The U.S. economy grew 2.1% in the fourth quarter, as exports rose at a 1.4% annual rate while imports fell 8.7%. (WSJ)
The eurozone’s economy slowed sharply in 2019 as its key automobile industry struggled. (WSJ)
Mexico’s economy contracted 0.1% in 2019. (WSJ)
Spirit AeroSystems Holdings reached an agreement with Boeing to resume limited production of fuselages for the suspended 737 MAX program. (WSJ)
A government report says Southwest Airlines suffered numerous safety lapses over two years under lax oversight from U.S. regulators. (WSJ)
The truck unit of Volkswagen AG has offered to fully take over Navistar International Corp. in an all-cash transaction valued at roughly $2.9 billion. (WSJ)
Unions representing mechanics at American Airlines Group have reached tentative agreement on new contracts. (WSJ)
Aston Martin Lagonda Global Holdings PLC, which is seeking to raise up to 500 million pounds ($652.5 million), said part of the emergency funding will come from billionaire Lawrence Stroll.
Hershey’s quarterly sales rose despite slipping U.S. volumes as it raised prices to offset higher raw materials and shipping costs. (WSJ)
Coca-Cola says it will reopen some factories in China that have been closed this month amid the spread of the coronavirus. (WSJ)
Unilever, the world’s largest tea maker, is exploring the sale of its tea business. (WSJ)
Cargo ship calls at China’s Yangtze River ports have declined sharply this month as the coronavirus outbreak has spread. (Lloyd’s List)
Honda Motor supplier Ftech is moving its brake pedal production from Wuhan to the Philippines amid the coronavirus outbreak. (Nikkei Asian Review)
Local authorities approved zoning for a 3.8 million-square-foot distribution center north of Austin, Texas, dubbed “Project Charm” for an unnamed customer. (KVUE)
Belgian tanker operator Euronav rode soaring freight rates to a $160 million fourth-quarter profit. (ShippingWatch)
UPS is buying 10,000 parcel-delivery vans from Arrival and making a minority investment in the U.K.-based vehicle manufacturer. (Atlanta Journal-Constitution)
Swedish truck maker Volvo’s quarterly profit fell a less-than-expected 13.2% to $969 million. (Reuters)
Volvo-owned Mack Trucks is returning to production of medium-duty trucks with a new plant in Roanoke, Va. (Allentown Morning Call)
Trucker ABF Freight’s parent ArcBest swung to a $5.5 million net loss in the fourth quarter as revenue fell 7.3%. (Talk Business)
Kenyan delivery logistics startup Sendy raised $20 million in a Series B funding round. (TechCrunch)
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