Dubai plans to delist DP World and return the global port operator to full state ownership. (WSJ)
Japan’s economy contracted at a 6.3% annualized rate in the fourth quarter on falling private consumption following a sales-tax increase. (WSJ)
U.S. industrial production fell 0.3% in January as consumer spending ticked up. (WSJ)
A measure of American consumer sentiment rose strongly in early February. (WSJ)
Europe’s trade surplus with the U.S. hit a record high in 2019. (WSJ)
Apple became the first major U.S. company to say it won’t meet revenue projections for the current quarter due to the coronavirus outbreak. (WSJ)
France’s Alstom reached a preliminary deal to acquire Bombardier’s train manufacturing business for more than $7 billion. (WSJ)
U.S. farm cooperative Dairy Farmers of America reached a $425 million deal to buy dozens of plants from bankrupt milk processor Dean Foods. (WSJ)
Home furnishings retailer Pier 1 Imports filed for chapter 11 bankruptcy protection with plans to sell the company. (WSJ)
Modell’s Sporting Goods, has hired a chief restructuring officer and started talks with suppliers after poor sales over the holidays. (WSJ)
Mattel’s sales fell 3% in the critical fourth-quarter. (WSJ)
BHP Group’s half-year net profit rose 29% on strong iron ore prices. (WSJ)
Miner Glencore swung to a loss in 2019 as it wrote down assets related to coal and other commodity businesses. (WSJ)
Renault swung to its first annual loss in a decade amid falling sales in China. (WSJ)
Volkswagen’s sales in China fell 11% in January. (WSJ)
General Motors is winding down its Australian and New Zealand operations and selling a Thai plant as it restructures its global business. (Reuters)
The European Union stripped Cambodia of some trade preferences, potentially raising tariffs on garment makers. (Sourcing Journal)
Hong Kong manufacturers scaling up production of face masks say they need sourcing, customs clearance and other logistics help. (South China Morning Post)
Deutsche Post will stop sending packages to China because of logistics problems there. (Deutsche Welle)
Several shipping lines imposed surcharges of up to $1,000 on refrigerated containers because of dwindling space on China’s congested ports. (The Loadstar)
At least 2,573 ships have been fitted with scrubber sulfur exhaust systems, with China Cosco Shipping the largest operator accounting for 113 vessels. (Lloyd’s List)
Singapore-based Pacific International Lines will drop its trans-Pacific services next month. (ShippingWatch)
Florida’s Jacksonville Port Authority won $93 million in federal grants for a large channel deepening project. (Journal of Commerce)
Coal volume at Minnesota’s Duluth-Superior ports fell to the lowest level in three decades during the 2019 shipping season. (Twin Cities Pioneer Press)
Amazon is preparing to open a 1 million-square-foot distribution center at the Dallas-Fort Worth International Airport. (Dallas Morning News)
Amazon bought a large parcel at the Colorado Springs, Colo., airport for a 4 million-square-foot distribution center. (The Gazette)
Illinois-based Bear Down Logistics is laying off hundreds of drivers in five states after losing a contract with Amazon. (Bloomberg)
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