Federal Reserve Bank of San Francisco President Mary Daly says interest rates will likely need to be raised further and stay higher for longer. (MarketWatch)
U.S. officials are growing concerned that Chinese-made cranes at American ports could give Beijing a spying tool. (WSJ)
Artificial intelligence and semiconductor executives in China are playing a bigger role at political meetings as Xi Jinping’s priorities shift amid rising competition with the U.S. (WSJ)
Officials are investigating why a Norfolk Southern train left a track near Springfield, Ohio, on Saturday, the company’s second derailment in the state in recent weeks. (WSJ)
The freight railcar that federal investigators say likely caused last month’s derailment in Ohio was handed off among four railroads before its fateful trip. (WSJ)
Amazon is pausing construction on its second headquarters project near Washington, D.C., as part of cost-cutting measures. (WSJ)
Caterpillar has agreed to not close additional union-represented plants under a new tentative contract deal with the United Auto Workers union. (WSJ)
Boeing denied its CEO a bonus, citing production issues. (WSJ)
Nordstrom is winding down and liquidating its operations in Canada under court protection, closing 13 stores and laying off about 2,500 workers. (WSJ)
A man survived at sea on a drifting sailboat for more than 20 days with nothing to eat but ketchup and seasoning. (WSJ)
Old Dominion Freight Line revenue fell in February as tonnage dropped. (Dow Jones Newswires)
Cars are giving the chip sector a boost as demand for other semiconductors uses wanes. (WSJ)
Ford Motor plans to increase production of six models this year, half of them electric. (Associated Press)
Chip supplier MKS Instruments expects at least a $200 million hit to revenue after a ransomware attack disrupted its supply-chain operations last month. (Supply Chain Dive)
Online grocery retailer Ocado is pausing the rollout of new distribution centers in the U.K. after reporting an annual loss the equivalent of $601 million. (The Guardian)
Lufthansa Cargo saw record revenue for the third year in a row, despite global trade demand falling 16% in December. (Air Cargo Next)
Environmental groups are calling on retailers like Walmart, Target and Home Depot to abandon polluting vessels. (Lloyd’s List)
CMA CGM reported a fourth-quarter profit of $3.04 billion, down 3.7% compared to the year-ago quarter. (TradeWinds)
DP World is investing $38 million at Brazil’s Port of Santos. (Splash 247)
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