S&P Global is buying IHS Markit in a $44 billion deal uniting two financial data providers with deep reach into transportation and energy markets. (WSJ)
Truckload carrier J.B. Hunt Transport acquired fitness-equipment delivery specialist Mass Movement. (Dow Jones Newswires)
Exxon Mobil is retreating from plans to increase spending to boost oil and gas production, and preparing to slash the book value of its assets by up to $20 billion. (WSJ)
The prospect of coronavirus vaccines on the horizon has boosted hopes of an end to the pandemic-wrought downturn—but first the global economy could face a long and difficult winter. (WSJ)
Rhodium prices are soaring to record highs on optimism in demand for the precious metal that helps to strip pollutants out of car fumes. (WSJ)
DoorDash plans an initial public offering at $75 to $85 per share, giving the food-delivery company a valuation topping $25 billion. (WSJ)
Sycamore Partners agreed to pay $540 million to buy Ann Taylor, Lane Bryant and other store brands from Ascena Retail. (WSJ)
U.K. retail-chain owner Arcadia fell into the British version of bankruptcy protection. (Financial Times)
Walmart is cutting more than 1,200 jobs in Arkansas and New Jersey as it reorganizes e-commerce fulfillment operations. (Supply Chain Dive)
Walmart-backed online retailer Flipkart outsold Amazon by two to one during India’s festive retail period. (LiveMint)
Chinese mining giant Tianqi Lithium reached an agreement with lenders to narrowly avert default. (Nikkei Asian Review)
Maersk Line and CMA CGM want the European Commission to give ocean carriers free emissions allowances when the sector comes under the bloc’s carbon market. (Lloyd’s List)
More container shipping lines are diverting vessels from congested U.K. ports. (The Loadstar)
Ocean Network Express is adding eight large charter vessels over the next year and is considering new orders to expand its container ship fleet. (ShippingWatch)
Ship owner Pacific Basin bought four large bulk carriers from Scorpio Bulkers. (Splash 247)
The RightShip online vessel vetting platform named Steen Brodsgaard Lund chief executive. (TradeWinds)
The Port Authority of New York and New Jersey cut its construction budget by about a third, or $1.2 billion, from earlier plans. (Supply Chain Dive)
Larry Willis, president of the AFL-CIO’s Transportation Trades Department, died of injuries suffered in a biking accident. (Progressive Railroading)
CSX is acquiring Pan Am Railways and its 1,200-mile Northeast regional rail network. (Jacksonville Daily Record)
Lufthansa Cargo and DB Schenker will operate what they call the first carbon-neutral freighter flight using sustainable fuel. (Air Cargo News)
Rand McNally says its network linked to trucking electronic logging devices was down for seven days. (Commercial Carrier Journal)
Startup Altana raised $7 million in a seed funding round to build a supply-chain intelligence platform. (TechCrunch)
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