The head of the World Bank believes it will take two to three years for global output to return to pre-pandemic levels. (WSJ)
China’s car sales rose for the fifth straight month in November, including a strong rebound in electric vehicles. (WSJ)
DoorDash is expected to price shares in its initial public offering at about $102 apiece, valuing the company at roughly $39 billion. (WSJ)
U.S. Steel is buying the remaining 50.1% stake in Arkansas-based mill Big River Steel it doesn’t already own. (WSJ)
Uber Technologies sold its self-driving car unit to Silicon Valley competitor Aurora Innovation. (WSJ)
Retailer J.C. Penney is exiting bankruptcy protection with new owners and access to $1.5 billion in financing. (WSJ)
The World Health Organization’s logistics chief says some air carriers are seeking “outrageous” prices to fly dry ice and other medical equipment. (Reuters)
Health care providers are coping with shortages and rising prices for protective equipment such as medical gloves. (CBS)
The health care arm of e-commerce giant JD.com plans to use proceeds from a public stock offering to buy physical pharmacies. (South China Morning Post)
Third-party merchants say Amazon’s new limits on fulfillment capacity have left them unable to quickly replenish inventories. (CNBC)
Old Navy projects online sales growth in the fourth quarter “in the very, very high double digits.” (Glossy)
New York lawmakers are considering a $3 surcharge on deliveries of online orders to raise funds for cash-strapped transit operations. (NBC4)
Toyota and three major convenience store operators will test the use of fuel-cell electric delivery trucks in 2021. (Japan Times)
South Korea’s Daewoo Shipbuilding & Marine Engineering struck a deal to build 10 very large crude carriers to be fueled by liquefied natural gas. (Lloyd’s List)
Seaspan is buying five vessels with capacity for 12,200 containers each. (TradeWinds)
Hapag-Loyd upgraded its full-year earnings outlook on continuing strong container shipping demand in the fourth quarter. (ShippingWatch)
Private equity firm American Industrial Partners will take transport and logistics firm Seacor Holdings private in an all-cash transaction worth around $1 billion. (Maritime Executive)
Volvo Trucks is halting sales of its U.S.-made Class 8 trucks in Mexico. (Reuters)
Regional rail company R.J. Corman Railroad Group acquired three short lines operating in New York and Pennsylvania. (Progressive Railroading)
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