A Federal Reserve report says U.S businesses remain optimistic about the economy but are concerned that tariffs will increase their costs. (WSJ)
Sales of new homes in the U.S. fell for the fourth month in a row in September. (WSJ)
The Bank of Canada raised its key interest rate by a quarter-percentage point, to 1.75%. (WSJ)
South Korea’s economy grew a lackluster 0.6% in the September quarter. (WSJ)
A series of maps lays out the risks and potential in Arctic shipping routes. (WSJ)
Headhaul Capital Partners and Argosy Capital acquired third-party logistics company Anderson Cargo Services LLC. (WSJ)
Ford Motor Co.’s third-quarter profit fell 37% amid sharply lower results in China and Europe. (WSJ)
Germany’s Daimler AG and China’s Zhejiang Geely Holding Group Co. are forming a premium ride-hailing company in China. (WSJ)
Global maritime regulators pushed back decisions on contentious sulfur emissions rules until May 2019, sidestepping a deadlock over a potential delay in enforcement. (Lloyd’s List)
China and Japan struck an agreement to streamline customs procedures and cut clearance times by a third. (Nikkei Asian Review)
A measure of China’s freight activity showed growth slowing this month. (Financial Times)
Mitsubishi Motors started making car engines in southern China under a joint venture with Guangzho Automotive Group. (Automotive Logistics)
Container volume at Japan’s Ocean Network Express plunged 14.2% in the past six months. (Splash 247)
China’s two big oil refiners haven’t arranged any oil shipments from Iran in November because of concerns over U.S. sanctions. (Reuters)
Third-quarter profit at Norfolk Southern Corp. soared 39% to $777 million on a 10% gain in rail revenue. (Virginian-Pilot)
Canadian National Railway Ltd.’s third-quarter profit jumped 18.4% as stronger pricing boosted revenue faster than a 3% gain in volume. (Progressive Railroading)
The Czech government plans to privatize the country’s national freight railroad, CD Cargo. (RailFreight)
Cold-chain specialist Cryoport opened a logistics center in Livingston, N.J. (BioPharma Dive)
Thomson Reuters acquired trade management software provider Integration Point. (Toronto Globe and Mail)
Michigan officials approved a $1.5 million grant to help UPS freight brokerage business Coyote Logistics open a 300-worker office in Detroit. (Crain’s)
Researchers say humpback whales stop singing when noisy cargo ships are nearby. (New Scientist)
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