Japan’s economy rebounded with 1.3% growth in the fourth quarter. (WSJ)
Intel is close to a deal to buy Israeli chip company Tower Semiconductor for nearly $6 billion. (WSJ)
Lockheed Martin has scrapped plans to buy Aerojet Rocketdyne amid pressure from antitrust regulators over the proposed $4.4 billion deal. (WSJ)
Blackstone is selling its Mileway European last-mile logistics properties fund into a new Blackstone group that values the fund at $24 billion. (WSJ)
The U.S. suspended imports of Mexican avocados after an inspector in Mexico's principal producing state received a threatening phone call. (WSJ)
DoorDash will raise its fees on McDonald’s restaurants that are slow to prepare orders in a push to improve efficiency and cut losses. (WSJ)
3M says reduced demand for medical masks will slow its sales growth this year. (WSJ)
Sales of electric vehicles more than doubled in 2021 and China accounted for roughly half of EV sales. (Dow Jones Newswires)
China-based Apple supplier Luxshare Precision Industry is forming a joint venture to develop and make electric vehicles as a contract manufacturer. (Nikkei Asia)
Contract manufacturer Foxconn will make semiconductors in India under a new joint venture. (Economic Times)
Vietnam is keeping factories open even as the country reports record Covid-19 cases. (Reuters)
Bulk and crude exports from Black Sea ports are plummeting this month amid reports of an imminent Russian invasion of Ukraine. (Splash 247)
Robert Maersk Uggla, 43, will become chairman of A.P. Moller-Maersk and Jim Hagemann Snabe will step down as head of the maritime giant’s board. (Seatrade Maritime)
South Korean container line HMM’s net profit increased 40-fold last year to $4.4 billion as sales more than doubled to $11.5 billion. (The Loadstar)
A backup of about a dozen ships has formed off the Port of Virginia after weather-related closures. (Journal of Commerce)
Scorpio Tankers swung to a $234 million net loss in 2021. (ShippingWatch)
Crew abandonment cases in shipping more than doubled last year and are on track to exceed that level in 2022. (Lloyd’s List)
U.S. regulators are considering speeding up the process for issuing commercial driver’s licenses. (Logistics Management)
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