Logistics

Werner Enterprises achieved record third-quarter earnings per share despite supply chain and labor woes, the company reported Oct. 28.

Lineage Logistics announced the opening of its fully automated facility located adjacent to the Port of Virginia’s Virginia International Gateway in Portsmouth, which offers an integrated network of highways, air, rail and sea services.

Amazon .com Inc. owns a 20% stake in electric vehicle maker Rivian Automotive Inc., the startup with which it has placed an order for 100,000 battery-powered delivery vans, the e-commerce giant disclosed Oct. 29 in a securities filing.

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.

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 Corp. saw revenue and net income growth during the third quarter of 2021, the company reported Oct. 27.

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 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 reported gains in both income and profit for the third quarter as it took advantage of strong freight demand and tight supply.

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.