China’s crackdowns on private enterprises are starting to weigh on business activity and add to financial risks in the country. (WSJ)
Supply-chain visibility provider project44 bought last-mile delivery technology company Convey in a push into the business-to-consumer market. (VentureBeat)
A hedge fund and its finance chief settled allegations that they violated securities rules in trades involving DryShips shares. (WSJ)
The Justice Department is preparing to challenge the American Airlines partnership with JetBlue Airways. (WSJ)
ConocoPhillips is set to become the second-largest oil and gas producer in the contiguous U.S. following its $9.5 billion purchase of Royal Dutch Shell’s Permian Basin assets (WSJ)
Uber is getting closer to reporting its first measure of profitability. (WSJ)
McDonald’s plans to eliminate plastics from its Happy Meals toys by 2025. (WSJ)
British Steel warns an up to 50-fold increase in quoted power prices is cutting into production. (Financial Times)
Average charter rates for the largest dry-bulk ships reached the highest level in Baltic Exchange records dating to 2014. (Lloyd’s List)
Plans to extend gate hours at the ports of Los Angeles and Long Beach face hurdles with truckers, terminal operators and shippers. (Journal of Commerce)
China state-owned Cosco Shipping Ports took a minority stake in the Port of Hamburg’s HHLA Container Terminal Tollerort. (Splash 247)
Beleaguered Japanese shipbuilders are pinning hopes for a rebound on development of zero-emissions vessels. (Nikkei Asia)
Airfreight spot rates out of Asia have jumped to the highest levels this year. (Lloyd’s Loading List)
Truck drivers at Bangladesh’s Chittagong part are staging a 72-hour strike. (The Loadstar)
FedEx will spend over $100 million to reimburse contractors for adding warning sensors and cameras to delivery vehicles to help improve safety. (Bloomberg)
Battery Resources raised $70 million in a funding round backing its efforts to build a closed-loop lithium-ion battery materials supply chain. (TechCrunch)
Pennsylvania-based PLS Logistics Services acquired Overland Park, Kan.-based freight broker D&L Transport. (Business Journals)
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