China’s economy expanded 6.6% last year, the slowest growth pace in nearly three decades. (WSJ)
The U.K.’s employment rate rose to a record high in the three months through November. (WSJ)
South Korea’s economy grew at the slowest rate in six years in 2018. (WSJ)
The International Monetary Fund lowered its forecasts for global economic growth. (WSJ)
U.S. factory output rose 1.1% in December, the biggest monthly gain since last February. (WSJ)
Consumers’ outlook for the U.S. economy fell sharply to the lowest level since October 2016. (WSJ)
Inflation in Canada unexpectedly accelerated in December, pushing the annual rate to the highest level in seven years. (WSJ)
The National Transportation Safety Board has suspended practically all accident investigations because of employee furloughs. (WSJ)
The head of the world’s largest oilfield services company expects U.S. shale production to slow this year. (WSJ)
Apollo Global Management LLC is in advanced talks to acquire European packaging firm RPC Group PLC for more than $3.8 billion. (WSJ)
CVS Health Corp. and Walmart Inc. settled their fight over the cost of filling prescriptions. (WSJ)
Amazon.com Inc. was the world's biggest corporate technology spender last year, investing more than $13.6 billion on IT. (WSJ)
Foxconn Technology Group is dropping 50,000 seasonal jobs amid a slowdown in Apple Inc. orders. (Nikkei Asian Review)
FedEx Corp. began offering buyouts to U.S. employees. (MarketWatch)
Nissan Motor Corp. is cutting up to 700 contract workers at its Canton, Miss., assembly plant. (CNBC)
Ford Motor Co. may close all the plants it operates in Russia with local manufacturer Sollers. (Automotive Logistics)
Walmart Inc. is using agreements with Roadie, Point Pickup, Skipcart and AxleHire to expand its grocery delivery across four U.S. states. (TechCrunch)
Ryder System Inc. opened highly automated warehouses in the Miami, Dallas and Chicago regions. (Heavy Duty Trucking)
Canadian Tire is using robotics to handle bulky, heavy items at its new distribution center outside Toronto. (Modern Materials Handling)
Volvo Group invested in wireless vehicle charging company Momentum Dynamics. (Trucks.com)
Rail equipment manufacturer Freightcar America laid off 145 workers at its Barton, Ala., plant. (Florence Times Daily)
Kansas City Southern’s fourth-quarter operating profit rose 7.8% to $256.4 million as improving revenue offset slim carload growth. (Progressive Railroading)
Orient Overseas International Ltd. plans to order six container ships with capacity for 23,000 20-foot equivalent units. (Lloyd’s List)
U.S. shippers are decrying new fees from some shipping lines for the rapid turnaround of trucks hauling containers known as street turns. (Lloyd’s Loading List)
China Navigation Co. is acquiring the dry bulk shipping business of Hamburg Süd. (TradeWinds)
The 5.7% growth in container volume at Ningbo-Zhoushan port last year made the Chinese gateway the world’s third-busiest container port. (Seatrade Maritime)
South Carolina’s Port of Charleston plans a barge service to move containers between terminals. (Post and Courier)
Mexico’s fuel shortage is hampering the country’s avocado exporters. (Reuters)
|