The International Monetary Fund projects the global economy will expand 3.3% in 2020, up from 2.9% in 2019. (WSJ)
New overseas investment by businesses around the world fell in 2019 to its lowest level in almost a decade. (WSJ)
A Libyan militia’s blockade of Libyan ports is pushing oil prices upward. (WSJ)
The longest transport strike in French history is petering out, with cash-strapped workers returning to work. (WSJ)
A broad consensus is developing among scientists that the world could warm by roughly three degrees Celsius by 2100. (WSJ)
Uber is selling its Indian food-delivery unit to a local rival Zomato. (WSJ)
Embraer says it will scrap plans for an all-new turboprop aircraft if regulators reject its proposed joint venture with Boeing. (WSJ)
A judge reduced the punitive damages Johnson & Johnson must pay in a lawsuit over an antipsychotic drug to $6.8 million from the $8 billion awarded by a jury. (WSJ)
South Korea will send a naval unit to the Strait of Hormuz to guard oil tankers. (Reuters)
A new report says progress on sustainability has stagnated in global supply chains as companies focused on trade struggles. (Sourcing Journal)
Toyota Motor is adding $700 million to the expansion of its SUV plant in Princeton, Ind. (Industry Week)
A study says cutting shipping industry greenhouse gas emissions in half by 2050 will cost at least $1 trillion. (Lloyd’s List)
Container shipping’s THE Alliance is expanding its network as Hyundai Merchant Marine joins the group. (Marine Executive)
Multipurpose cargo ocean carrier Zeamarine turned nine of its ships over to competitor United Heavy Lift as part of its ongoing cost-cutting effort. (Shipping Watch)
Amazon ordered 40 electric vans from Deutsche Post’s StreetScooter unit for use in delivery in Germany. (Forbes)
DHL Express says it has “over-invested” in India and must reset its Blue Dart cargo operation. (Economic Times)
Kansas City Southern’s fourth-quarter net profit fell 21% to $127.2 million despite a 5% gain in revenue. (Progressive Railroading)
Truck parts manufacturer Meritor acquired vehicle electrification specialist TransPower. (Heavy Duty Trucking)
Ten logistics firms will work with Transport for London to test new delivery strategies for city fulfillment. (Motor Transport)
Atlanta-based freight broker Nolan Transportation Group acquired cold chain logistics specialist Eagle Transportation. (DC Velocity)
The U.K.’s Dixons Carphone named former Kingfisher global supply and logistics director Lindsay Haselhurst as chief supply chain officer. (Logistics Manager)
Sun Capital dropped its planned acquisition of U.K.-based Clipper Logistics. (The Loadstar)
A lack of developed cannabis supply chains has left Illinois with a legal marijuana shortage expected to last up to a year. (Chicago Tribune)
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