President-elect Joe Biden plans to nominate former South Bend, Ind., Mayor Pete Buttigieg to become U.S. Transportation Secretary. (WSJ)
Growth in U.S. industrial production slowed in November and overall output remains 5% below the pre-pandemic level. (WSJ)
The International Energy Agency cut its outlook for oil demand in 2021 and said a rebound in some wealthy countries is “going backwards.” (WSJ)
Iran has increased its oil exports by substantial amounts this year despite U.S. sanctions. (WSJ)
A report projects e-commerce will make up a quarter of global retail sales by 2024, up from 17% this year. (WSJ)
This holiday season has produced a record flow of incoming cargo at the Port of New York and New Jersey. (WSJ)
Zara owner Inditex says its inventory levels at the end of October were 11% lower than a year ago as overall sales fell 14%. (WSJ)
China reportedly lifted import restrictions for coal from countries other than Australia as a trade standoff leaves up 38 bulk ships stranded off China’s coast. (Lloyd’s List)
British supermarkets are stockpiling food and other goods after the government told them a no-deal Brexit is in the cards. (Times of London)
The U.K. lost 78,000 retail jobs in the third quarter as shopping moved online. (Financial Times)
Ten U.S. cotton textile suppliers signed onto a government program certifying that they produce sustainably grown cotton. (Sourcing Journal)
The share of retailers offering buy online, pickup in store service has grown to 40% from 25% last year. (Supply Chain Dive)
Bed Bath & Beyond is selling Cost Plus World Market to private equity firm Kingswood Capital Management. (CNBC)
The Port of Los Angeles is pulling containers with toy shipments out from its massively congested operations to keep them moving for the holidays. (Reuters)
Spot rates for liquefied natural gas carriers are rising rapidly as vessel demand outpaces supply. (TradeWinds)
The Northeast Passage portion of Russia’s Arctic Northern Sea Route was open for a record 88 days this season. (Splash 247)
Supply-chain software provider Blue Yonder is suing competitor Kinaxis over alleged patent infringements. (Journal of Commerce)
FedEx Express took delivery of the first of 30 new ATR72-600 turboprop freighters. (Air Cargo News)
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