About 900,000 U.S. workers filed initial claims for unemployment benefits last week. (WSJ)
Union Pacific expects overall volumes to grow 4% to 6% this year, with gains across most of its markets. (Dow Jones Newswires)
CSX’s fourth-quarter operating earnings rose 5% to $1.22 billion as a 7% cut in costs outpaced a 2% decline in freight rail revenue. (Dow Jones Newswires)
President Biden directed federal regulators to require employers to develop coronavirus protocols and enforce compliance. (WSJ)
Instacart is cutting about 1,900 jobs, including 10 workers who recently formed a union. (WSJ)
Chip giant Intel’s annual revenue jumped 8.2% to $77.9 billion even as profits slipped. (WSJ)
South Korea’s LG Electronics is rethinking its commitment to smartphones as Chinese suppliers grow more dominant. (WSJ)
British shoppers buying goods from European websites are facing post-Brexit demands of more than $135 in import duties. (The Guardian)
About 1,400 produce handlers and delivery drivers at New York’s Hunts Point Produce Market are on strike after contract talks with ownership broke down. (WSJ)
Asia’s surging demand for rice and regional logistics bottlenecks are driving up prices for the key foodstuff in Africa. (Reuters)
Ohio suspended use of one coronavirus vaccine distributor after hundreds of doses in its care were spoiled. (Cleveland Plain Dealer)
Airbus is increasing production of single-aisle passenger jets more slowly than expected. (Financial Times)
Chinese electric vehicle maker BYD raised $3.85 billion in a stock sale. (Nikkei Asian Review)
Manufacturer Bassett Furniture Industries says tight shipping capacity is delaying its deliveries of sold merchandise. (Dow Jones Newswires)
The South American subsidiary of Navios Maritime Holdings is signaling a new share offering in New York. (Lloyd’s List)
Rio Tinto’s new chief executive expects to begin shipping more iron ore to China. (TradeWinds)
Truckload carrier U.S. Xpress is projecting slow growth early this year followed by a steadier recovery in the second half of the year. (DC Velocity)
Food-delivery firms are adding fees to cover higher costs they say arise from California’s stricter rules on independent contractors. (Restaurant Dive)
British Airways’ cargo handlers in the U.K. are set to strike again over changes to pay and conditions. (Air Cargo News)
KLM Cargo and sister airline Martinair may suspend long-haul flights, including freighter operations, under stricter Covid-19 restrictions in the Netherlands. (The Loadstar)
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