaled and diversified platform” to deliver solutions, the carrier reported Oct. 28.
Echo Global Logistics Reports Income, Profit Gains
Echo Global Logistics reported gains in both income and profit for the third quarter as it took advantage of strong freight demand and tight supply.
October 27, 2021Old Dominion Posts Record Quarterly Profits, Revenue
Old Dominion Freight Line posted large third-quarter increases in profits and revenue as it took advantage of tight freight capacity and focused on transitioning to more profitable accounts.
C.H. Robinson Posts Large Q3 Profit, Revenue Gains
C.H. Robinson Worldwide posted third-quarter gains in profit and revenue as it benefited from tight freight capacity.
GM to Install 40,000 Public EV Chargers
General Motors Co. will use its dealership network to deploy up to 40,000 electric vehicle chargers across the U.S. and Canada, as the veteran automaker ramps up its shift to plug-in models.
Maine Turnpike Authority Increases Toll Rates
In an effort to avert a large shortfall due to the COVID-19 pandemic, trucks and cars traveling the Maine Turnpike will pay a little bit more in tolls.