DSV Panalpina expects to eliminate up to 4,000 jobs as it integrates the logistics operations of Panalpina. (WSJ)
U.S. business activity fell to its lowest level in more than six years in February. (WSJ)
U.S. home sales fell 1.3% from December to January. (WSJ)
Teamsters union President James P. Hoffa won’t stand for re-election when his current term ends in March 2022. (WSJ)
Deere & Co. believes thawing U.S.-China trade tensions will boost purchasing of farm equipment. (WSJ)
Honda Motor will stop manufacturing cars in the Philippines next month. (Nikkei Asian Review)
New federal actions have halted the export of used vehicles from New York. (New York Times)
Rising prices for high-sulfur fuel oil are undercutting the economic gains ship owners expected from emissions scrubbers. (The Loadstar)
Flooding at Lake Ontario may force a delay in the St. Lawrence Seaway shipping season. (Rochester Democrat & Chronicle)
European regional carrier MPC Container Ships picked up $13 million in a private placement of shares in Oslo. (Lloyd’s List)
Airlines could lose nearly $30 billion in revenue this year as a result of the coronavirus outbreak. (Air Cargo News)
DHL Express took the first of six new 777 freighters the carrier will add to its fleet this year. (Stat Times)
Kuwait-based Agility’s fourth-quarter net profit increased 4.4% to $76 million on a 17.5% gain in revenue. (The National)
Amazon appears to be developing a micro-fulfillment center as part of its grocery store due to open in the Los Angeles area. (Progressive Grocer)
Old Dominion Freight Line will execute a three-for-two stock split on March 24. (DC Velocity)
New Mexico’s San Juan County and the Navajo Nation will jointly develop a private regional freight railroad. (Associated Press)
Manna Aero will start delivery of Thai food with drones in South Dublin in March. (The Independent)
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