China is slashing tariffs on $75 billion of U.S. imports in half as part of its efforts to implement the new trade agreement with Washington. (WSJ)
ADP said the U.S. nonfarm private sector added 291,000 jobs in January. (WSJ)
The U.S. trade deficit narrowed in 2019 for the first time in six years, as imports fell faster than exports. (WSJ)
Canada’s export volumes rose 2.8% in December. (WSJ)
General Motors swung to a $194 million loss in the fourth quarter on the impact of a 40-day factory strike. (WSJ)
Drugmaker Merck & Co. will spin off $6.5 billion in assets, including women's-health products and cholesterol drugs that have lost patent protection. (WSJ)
Grubhub swung to an adjusted $4.2 million quarterly loss despite gains in sales and active users. (WSJ)
President Trump is considering withdrawing the U.S. from the World Trade Organization’s agreement on government procurement standards. (Bloomberg)
U.S. coal exports fell 19.7% last year from the year before. (S&P Platts)
International airfreight traffic fell 3.3% in 2019, the sector’s biggest decline in 10 years. (Lloyd’s Loading List)
United Parcel Service pilots and the carrier agreed to make flying to China “voluntary” during the coronavirus outbreak. (CNBC)
South Korea will spend $690 million to help its shipbuilding industry. (Lloyd’s List)
The Baltic Exchange started publishing container freight rates from Freightos as a daily benchmark. (Journal of Commerce)
Engine maker Cummins slashed its inventories by $400 million late last year in anticipation of a slump in truck orders and production. (Supply Chain Dive)
E-commerce parcel delivery startup Deliverr gained $40 million in a Series C round. (TechCrunch)
Albertsons is shuttering a Maryland distribution center and consolidating its mid-Atlantic grocery distribution though an existing site in Denver, Pa. (Winsight Grocery Business)
Freedonia Group forecasts the market for distribution equipment will grow at an average annual 5.2% pace through 2023. (Modern Materials Handling)
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