Oil prices hit a seven-year high as OPEC and allied producers decided against a large boost in output. (WSJ)
The U.S. plans to launch new trade talks with China but will maintain tariffs on Chinese imports. (WSJ)
The World Trade Organization forecasts global trade flows will extend a rapid rebound from the pandemic this year and next. (WSJ)
The dollar’s value on global currency markets rose to its highest level since September 2020. (WSJ)
Activist investment firm Engine No. 1 is backing General Motors as a likely leader in the transition to electric cars. (WSJ)
Volvo Cars expects to raise the equivalent of $2.86 billion in an initial public offering. (WSJ)
Qualcomm and SSW Partners are teaming up in a $4.5 billion deal to buy Swedish automotive-technology supplier Veoneer. (WSJ)
Shipping delays, printer backups and worker shortages are forcing publishers to postpone new titles and leaving booksellers’ supplies dwindling. (New York Times)
Coca-Cola will start chartering midsize bulk vessels to get around tight container shipping operations. (Splash 247)
Sea-Intelligence says 10% of global container shipping capacity is tied up by congestion. (Lloyd’s Loading List)
Marine insurers are removing coverage for tankers using evasive tactics to haul Iranian energy products. (Lloyd’s List)
Qatar's state energy company ordered four liquefied natural gas carriers from China to back its large LNG exporting project. (Maritime Executive)
Truck maker Paccar blamed the chip shortage for cutting about 7,000 vehicles from its third-quarter deliveries. (Dow Jones Newswires)
Canadian National set March 22 as the date for shareholders to vote on an activist investor’s proposal to oust CEO Jean-Jacques Ruest and four board members. (Trains)
Several labor unions are asking a court to halt Norfolk Southern’s moves toward precision railroading that would slash staff numbers. (Progressive Railroading)
Seko Logistics acquired French freight forward Bansard International in a deal with a projected enterprise value of $200 million. (The Loadstar)
An international investor group says major food suppliers face growing risks from climate change. (Supply Chain Dive)
North American companies showed strong growth in a measure of business sustainability. (Supply Chain Quarterly)
Bankruptcy filings by retailers have fallen sharply this year. (Retail Dive)
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