Factories in Asia and Europe are bouncing back strongly, with eurozone manufacturing activity reaching a 27-month high and India showing its strongest growth in a decade. China’s factory activity expanded for a seventh straight month. (WSJ)
U.S. households boosted spending by 1.4% in September, the fifth straight monthly gain. (WSJ)
Mexico’s economy rebounded strongly with 12% growth in the third quarter, including a 22% jump in industrial production. (WSJ)
Taiwan’s economy grew 3.3% in the third quarter from a year ago, the highest figure in more than two years. (WSJ)
Nestlé is taking full ownership of prepared-meal delivery business Freshly as it adjusts to the “new realities” of the U.S. food market. (WSJ)
Exxon Mobil lost money for the third straight quarter. (WSJ)
Europe’s major passenger airlines are cutting capacity plans for the end of the year amid a surge in coronavirus cases and new restrictions. (WSJ)
Air Transport Services Group says customers want to book freighters as far out as 2024 because of a cargo capacity shortage. (Dow Jones Newswires)
Huawei Technologies is developing plans for a semiconductor plant in Shanghai that would allow it to secure supplies despite U.S. sanctions. (Financial Times)
The U.S. suspended trade benefits for Thailand affecting about $817 million of the country’s exports in a dispute over pork. (Agence France-Presse)
Some Chinese clothing makers are turning to digital garment printers to speed up design and manufacturing. (South China Morning Post)
Japanese electric-vehicle engine maker Nidec is building a factory in Serbia. (Nikkei Asian Review)
FedEx Chairman Fred Smith joined automotive executive and policy experts in a new commission looking at the future of transportation technology. (Reuters)
Trans-Atlantic earnings for medium-range product tankers have plunged nearly 40% this month. (Lloyd’s List)
Third-quarter operating earnings at China’s Cosco Shipping Holdings jumped 161% to $230 million on a 7% gain in revenue. (Journal of Commerce)
Container line Ocean Network Express’s first-half profit increased more than five times over to $682 million as cargo volume and rates rebounded. (ShippingWatch)
Ryder System is starting a $50 million venture-capital fund aimed at logistics technology investments. (TechCrunch)
Tank barge operator Kirby’s third quarter earnings fell 43% to $27.5 million on a 25.5% drop in revenue. (MarineLog)
Drivers at U.K. parcel delivery firm Yodel are threatening a Christmas strike over an “insulting” pay offer. (Motor Transport)
Prologis sold 4.3 million square feet of industrial property in the U.K. to Blackstone’s logistics real-estate fund. (Logistics Manager)
Amazon is building its first fulfillment center in North Dakota outside Fargo. (Valley News)
Residents in a rural area of eastern Florida are fighting an unnamed company’s plans for a 1 million-square-foot e-commerce distribution center. (TCPalm)
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