China’s exports rose 3.6% from a year earlier to a record $2.6 trillion in 2020. (WSJ)
China expanded its share of global economic output last year by the largest amount since at least the 1970s. (WSJ)
The Federal Reserve says the U.S. economy grew “modestly” in the final weeks of 2020 amid a resurgence in Covid-19 cases. (WSJ)
U.S. consumer prices ticked 0.4% higher in December on rising energy and food costs. (WSJ)
The U.S. banned imports of cotton and tomato products from China’s Xinjiang region. (WSJ)
Target’s online sales more than doubled from a year ago in the holiday shopping period. (WSJ)
Boeing’s drone unit will pay $25 million to settle civil-fraud allegations that it overcharged the U.S. military. (WSJ)
Qualcomm is buying chip startup Nuvia, adding to a wave of deals remaking the semiconductor industry. (WSJ)
Dollar General is offering to pay its workers to get a Covid-19 vaccine. (WSJ)
Honda is suspending production at its British factory due to Covid-19 related global supply-chain issues. (Nikkei Asian Review)
German logistics giant DB Schenker suspended deliveries to the U.K. due to “significant” problems caused by post-Brexit customs paperwork. (Bloomberg)
Mark Buzby resigned as head of the U.S. Maritime Administration in protest over the attack on the Capitol by supporters of President Trump. (Maritime Executive)
Energy infrastructure company New Fortress Energy is acquiring Golar LNG Partners and Hygo Energy Transition in separate deals collectively worth $5 billion. (Lloyd’s List)
South China authorities have suspended container barge feeder services through the ports of Hong Kong and Shenzhen. (The Loadstar)
Maersk Product Tankers sold the wind-powered vessel it had touted as a green energy test project. (TradeWinds)
Private logistics provider Swissterminal took over operations at three French inland ports. (Port Technology)
Retailer Loves Furniture filed for bankruptcy protection following numerous shipping problems and a dispute with Penske Logistics. (Supply Chain Dive)
Amazon is building a last-mile distribution center near Buffalo after dropping plans for a 3.8 million-square-foot facility nearby under strong community opposition. (Buffalo News)
Gap plans to use its new, highly-automated distribution center outside Columbus, Ohio, as a model for its other facilities. (Modern Materials Handling)
Amsterdam-based Just Eat Takeaway plans to “go all out” against food-delivery rivals in London. (Financial Times)
BNSF Railway is seeking a limited waiver from rules regarding grizzly bear deaths along with approval of a collision prevention plan. (Progressive Railroading)
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