Prices of iron ore have hit four-month lows as Chinese steel mills try to cut costs in a saturated market. (WSJ)
Plunging oil prices could force U.S. shale drillers to pull back on production. (WSJ)
U.S. food regulators are closing in on the source of the E. coli outbreak that has shut down the romaine lettuce market. (WSJ)
United Technologies Corp. is splitting itself into three independent companies, breaking up one of the last U.S. industrial conglomerates. (WSJ)
Russia’s seizure of three naval Ukrainian ships is slowing passage through the Kerch Strait. (WSJ)
Former Nissan head Carlos Ghosn was ousted as chairman of Nissan partner Mitsubishi Motors Corp. . (WSJ)
Fiat Chrysler Automobiles NV is looking to sell its robotics business for between $1.7 billion and $2.3 billion. (Bloomberg)
Malaysia wants to cut fuel imports by upping biodiesel usage in its transport and industrial sectors. (Nikkei Asian Review)
Russia will offer premiums for production of low-sulfur bunker fuel. (Ship & Bunker)
Taiwan’s seaports will enforce the use of low-sulfur fuel starting this January. (Seatrade Maritime)
Diana Shipping Inc. swung to a $13.3 million profit in the third quarter. (Lloyd’s List)
Ceva Logistics is acquiring the ocean freight forwarding unit of shipping line CMA CGM SA, Ceva’s majority shareholder. (The Loadstar)
The European Union may join Japan’s World Trade Organization complaint against Korean shipbuilders. (Splash 247)
Amazon.com Inc. is closing its London restaurant delivery service. (Evening Standard)
The Freight Transport association warns Brexit will make it harder to hire U.K. truck drivers. (Motor Transport).
Toyota Motor Corp. opened its largest Australian parts warehouse outside Sydney. (Automotive Logistics)
Driver wages could rise up to 11.5% in 2018, says the National Transportation Institute. (Commercial Carrier Journal)
|