United States Steel Corp. will add 1.6 million tons of steelmaking capacity at an Alabama furnace as tariffs on foreign metal raise profits on domestic steel. (WSJ)
A bankruptcy judge will appoint an examiner for freight payment provider IPS Worldwide LLC in a search for tens of millions of dollars. (WSJ)
Food-delivery startup DoorDash Inc. is raising roughly $500 million at a valuation of more than $6 billion. (WSJ)
Apple Inc.’s smartphone shipments to China in the fourth quarter fell 20% from a year earlier. (WSJ)
Nine West Holdings Inc. reached a deal that clears a path out of bankruptcy for the shoe retailer. (WSJ)
A Virginia supplier of motors and automation platforms settled charges that its Turkish affiliate violated U.S. sanctions on business with Iran. (WSJ)
Private-equity firm EQT’s infrastructure team bought energy industry equipment and services supplier Kodiak Gas Services LLC. (WSJ)
Tankers with Venezuelan crude are heading to the U.S. under special sanctions arrangements, suggesting sellers will deposit funds in accounts for an interim Venezuelan government. (Lloyd’s List)
Walmart Inc. and logistics firm Deliv pulled the plug on their same-day grocery delivery agreement. (Reuters)
A fire at Ocado PLC's robotic U.K. distribution facility could threaten the online grocer's broader ambitions to automate the sector. (The Guardian)
A report says logistics blockchain technology adoption has been slow despite widel belief that it will disrupt business. (Logistics Management)
Germany’s Port of Hamburg is losing market share because its draft limitations restrict bigger container ships. (The Loadstar)
Average truck driver pay in the U.S. rose an estimated 10% last year. (National Public Radio)
A federal court ruled a sexual harassment suit against trucker CRST Expedited Inc. can’t go forward as a class-action claim. (Material Handling & Logistics)
Minnesota officials are concerned about the safety risks of rising oil-train traffic from Canada. (Minneapolis Star-Tribune)
Norfolk Southern Corp. projects a sharp improvement in its operating ratio in the next two years. (Progressive Railroading)
Vietnamese freight load-matching platform Logivan raised $5.5 million in its third funding round. (DealStreetAsia)
Freight broker NFI Industries acquired intermodal-focused broker SCR Industries. (DC Velocity)
Redwood Logistics acquired fellow Chicago-based freight broker Strive Logistics. (American Shipper)
|