A court annulled a 2013 European Commission decision that blocked United Parcel Service Inc. from acquiring TNT Express, opening the way for a UPS to sue for damages. (Reuters)
FedEx Corp. will pay New York City and state $35 million to settle lawsuits over shipments of untaxed cigarettes. (WSJ)
A gauge of U.S. business prices fell last month on a steep drop in energy costs. (WSJ)
Europe’s central bank chief warned that the eurozone economy has weakened unexpectedly. (WSJ)
Billionaire Edward Lampert won a bankruptcy auction for Sears Holdings Corp. and will keep open the struggling chain’s remaining stores. (WSJ)
Ford expects vehicle sales to be flat this year. (WSJ)
Delta Air Lines Inc. forecast sluggish revenue growth in part because of lost business during the government shutdown. (WSJ)
Apollo Global Management LLC is nearing a deal to buy aircraft parts supplier Arconic Inc. (WSJ)
A German court dismissed the latest patent lawsuit from Qualcomm Inc. against Apple Inc. (WSJ)
Danish freight forwarder DSV A/S made a $4.1 billion takeover approach to Swiss rival Panalpina. (Lloyd’s List)
The Supreme Court ruled trucking companies can’t impose binding arbitration clauses on independent drivers. (Heavy Duty Trucking)
Walmart is opening a freight consolidation center in Southern California that will use extensive automation. (San Bernardino Sun)
Taiwanese memory chip giant Nanya Technology is cutting its capital spending by 50% because of the impact of U.S.-China trade tensions. (Nikkei Asian Review)
Indonesia’s e-commerce market is booming despite enormous logistics hurdles in delivering goods. (The Economist)
Chinese property developer Evergrande Group is buying a controlling stake in auto producer National Electric Vehicle Sweden. (South China Morning Post)
British grocer Waitrose & Partners plans to eliminate all the black plastic from its packaging by the end of this year. (SHD Logistics)
FedEx Express will acquire the international express business of Israeli logistics firm Flying Cargo Group. (Air Cargo News)
Three crude tankers are headed to China from Texas ports with the first U.S. oil purchased by Chinese buyers under a trade truce. (MarineLink)
A bankruptcy court approved Aegean Marine Petroleum Network’s restructuring plan under support from Mercuria Energy Group. (TradeWinds)
The Port of Shanghai’s container volume rose 4.4% last year but net profit at the port management group declined 10.9%. (Xinhua)
IM Properties plans to develop more than 2.6 million square feet of warehouse space in the U.K. Midlands region. (Logistics Manager)
Industrial supplier Winsupply Inc. will open a distribution center in Jacksonville, Fla., this year. (Industrial Distribution)
Tire distributor Max Finkelstein Inc. is opening a distribution center near Richmond, Va. (Tire Business)
A tanker-truck crashed and spilled 3,500 gallons of chocolate on an interstate highway near Flagstaff, Ariz. (ABC15)
|