Joe Biden’s campaign promise to phase out oil probably signals the end of the long-delayed Keystone XL oil pipeline and threatens the future of Dakota Access, another major crude conduit. (WSJ)
The number of job openings in the U.S. has come back to nearly pre-pandemic levels. (WSJ)
Research shows that countries that moved quickly to suppress the virus early on have done better than others economically. (WSJ)
United Parcel Service is lifting its ban on facial hair and allowing natural Black hairstyles as well as eliminating gender-specific rules. (WSJ)
U.S. regulators are considering new enforcement action against Boeing over alleged quality-control lapses on assembly lines. (WSJ)
Oil giant BP will work with renewable energy supplier Ørsted to produce hydrogen from wind power. (WSJ)
Most U.S. state governments aren’t ready to distribute coronavirus vaccine doses, with gaps especially large in rural areas. (ProPublica)
Amazon wants to truck more of its own goods in “middle-mile” transport between warehouses, factories and ports and provide freight brokerage for other companies. (The Information)
Toshiba is dropping its coal business while increasing its investment in renewables five-fold. (Nikkei Asian Review)
Simon Property Group and Brookfield Asset Management got the green light to buy retail chain J.C. Penney out of bankruptcy for $1.75 billion. (Financial Times)
Uber Technologies reportedly won Justice Department approval to buy food-delivery company Postmates. (Axios)
Major Western retailers are canceling apparel orders with Bangladeshi factories amid a new wave of Covid cases. (The Loadstar)
Hyundai Motor will produce versions of its new compact SUV at its plant in Alabama starting next year. (Korea Herald)
Target-owned delivery company Shipt plans to add 100,000 seasonal workers for the holidays. (Minneapolis Star-Tribune)
A new analysis says shipping companies held an average effective tax rate of 7% in the 15 years ending 2019. (Lloyd’s List)
Singapore's Pacific International Lines is seeking to restructure its debt after a cash injection from Temasek Holdings. (Splash 247)
Tanker operator DHT Holdings swung to a $50.7 million net profit in the third quarter from a loss a year ago but earnings fell nearly 50% from the second quarter. (ShippingWatch)
Thai Airways is selling 34 aircraft, including its entire fleet of Boeing 747s and 777s. (FlightGlobal)
Air Canada plans to convert some of its Boeing 767 passenger aircraft to freighters. (American Shipper)
BNSF Railway's third-quarter operating income fell 8% to $2 billion on a 14% drop in revenue. (Progressive Railroading)
Dollar General will build an 800,000-square-foot distribution center in Blair, Neb. (Omaha World-Herald)
Xpressbees raised $110 million in a funding round that values the Indian e-commerce logistics firm at more than $350 million. (TechCrunch)
|