Alibaba surpassed a record $75.1 billion in sales in the first day of its annual Singles Day event. (WSJ)
OPEC further lowered its forecast for declining oil demand this year but softened its outlook for 2021. (WSJ)
Engine maker Cummins and truck manufacturer Navistar International will work together to develop a heavy-duty truck powered by hydrogen fuel cells. (MarketWatch)
Mall landlords are starting to seek bankruptcy protection or shutting down as the shift in retail sales takes a financial toll. (WSJ)
Agriculture giant Louis Dreyfus is selling a major stake to a state-owned holding company in the United Arab Emirates. (WSJ)
Apple expects to transition its full lineup of Mac computers to its in-house processors over the next two years. (WSJ)
Chinese companies signed a total of $72.6 billion in purchase agreements at the country’s annual import fair in Shanghai. (South China Morning Post)
Shipping lines are adding surcharges for containers because there aren’t enough boxes to meet outbound demand in Asia. (Splash 247)
Moody's upgraded its shipping industry outlook from negative to stable but said growth “will be tempered in the tanker segment.” (Dow Jones Newswires)
Car carrier Wallenius Wilhelmsen reported a $4 million third-quarter profit after losing $354 million in the first half of the year. (Lloyd’s List)
U.K. business InfraStrata is buying shipyards with a goal of “regenerating British shipbuilding. (Financial Times)
Deutsche Post raised its guidance on expectations for a “very strong peak season” after third-quarter profit jumped 51.7%. (MarketWatch)
Logistics operator Geodis is integrating its services with Amazon and Shopify. (Modern Materials Handling)
PepsiCo opened a microfulfillment distribution center in Joliet, Ill. (Progressive Grocer)
Japan’s Mitsubishi took a minority stake in TVS Supply Chain Solutions of India. (Times of India)
Emirates Airlines will start using its A380 passenger planes as virtual freighters on some lanes. (Air Cargo News)
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