The International Monetary Fund slashed its forecast for global trade volume growth this year by more than half to 1.1%. (WSJ)
Talks between the U.K. and European Union toward a draft plan for Britain to leave the bloc dragged into Wednesday. (WSJ)
XPO Logistics Inc. named former General Electric Co. executive and mergers-and-acquisitions expert Aris Kekedjian to its board of directors. (WSJ)
J.B. Hunt Transport Services Inc.’s third-quarter revenue jumped 7% but the $151.2 million profit fell short of expectations. (WSJ)
Three major drug distributors are in talks to pay $18 billion to settle sweeping litigation blaming them for fueling the opioid crisis. (WSJ)
Peabody Energy Corp is shutting a mine and coal processing facility in Saline County, Ill. due to “uneconomic mining conditions.” (WSJ)
Germany won't outright exclude Huawei Technologies Co. or other vendors from supplying components for next-generation 5G internet. (WSJ)
Johnson & Johnson raised its financial forecast for 2019 despite grappling with a heavy litigation case load. (WSJ)
Taco Bell Corp. voluntarily recalled about 2.3 million pounds of seasoned beef after a customer reportedly found a metal shaving in an order. (WSJ)
Nike Inc. plans to stop supplying many independent retailers with its sports apparel to focus on online and direct-to-consumer sales. (Times of London)
Brazilian miner Vale expects to restore about 30 million metric tons of shuttered iron ore output next year. (Lloyd’s List)
Unionized workers went on strike at four Asarco LLC mines and smelters in Arizona and one in Texas. (Arizona Daily Star)
Container lines are dropping dozens of trans-Pacific sailings this month and next amid eroding eastbound freight rates. (Journal of Commerce)
Japan’s Mitsui OSK Lines is expanding its commitment to wind power for its vessels. (Splash 247)
FedEx Corp. is testing its autonomous delivery robot in Dubai. (Gulf News)
Orders for warehouse handling equipment soared 58.1% in August from a year ago. (Modern Materials Handling)
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