The IMF projects the world economy will grow 5.5% this year after a smaller-than-expected 3.2% contraction in 2020. (WSJ)
Consumer confidence in the U.S. rose in January as expectations for the economy and the labor market improved. (WSJ)
Home prices in the U.S. are rising on limited inventory. (WSJ)
President Biden is expected to issue an order suspending new oil and gas leasing on federal land. (WSJ)
General Electric booked $4.4 billion in fourth-quarter cash flow, beating its own projection with a strong finish to 2020. (WSJ)
3M expects revenue to grow 6% this year on improving sales across its product lines. (WSJ)
The U.S. division of French beauty products maker L’Occitane filed for bankruptcy protection. (WSJ)
The Belk department store chain is nearing a bankruptcy filing with plans to hand a minority ownership stake to lenders. (WSJ)
The U.S. is seizing Iranian oil that a ship operator said it unwittingly loaded on one of its very large crude carriers. (Lloyd’s List)
Container shipping lines rejected U.S. agricultural exports worth hundreds of millions of dollars during October and November to speed empty containers back to China. (CNBC)
The Port of Los Angeles is offering financial incentives to container terminal operators to eliminate bottlenecks in their operations. (The Loadstar)
President Biden plans to replace the government’s fleet of trucks and cars with electric vehicles assembled in the U.S. (The Verge)
Freight broker C.H. Robinson Worldwide’s fourth-quarter net profit jumped 49.1% to $147.8 million as revenue jumped 20%. (Dow Jones Newswires)
Fourth-quarter revenue at industrial property owner Prologis rose 34.6% to $1.11 billion. (Dow Jones Newswires)
U.K. online apparel retailer Boohoo is buying business assets and websites of store chain Debenhams. (The Guardian)
Canadian exports of crude oil by rail jumped 87% from October to November amid limited pipeline capacity. (Globe and Mail)
Short line operator Omnitrax named former CSX executive Dean Piacente as chief executive. (Railway Age)
Denmark-based ferry operator DFDS bought Dutch cold-chain specialist HSF Logistics for $360 million. (ShippingWatch)
Truck maker Paccar’s annual profit fell 46% to $1.3 billion last year on a 27% drop in sales revenue. (Seattle Times)
The head of shipbroker Clarksons’ Middle East business died of Covid-19. (TradeWinds)
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