Today's newsletter was written by WSJ Logistics Report's Jennifer Smith.

The race for urban U.S. warehouse space is going vertical. Developers hoping to capitalize on the push for faster e-commerce delivery are building multi-story warehouses with features aimed at maximizing capacity in tight urban footprints, the WSJ’s Esther Fung and Keiko Morris report. Such structures are already common in parts of Asia and Europe. Now developers are betting U.S. tenants who typically opt for low-slung warehouses in cheaper locations may pay more for three-and-four story facilities in places like Brooklyn with ready access to major population centers. The boom is driven by growing demand for next-day and same-day delivery, and could help retail and logistics tenants shave transportation expenses or provide features like truck parking that are hard to come by in cities. Still, such projects cost more, are typically done on spec, and could leave developers exposed if tenant needs change. 

Investors are pouring money into technology that promises to streamline port trucking. Developer NEXT Trucking Inc. has raised $97 million in new funding for its freight-matching app connecting truckers at the ports of Los Angeles and Long Beach with shippers, the WSJ Logistics Report’s Erica E. Phillips writes. The technology aims to provide greater visibility for cargo movements at the nation’s busiest port complex, where boxes are stacking up after a surge of pre-tariff imports and congestion has led to disputes over detention fees and other charges. NEXT says its platform can speed up an at-times cumbersome process to help truckers haul more containers. The company is one of a handful targeting the port-trucking market and plans to expand its technology for use at other marine gateways.

Your next iPhone could be made in India. Apple Inc. contract manufacturer Foxconn Technology Group is considering producing the smartphones there, a strategy that could shift component supply chains and help Apple crack the 1.3 billion-consumer Indian market, the WSJ reports. Most iPhones are made in China, a business model that coupled with reliance on Chinese sales has left Apple exposed to deepening U.S.-China trade tensions. Shifting production to India could reduce those risks, and more tech companies are exploring the possibility as difficulties in the China market grow. Foxconn is considering producing pricier iPhones in India in addition to work it does there for companies such as Chinese smartphone maker Xiaomi Corp. The move could boost a bigger goal in India to develop a deeper domestic smartphone supply chain.

Shockwaves from disappointing iPhone sales are roiling Asian components suppliers. Japan Display Inc. is the latest example, the WSJ’s Takashi Mochizuki reports, as the troubled panel provider seeks a bailout from investors in China and Taiwan. More than half the company’s revenue in the year ended March 2018 came from Apple. But sales of the XR iPhones that use the company’s liquid-crystal display have been disappointing, and Apple is likely to drop LCD displays starting in 2020. Tokyo is growing tired of propping up the company after several cash injections, and Japan Display’s experience in mass production could make it attractive for Asian buyers despite commodification of the LCD market. Potential investor TPK Holdings Co. of Taiwan, which makes the touch-panel portion of displays for several smartphones, is interested in using Japan Display’s technology to build factories in China, for example. 

U.S. home sales fell sharply in December to their weakest level in more than three years. (WSJ)

The partial government shutdown has curtailed safety inspections of imported products at ports of entry. (WSJ) 

Authorities temporarily halted arrivals into Newark Liberty International Airport after a drone was spotted near another New Jersey airport. (WSJ)

A report by two U.S. business groups calls for reforms to help open Chinese markets for foreign companies. (WSJ)

International Business Machines Corp.’s revenue fell 3.5%. (WSJ)

Subaru Corp. temporarily shut two Japanese factories over power steering problems. (WSJ)

Renault SA plans to name a successor to jailed Chairman and Chief Executive Carlos Ghosn this week. (WSJ)

Analysts are questioning whether J.C. Penney Co. can survive as sales fall and turnaround plans shift. (WSJ)

Agricultural firm Bunge Ltd. named a new acting chief executive and warned of lower-than-anticipated profits. (WSJ)

Metals manufacturer Arconic Inc. won’t pursue a sale to private-equity firm Apollo Global Management LLC. (WSJ)

Activist investors are pressing eBay Inc. to spin off its ticketing and classified-ads businesses. (WSJ)

Amazon.com Inc. is launching a fulfillment and delivery network in Brazil after months of delays. (Reuters)

Ship broker Braemer ACM says CMA CGM SA has ordered 10 container ships with a capacity of more than 15,000 20-foot equivalent units apiece. (Shipping Watch)

Fourteen crew members died in an explosion involving two tankers in the Kerch Strait near Crimea. (United Press International)

The Port of Hamburg’s largest terminal operator expanded its rail terminal, more than quadrupling capacity. (Port Technology)

Amazon is ramping up its ocean shipping service between China and the U.S. (USA Today)

Environmental regulators are pushing back on a plan to expand dredging at North Carolina’s Port of Wilmington. (BizJournals)

A new ruling upholds Canadian courts’ right to set damages in a dispute between Canadian National Railway Co. and a grain shipping company customer. (The Canadian Press)

JD.com is testing drone delivery in Indonesia. (TechCrunch)

Automakers are eyeing the use of returnable packaging over long-distance supply chain routes. (Automotive Logistics)

United Parcel Service Inc. and smart-lock firm Latchable Inc. are expanding their apartment-building delivery access pilot to 10 additional cities. (CNet)

Food-delivery startup Munchery is shutting down. (Food Logistics)

Residents are fighting a planned Saia Inc. trucking terminal in Memphis, Tenn. (WMC5)

Trucker U.S. Xpress Inc. is exiting its U.S.-Mexico cross-border investment. (Heavy Duty Trucking)

The American Trucking Associations' truck tonnage index fell 4.3% in December. (Times Free Press)

A Nevada developer is building a $28 million warehouse project near the planned Las Vegas Raiders football stadium. (Las Vegas Review-Journal)

Paul Page is editor of WSJ Logistics Report. Write to him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @jensmithWSJ, @EEPhillips_WSJ, @CostasParis. Follow the WSJ Logistics Report on Twitter at @WSJLogistics.