Economists say U.S. households, businesses and investors should brace for a sharp economic downturn because of the new coronavirus pandemic. (WSJ)
U.S. crude-oil prices fell below $30 a barrel, nearing a four-year low. (WSJ)
Chinese e-commerce group JD.com is considering a secondary stock listing in Hong Kong. (WSJ)
Hong Kong flagship airline Cathay Pacific lost more than $257 million in February and expects a bigger financial hit in March and April. (WSJ)
Canada’s parliament ratified the new U.S.-Mexico-Canada trade agreement. (Reuters)
A consortium of companies issued global standards for tracking products across seafood supply chains. (Progressive Grocer)
Starbucks will spend $130 million to build its largest overseas roaster near Shanghai. (Nikkei Asian Review)
A charter agreement for a very large crude carrier was set for a record equivalent daily rate of more than $411,000. (Lloyd’s List)
Container lines are canceling surcharges for refrigerated shipments destined for China as congestion caused by the coronavirus impact eases. (Seatrade Maritime)
New Federal Maritime Commissioner Carl Bentzel warned container shipping lines against “price gouging” on trans-Pacific services. (The Loadstar)
Two Port of Seattle shipping terminals suspended operations due to diminished container demand as a result of the coronavirus slowdown. (Seattle Times)
The Georgia Ports Authority expects March container volumes at the Port of Savannah to decline by about 18%. (Journal of Commerce)
Freight forwarder DSV Panalpina withdrew its 2020 guidance and suspended its share buyback program under the coronavirus uncertainty. (Lloyd’s Loading List)
European logistics and ferry operator DFDS is laying off about 600 workers related to its diminished ferry business. (Shipping Watch)
Less-than-truckload carrier YRC Worldwide’s shipments per day fell 3.9% in the first two months of the year. (Logistics Management)
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