American factory activity strengthened in November and new manufacturing orders grew at an even faster pace. (WSJ)
China’s yuan currency rose at a steep rate following the U.S.-China trade truce. (WSJ)
Prices for Canada’s heavy crude surged after the province of Alberta mandated output cuts from the country’s largest oil producers. (WSJ)
President Trump named U.S. Trade Representative Robert Lighthizer to lead new trade negotiations with China. (WSJ)
Transportation Insight LLC owner Gryphon Investors is buying a majority stake in Atlanta-based freight broker Nolan Transportation Group Inc. (WSJ)
A European court said the U.K. government can unilaterally reverse its decision to leave the European Union. (WSJ)
IKEA plans to open its first American city-center store in midtown Manhattan next spring. (WSJ)
Royal Dutch Shell PLC plans to set short-term carbon-emissions targets and link them to executive pay. (WSJ)
GlaxoSmithKline PLC is buying cancer-focused drug company Tesaro Inc. for about $4.16 billion. (WSJ)
Sharp. Corp. is laying off 3,000 workers as it shifts iPhone parts production to a plant in China. (Nikkei Asian Review)
Online furniture retailer Wayfair Inc. will build a 1 million-square-foot distribution center in Jacksonville, Fla. (Jacksonville Daily Record)
Georgia will build a second inland container terminal linked by rail to the Port of Savannah. (Atlanta Journal-Constitution)
South Korea’s Hyundai Merchant Marine Co. Ltd. may join a new ocean container alliance when its ties with the 2M Alliance expire in 2020. (Business Korea)
Finland’s Finferries demonstrated a car ferry running on both autonomous and remote-controlled technology. (Lloyd’s List)
Denmark’s Copenhagen Malmo Port will build an automated 915,000-square-foot container terminal by late 2021. (Port Technology)
China’s Zhenjiang Shipyard will take over the assets of bankrupt Jiangsu Shenghua Shipbuilding. (Splash 247)
A U.S. House draft plan would make permanent a tax credit for short line railroad maintenance. (Logistics Management)
Canadian Pacific Railway Ltd. reached a tentative four-year contract agreement with a union representing 1,200 mechanics. (Progressive Railroading)
Logistics software provider FourKites Inc. opened a U.K. office ahead of a broader expansion into Europe. (DC Velocity)
Executives at a Miami-based freight forwarder Dip Shipping pleaded guilty to conspiring to fix prices. (American Shipper)
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