China’s producer prices rose in January after declining the month before. (WSJ)
Fourth-quarter net income at XPO Logistics slipped 3.1% to $93 million as revenue rose 12.8%. (Dow Jones Newswires)
Fourth-quarter gross bookings at Uber Freight rose 43% to $313 million and the loss narrowed by 25% to $41 million. (Dow Jones Newswires)
Uber Technologies narrowed its net loss to $6.76 billion last year on growth in its food-delivery business. (WSJ)
General Motors issued an upbeat 2021 outlook after posting record fourth-quarter earnings. (WSJ)
Toyota plans to launch three electric-car models in the U.S. this year. (WSJ)
United Airlines plans to buy up to 200 flying taxis from an electric aircraft startup. (WSJ)
Best Buy notified workers that the electronics retailer is cutting some jobs at its big box stores. (WSJ)
Coca-Cola expects high-single-digit percentage growth in organic revenue this year after a 9% decline in 2020. (WSJ)
Chinese delivery giant SF Holding is buying a 51.8% stake in Hong Kong-listed freight forwarder Kerry Logistics. (South China Morning Post)
Venture capital firms and other investors are taking big stakes in small Amazon sellers, believing they can take them international. (Bloomberg)
Heineken is cutting 8,000 jobs and seeking $2.4 billion in savings as it looks to “move beyond beer.” (Financial Times)
Dry-bulk carriers are benefiting from a surge in U.S. soybean exports to China. (Lloyd’s List)
European ferry and logistics operator DFDS expects revenue to grow up to 25% this year. (ShippingWatch)
Japanese shipbuilder Mitsui E&S is developing a navigation system that plans routes and allows vessels to dock autonomously. (Nikkei Asian Review)
Freight forwarder DSV Panalpina’s annual operating profit jumped 43% to $3.2 billion and revenue rose 22.4% despite falling volumes. (Lloyd’s Loading List)
Industrial real-estate developer Prologis says greater automation could increase warehouse productivity up to 20%. (Supply Chain Dive)
Online clothing reseller ThredUp is closing a distribution center outside Chicago and consolidating U.S. operations at three other sites. (Chicago Tribune)
Meal-delivery company Freshly is opening its first Southeast U.S. distribution center outside Atlanta. (Fast Company)
Miami-based startup SmartHop raised $12 million in a Series A funding round backing its app-driven business helping interstate truckers optimize routes. (TechCrunch)
Online commerce platform Fabric raised $43 million in a Series A funding round. (Business Journals)
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