A winter storm over the weekend affected almost 200 million people across much of the U.S., prompting nearly 12,000 flight cancellations, knocking out power for hundreds of thousands and disrupting logistics operations. Frigid temperatures were expected to keep things icy for the rest of the week, according to the National Weather Service.

Ahead of the storm, FedEx activated contingency plans at its Memphis and Indianapolis hubs, and warned of potential package delivery delays. United Parcel Service suspended Second Day Air and some other operations at its Louisville, Ky., Worldport hub on Sunday, and also warned of delivery delays. Delta Air Lines on Friday put in place temporary embargoes lasting into Monday on speciality services. United Airlines said cargo booked to ship from its Newark, N.J., hub wouldn’t be accepted through Monday, with restrictions in place at several other airports.

On the roads, multi-vehicle pileups were reported in Texas, Missouri and other states. Pennsylvania banned all commercial motor vehicles from interstates and the Turnpike. Caterpillar told workers to not report to work on Monday and Tuesday at its remanufacturing and logistics facility in Corinth, Miss., a state hit especially hard by ice.

Fears that the cold and ice would bring power outages in Texas similar to the crippling blackouts in 2021 weren’t realized, with most power staying on. Tennessee was hit hardest by power outages, with about 300,000 customers losing power, most in the Nashville area.

President Trump threatened to impose 100% tariffs on all Canadian products coming into the U.S. if Canada strikes a trade deal with China. The WSJ’s Ken Thomas and Paul Vieira write that the warning capped a week in which Canadian Prime Minister Mark Carney resolved a trade dispute with China and urged smaller powers to unite against economic coercion from the world’s great powers in a speech in Davos, Switzerland.

Canada and China settled a trade clash involving China-made electric vehicles and Canadian agricultural products on Jan. 16, which Carney said at the time marked the start of a strategic new partnership with China. Canada’s minister responsible for trade with the U.S. said Ottawa wasn’t pursuing a free-trade deal with Beijing, but Carney’s ditching of the ‘Mr. Nice Guy’ approach could put the country's economy in an even tighter squeeze, political analysts said.

The escalating quarrel comes as Europe is planning to reduce its reliance on American technology due to rising tensions with the U.S., spurred by concerns over potential service interruptions. The European Parliament last week passed a “technological sovereignty” resolution that supports using public procurement criteria to favor European products where possible, and proposes new legislation to promote European cloud providers.

Despite the global tensions, business activity picked up at the start of the year in the U.S. and other large economies in Europe and Asia, and American consumer sentiment lifted off near-historical lows. Signs of a rebound in export orders indicate the global economy is adjusting to the increase in U.S. tariffs, the Journal’s  Paul Hannon writes.

• Canadian retail sales in November rose 1.3% from the month before, but dropped an estimated 0.5% in December, based on an advance tally of receipts. (WSJ)
• Volkswagen CEO Oliver Blume said large additional investments in the U.S., such as a possible Audi plant, aren’t feasible without tariff relief. (Handelsblatt)

A hoard of junk containing electric motors represents a hope that old gadgets, not new mines, are the fastest way to loosen China’s chokehold over the supply of rare-earth metals. The Journal’s Ed Ballard and Rhiannon Doyle write that, globally, less than 1% of the rare-earth metals in expired technology gets recycled.

This makes the electronic products thrown away every year the world’s biggest “aboveground deposit” of the critical materials, says the founder of Cyclic Materials, which plans to open a recycling facility in Mesa, Ariz., in the next few months.

Cyclic is one of a growing list of ventures trying to scale up new recycling technologies. The company last week said it raised $75 million from investors to expand its recycling operations in the U.S. and Europe, bringing the amount it has raised to $162 million. But it will face competition—and some of its rivals have the backing of the U.S. government.

• Two officials from an office in the Commerce Department’s Bureau of Industry and Security, focused on countering Chinese tech threats, were dismissed amid concerns of a softening U.S. stance. (WSJ)
• U.K. retail sales unexpectedly picked up in December, providing a boost for the economy over the key holiday period. (WSJ)
• SLB plans to rapidly expand operations in Venezuela, where it is currently the sole active service provider for Chevron. (WSJ)
• California’s attorney general sued the Trump administration over its move to restart the Las Flores oil pipelines in the state. (WSJ)
• Enphase Energy plans to cut about 6% of its workforce as part of a restructuring after the expiration of a federal tax credit sapped demand for residential solar panels. (WSJ)
• Danone is recalling batches of infant formula manufactured in Ireland due to potential cereulide contamination from an ingredient made in China. (WSJ)
• The French Navy’s seizure of a “shadow tanker” carrying Russian oil in the Mediterranean marks an escalation of Western nations’ efforts to stamp out the smuggling network of more than 1,000 ships. (WSJ)
• The Russian oil tanker Progress, which is under sanctions, as of Friday was adrift in the Mediterranean off the coast of Algeria. (MarineTraffic)
• CK Hutchison Holdings is looking to advance its effort to sell dozens of ports to a BlackRock-led consortium by splitting the deal into separate parts with different ownership structures. (Bloomberg)
• Danish logistics giant DSV broke ground on a 950,000 square-foot hub in Arizona that consolidates multimodal services and sits near major chip manufacturers. (Air Cargo News)
• The Federal Maritime Commission is starting a second investigation into restrictions from ocean carriers on truckers choosing chassis when hauling a container. (Journal of Commerce)
• The containership ONE Henry Hudson that caught fire in November while docked at the Port of Los Angeles is heading to an unspecified shipyard in Asia. (Splash247)
• CMA CGM took delivery of the first of six 15,000-TEU, methanol-powered containerships, bringing the total number of ships owned by the French company to 400. (DC Velocity)
• Federal law enforcement is investigating an Arizona trucking company over suspected cabotage violations and unlawful labor practices. (Transport Topics)
• Kuehne + Nagel completed the first Channel Tunnel crossing with a heavy duty electric truck, moving freight between the U.K. and Germany using only public charging infrastructure. (Breakbulk News)

Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.