U.S. factory activity contracted for the fifth consecutive month in December. (WSJ)
China’s services sector expanded at a slower pace in December. (WSJ)
Bankrupt trucker Celadon Group Inc. is nearing a deal to sell its Taylor Express Inc. business. (WSJ)
Bed Bath & Beyond Inc. will sell roughly half its real estate and lease back the space in a deal that will generate more than $250 million for the troubled home-goods retailer. (WSJ)
Kraft Heinz Co.’s procurement chief says the company wants to move toward more collaborative rather than transactional relationships with suppliers. (Food Navigator)
Bangladesh’s minimum wage board is recommending a 32% increase in the minimum monthly wage for leather and footwear workers. (Sourcing Journal)
Research group IDC projects world-wide spending on robotics systems and drones will rise 17% this year. (DC Velocity)
Russia’s government will designate several domestic auto parts suppliers for subsidies this year. (Automotive Logistics)
Amazon.com Inc. struck a deal with India’s second-largest retail chain to sell goods online. (TechCrunch)
Discount grocer Lidl is building a 925,000-square-foot, $100 million distribution center about 35 miles west of Atlanta. (Jackson Progress-Argus)
The Baltic Dry Index for dry bulk shipping rates fell below 1,000 for the first time since last May. (TradeWinds)
Dry bulk ship operator Goodbulk withdrew its application for an initial public stock offering in New York. (Lloyd’s List)
Texas is seeking at least $12 billion in federal backing for projects protecting coastal oil facilities from rising sea levels. (CBS)
Korean Air is restructuring ome cargo operations after its freight business fell 12% last year. (BusinessKorea)
John Dietrich took over from William Flynn as chief executive of Atlas Air Worldwide Group Holdings Inc. (Air Cargo News)
A Japanese restaurant chain paid $1.79 million for a bluefin tuna at the New Year's auction at Tokyo's Toyosu fish market. (Nikkei Asian Review)
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