The U.S. trade deficit with China shrank 14% in January. (WSJ)
Canada’s trade deficit in January was the second-highest on record. (WSJ)
U.K. disarray over Brexit deepened as lawmakers rejected alternatives to Prime Minister Theresa May’s plan while Mrs. May offered to resign to rescue her arrangement. (WSJ)
British officials say Huawei Technologies Co. has repeatedly failed to address security flaws in its products. (WSJ)
Daimler AG and Chinese auto maker Zhejiang Geely Holding Group are creating a joint venture to build an all-electric compact city car. (WSJ)
Boeing Co.’s rush to get its redesigned 737 MAX jetliner to market left some pilots in the dark about a new feature implicated in a deadly crash. (WSJ)
Procter & Gamble Co. and other companies say tax rule changes could push them to move some factories outside the U.S. (WSJ)
Saudi Arabia’s national oil company is buying a 70% stake in the kingdom’s petrochemicals firm. (WSJ).
Palladium prices tumbled on concerns about a possible bubble. (WSJ)
Ford Motor Co.’s Russian joint venture with Sollers PJSC will stop selling passenger vehicles in the country. (WSJ)
HNA Group Co. is selling budget airline Hong Kong Express Airways Ltd. to Cathay Pacific Airways Ltd. (WSJ)
Google is developing technology to help robots pick objects and navigate warehouses. (New York Times).
Ship broker Clarksons PLC says dry bulk trade growth is slowing in part from Vale SA’s cuts in iron ore production in Brazil. (Lloyd’s List)
Korean container line Hyundai Merchant Marine named former logistics executive Jae-hoon Bae to replace CK Yoo as chief executive. (Shipping Watch)
Kari-Pekka Kaaksonen resigned as chief executive of Finnish regional operator Containerships. (Splash 247)
Private equity firm Thomas H. Lee Partners L.P. acquired supply chain systems design company Fortna Inc. (DC Velocity)
Catalog retailer Lands’ End is opening more physical stores. (Chain Store Age)
Nike Inc. is stepping up efforts to digitize its supply chain. (Sourcing Journal)
Kansas City Southern’s Mexican subsidiary expects its fuel-by-rail business to grow 15% to 20% this year. (Reuters)
ArcBest Corp. wants to generate 50% of its revenue from services outside less-than-truckload business. (FreightWaves)
Research group Chainalytics expects U.S. contract rates for truckload shipments to fall 5% in the first half of 2019. (Journal of Commerce)
Freight broker Transplace is adding up to 600 jobs in an expansion of its Northwest Arkansas operations center. (Talk Business & Politics)
Starship Technologies Inc. says breakfast was the most popular meal for orders under a test of its robot food delivery devices at George Mason University. (Washington Post)
|