Initial unemployment claims in the U.S. ticked upward last week. (WSJ)
Cotton prices have fallen 47% since hitting an 11-year high in May. (WSJ)
Gasoline prices in the U.S. have fallen below the level of a year ago. (WSJ)
Miners are striking deals to sell lithium at prices that are adjusted more frequently. (WSJ)
A letter from Foxconn’s founder played a major role in persuading China’s leadership to loosen the country’s strict Covid policies. (WSJ)
Car dealers say demand for new vehicles may be slipping. (WSJ)
Tesla sold a record of more than 100,000 China-made electric vehicles in November. (WSJ)
Meal-kit company Blue Apron plans to lay off about 10% of its corporate workforce and cut spending. (WSJ)
Industrial conglomerate Tata Group plans to start making semiconductors in India within a few years. (Nikkei Asia)
South Korea’s Hyundai Motor and SK Innovation will build a large electric-vehicle battery plant northwest of Atlanta. (Reuters)
The U.S. Defense Department gave a $50 million contract to self-driving truck startup Kodiak Robotics to automate military vehicles. (CNBC)
Victoria’s Secret is shifting goods from air to ocean as container rates fall. (Supply Chain Dive)
Large mining companies are holding production guidance steady for the coming year. (Lloyd’s List)
Mediterranean Shipping will use Belgium’s Liege Airport as its hub for air cargo operations. (Air Cargo World)
Less-than-truckload rates are holding steady despite falling freight volumes. (Journal of Commerce)
Swedish autonomous truck maker Einride raised $200 million in Series C equity backing and $300 million in debt funding. (TechCrunch)
California-based Pactum raised $20 million from investors including Maersk Line’s venture arm to support its software automating supplier negotiations. (Bloomberg)
Supply-chain issues have left the U.S. Marine Corps without various items for uniforms. (Marine Times)
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