The Fed vowed to maintain easy-money policies until the U.S. economy recovers further from the effects of the coronavirus pandemic. (WSJ)
The International Energy Agency says the world’s thirst for gasoline isn’t likely to return to pre-pandemic levels. (WSJ)
The United Auto Workers union accuses Ford of moving production from Ohio to Mexico in violation of a commitment in contract talks. (WSJ)
Chinese e-commerce company Pinduoduo’s chairman stepped down even as the company overtook Alibaba in terms of annual active buyers. (WSJ)
House Republicans dropped their ban on earmarks, giving members the power to direct federal spending on infrastructure and other projects. (WSJ)
Amazon has surpassed $25 billion in annualized gross merchandise sales at its Amazon Business industrial supply unit. (Digital Commerce 360)
Online styling service Stitch Fix is diversifying its parcel carriers after delivery delays cut into its quarterly earnings. (Supply Chain Dive)
German container line Hapag-Lloyd is acquiring Netherlands-based NileDutch, which specializes in Africa-based trade lanes. (Lloyd’s List)
Regional Taiwanese operator Wan Hai Lines is adding $1 billion in ship orders to the $500 million in orders placed earlier this year. (Maritime Executive)
Five Japanese lenders have joined the Poseidon Principles backing sustainability in maritime financing. (ShippingWatch)
The Commerce Department is moving ahead with an anti-dumping duty on Chinese-built marine chassis. (Journal of Commerce)
Quad-C Management is selling freight forwarder AIT Worldwide Logistics to private-equity group The Jordan Company in a deal valued at $1.2 billion. (DC Velocity)
Vermont Rail System wants federal regulators to reject CSX’s proposed acquisition of New England regional freight carrier Pan Am Railways. (Trains)
A worker at a supermarket distribution center in Oconomowoc, Wis., shot and killed two co-workers. (WISN)
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