The International Energy Agency says global oil supplies are contracting from record-high levels. (WSJ)
Fiat Chrysler and the union representing workers at Canadian factories reached a tentative contract agreement, averting a potential strike. (WSJ)
The owner of Brazilian meatpacker JBS will pay $128 million to settle U.S. bribery allegations. (WSJ)
Some apparel brands are turning to outlets like Target and Walmart to compensate for department-store closings. (WSJ)
The Albertsons grocery chain won a bankruptcy auction for Kings Food Markets and Balducci’s. (WSJ)
The bankrupt parent of Ann Taylor got a $35 million offer for its tween-apparel chain Justice to turn it into a primarily online brand. (WSJ)
Volkswagen’s Traton heavy-truck division set a deadline for this Friday for Navistar International to accept its takeover bid. (Bloomberg)
Container lines are restoring canceled trans-Pacific sailings as demand for U.S. imports grows. (Lloyd’s List)
Indian oil companies are increasingly looking to North America to replace oil previously imported from Venezuela and the Middle East. (TradeWinds)
The U.K. signed agreements with four ferry operators worth a total of $100 million to provide freight capacity after the Brexit transition period ends. (Lloyd’s Loading List)
Average vessel earnings at dry-bulk shipping company Pacific Basin rose 10% in the third quarter. (ShippingWatch)
A retail-industry group expects holiday sales to grow 1.9% this year, including a 25% gain in e-commerce sales. (Retail Dive)
Singapore authorities charged a former supervisor at shipbuilder Keppel Fels and several subcontractors with corruption. (Straits Times)
Macy's will convert two stores in Delaware and Colorado into holiday-season fulfillment centers for online orders. (Wilmington News-Journal)
Retailer Ikea will start buying and selling used pieces of its furniture at its stores. (Modern Retail)
Japan’s Softbank will work with Nippon Express to develop truck fleet management technology for small freight operators. (Nikkei Asian Review)
Toyota Motor North America named Keith Robertson group vice president for supply chain management, replacing Randy Pflughaupt, who is retiring. (Automotive Logistics)
Industrial parts supplier Fastenal says the market for medical goods including masks and disposable respirators is oversupplied. (Supply Chain Dive)
Industrial packaging supplier Uline is building a 1 million-square-foot distribution center outside Naples, Fla. (Naples Daily News)
An Oregon company completed a test flight of its converted Airbus A321 freighter, a step toward regulatory certification. (FlightGlobal)
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