The Federal Reserve says the U.S. economy’s recovery picked up to a “modest or moderate” pace this fall. (WSJ)
Iron ore prices have jumped 49% this year to the highest level in seven years. (WSJ)
The telemedicine arm of Chinese e-commerce giant JD.com raised $3.5 billion in Hong Kong’s largest initial public offering this year. (WSJ)
KPS Capital Partners has been cleared to buy specialty metal refiner and producer Hussey Copper. (WSJ)
FedEx is acquiring e-commerce shopping portal ShopRunner. (DC Velocity)
Brazilian miner Vale lowered its iron ore production targets for this year and 2021. (Lloyd’s List)
Alphaliner says average container ship operating margins rose to the highest level since 2010 in the third quarter. (ShippingWatch)
Logistics marketplace startup Transfix is in talks to go public through a merger with a blank-check firm, Tuscan Holdings. (Bloomberg)
An expert panel recommended that transportation workers classified as essential be in the second wave of Americans eligible for coronavirus vaccines. (Fleet Owner)
Freight forwarders say their shipments are already being bumped from aircraft in favor of vaccine shipments. (The Loadstar)
Retail Ecommerce Ventures will buy the intellectual property of Stein Mart for $6 million and relaunch the discount store as an online-only retailer. (CNBC)
ShipMonk raised $290 million in a funding round led by Summit Partners to expand its e-commerce services for small and mid-size businesses. (TechCrunch)
Tech-focused warehousing startup Stord raised $31 million in a funding round led by Peter Thiel’s Founders Fund. (Forbes)
Pharmaceutical company Eli Lilly invested heavily in robotics and automation to dramatically increase its ability to quickly process coronavirus tests. (Supply Chain Dive)
Honda Motor will start offering early retirement packages to make room for younger, more tech-savvy engineers. (Nikkei Asian Review)
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