Measures of U.S. and Asia service-sector activity gained ground in January, while a contraction in the eurozone threatens a double-dip recession. (WSJ)
A Federal Reserve survey found 90% of small companies said business hasn't returned to pre-pandemic levels. (WSJ)
General Motors idled three North American assembly plants and reduced production in South Korea because of a semiconductor shortage. (WSJ)
Fourth-quarter net profit at truckload carrier Schneider National rose 38% to $76.9 million on a 9% gain in operating revenue. (Dow Jones Newswires)
Truckload carriers say in their quarterly earnings calls that they are struggling to find drivers. (Dow Jones Newswires)
Fourth-quarter revenue at freight broker Echo Global Logistics rose 41.9% to $754.3 million and net profit jumped to $11 million. (Dow Jones Newswires)
Quarterly volumes at distributor Performance Food Group fell 17%, excluding the company’s acquisition of Reinhart Foodservice. (Dow Jones Newswires)
Jazz Pharmaceuticals is buying GW Pharmaceuticals in a bet on cannabis-based therapies. (WSJ)
Chinese electric-vehicle battery giant CATL will spend $4.5 billion to build or upgrade factories to boost production. (Nikkei Asian Review)
Federal Maritime Commissioner Carl Bentzel says container lines may have to reroute ships through the Pacific Northwest to avoid Southern California backlogs . (Journal of Commerce)
A stealth tanker fleet has developed beyond regulatory oversight to serve the sanctioned oil trade of Iran and Venezuela. (Lloyd’s List)
Spot rates in the capesize dry-bulk market are collapsing and traders are offloading freight futures derivatives. (TradeWinds)
CMA CGM will have Air Belgium operate two freighters for its fledgling air cargo operation. (The Loadstar)
Mediterranean Shipping Co. has been buying up smaller container ships on the used market. (Splash 247)
Amazon is building a 634,000-square-foot distribution center south of Knoxville, Tenn. (WBIR)
Authorities in Dover, Del., are considering banning the use of shipping containers as houses or storage sites. (New Philadelphia Times Reporter)
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