The U.S. economy shed 9.4 million jobs last year, the most in any year in records dating to 1939. (WSJ)
The U.S. is reviving its Paycheck Protection Program of forgivable loans. (WSJ)
A blast of cold weather in northeast Asia and a shortage of ships for transporting gas have sparked a scramble for cargoes of liquefied natural gas, igniting a steep rise in prices. (WSJ)
A Boeing 737-500 passenger plane carrying 62 people crashed into the Java Sea. (WSJ)
The White House released a plan for enhanced maritime cybersecurity that includes security standards for port technology. (WSJ)
China opened a hog futures market, creating a transparent pricing mechanism for the critical agricultural sector. (WSJ)
Bed Bath & Beyond is moving toward a “common-sense” supply chain that replaces many of its cross-dock facilities with distribution centers, run by third parties. (Supply Chain Dive)
U.S. apparel imports rose 9.5% by volume in November. (Sourcing Journal)
Taiwan’s consumers are rejecting imported U.S. pork, undercutting American suppliers’ hopes for new market opportunities. (Financial Times)
Chinese search engine Baidu is working with the country’s Geely Automobile to develop electric cars. (South China Morning Post)
Meal-delivery company DoorDash is signaling an expansion into Japan. (Nikkei Asian Review)
Apparel retailer Christopher & Banks defaulted on a series of financial obligations. (Retail Dive)
The global order book for new ships has declined by about 50%. (ShippingWatch)
South Carolina authorities filed a federal complaint charging the waterfront union is pressuring ocean carriers to avoid the Port of Charleston’s Leatherman Terminal. (Charleston Business Journal)
Greek-owned United Overseas Group is buying Dubai-based tanker operator United Arab Chemical Carriers. (Lloyd’s List)
Union Pacific expects fourth-quarter operating revenue of roughly $5.1 billion, slightly below the previous year. (Dow Jones Newswires)
A federal judge blocked Union Pacific unionized workers from striking over the railroad’s efforts to protect employees from the coronavirus. (Associated Press)
U.K. online fashion retailer is building a 437,000-square-foot distribution center in Lichfield, in central England. (The Guardian)
A joint venture between Realterm and institutional investors bought a portfolio of warehouses in 28 U.S. markets from CenterPoint Properties. (Commercial Property Executive)
U.S. fertility centers say demand during the pandemic is far exceeding supply. (New York Times)
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