More than two-thirds of the economists at 23 large financial institutions expect the U.S. to have a recession this year. (WSJ)
China’s manufacturing and service-sector activity plummeted in November to their lowest levels since February 2020. (WSJ)
U.S. pending home sales fell in November to the lowest level since April 2020. (MarketWatch)
Southwest Airlines is seeking to recover from widespread holiday-week service failures that prompted passenger outrage and government admonitions. (WSJ)
The U.S. barred imports from three companies authorities say could be using North Korean forced labor. (WSJ)
Qualcomm again slashed its outlook for smartphone shipments and handset chips. (WSJ)
Prospects for labor unrest at Vietnamese factories are growing heading into the Lunar New Year. (Nikkei Asia)
A new law in New York will require companies that operate distribution centers to be more transparent about their work requirements. (MarketWatch)
Instacart cut its internal valuation by 20% to about $10 billion. (The Information)
Ocean Network Express is acquiring controlling stakes in three container terminals at California ports. (Maritime Executive)
Container lines are slashing vessel speeds and sending ships on longer voyages to limit capacity. (TradeWinds)
U.S. maritime regulators ruled against Evergreen Marine in a case involving charges for detained containers. (Journal of Commerce)
The Port of Long Beach is ending its Covid vaccination program for seafarers working on ships calling at San Pedro Bay. (gCaptain)
DP World sold a minority stake in several of its Dubai assets to a Saudi Arabian investment group. (Splash 247)
Danish shipping company DFDS bought Northern Ireland-based McBurney Transport for about $168 million. (Belfast Telegraph)
Ireland’s Harland & Wolff shipyard slashed its revenue outlook on supply-chain constraints and inflation pressures. (Financial Times)
Private investment group Bluestem Equity acquired Louisiana-based heavy-haul trucker United Vision Logistics. (Commercial Carrier Journal)
Armstrong & Associates projects the big and bulky trucking segment will grow an average of 11.8% annually through 2025. (DC Velocity)
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