Authorities in Australia, Singapore and several Latin American countries grounded the Boeing Co. 737 MAX 8, idling about 40% of the global fleet since a fatal crash in Ethiopia. (WSJ)
U.S. consumer spending rose 0.2% in January in a modest recovery to start the year. (WSJ)
The U.K. economy grew 0.5% in January, reversing a December decline. (WSJ)
The Trump administration proposed sharp cuts in discretionary spending at the Department of Transportation while offering grants to lure private infrastructure investment. (WSJ)
Tesla Inc. will keep some of its stores open in a shift of its strategy to sell its cars online only. (WSJ)
The United Nations says North Korea has used ship-to-ship transfers to step up petroleum imports and coal exports in violation of sanctions. (WSJ)
Retailer Modell’s Sporting Goods has hired a restructuring adviser as it faces sagging sales and competition from big-box stores and online retailers. (WSJ)
Food supplier CTI Foods LLC entered chapter 11 bankruptcy with plans for a quick exit that would turn its top lenders into owners. (WSJ)
Barrick Gold Corp. and Newmont Mining Corp. agreed to combine their Nevada operations, canceling Barrick’s nearly $18 billion buyout bid. (WSJ)
Nvidia Corp. will acquire Mellanox Technologies Ltd. in a $6.9 billion deal aimed at the market for chips used in cloud computing. (WSJ)
Malaysia’s palm oil inventory rose in February in a new sign of a supply glut. (Nikkei Asian Review)
XPO Logistics Inc. fired Chief Operating Officer Kenneth Wagers because the company is no longer looking for significant acquisitions. (MarketWatch)
Oil producer BP PLC will sell new 0.5% sulfur marine fuel to meet emissions limits taking effect next year. (Platts)
Container shipping rates from Asia to the U.S. West Coast have fallen 48% since November. (The Loadstar)
Blackstone Infrastructure Partners took a minority stake in Carrix Inc., parent of marine terminal operator SSA Marine. (Lloyd’s List)
The Port of Virginia completed the first phase of a $700 million project to expand capacity at the Norfolk International Terminals by 46%. (Port Technology)
Net earnings at ship broker Clarksons PLC fell 4.9% to $32.7 million last year. (TradeWinds)
BNSF Railway is building a railcar logistics center near Denver. (Progressive Railroading)
Private-equity firm TPA Capital bought U.K. transport equipment provider Pallet-Track. (Logistics Manager)
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