U.S. existing-home sales fell 17.8% last month, concluding the weakest year for sales since 2014. (WSJ)
Core consumer-price inflation in Japan reached a 41-year high. (WSJ)
Ericsson says telecom operators in markets including the U.S. are delaying placing new orders for 5G gear. (WSJ)
Paint and coatings manufacturer PPG Industries anticipates a second Covid-19 wave to disrupt its China business. (WSJ)
The Justice Department is investigating conduct at the Abbott Laboratories infant-formula plant that led to its shutdown last year. (WSJ)
British retail sales fell in December at the steepest pace in records going back to 1997. (Reuters)
A bumper wheat crop in Australia is fueling more exports to China and other Asian nations. (Nikkei Asia)
Industrial components maker Timken is closing its plant in Gaffney, S.C. (Columbia State)
Industrial parts supplier Fastenal’s fourth-quarter sales rose 10.7%, the slowest pace in 2022. (Industrial Distribution)
A measure of spot rates for bulk shipping’s largest capesize vessels fell to just above operating expense levels. (TradeWinds)
Bad weather has led to a backup of about 55 bulk vessels off Australia’s main coal hubs. (Lloyd’s List)
A Turkish shipyard has started construction of a sail-powered cargo vessel for CMA CGM-backed Neoline Armateur. (Splash 247)
Cathay Pacific’s cargo volume fell 21% in December from the year before and was 40% below the December 2019 level. (Air Cargo News)
The European Commission is investigating France’s financial support for the freight business at state rail operator SNCF. (Railway Gazette)
Lowe’s opened two large warehouses outside Wilkes-Barre, Pa., to hold imported goods for later distribution. (Scranton Times Tribune)
Cook County, Ill., leaders are concerned that Amazon has pushed back the opening of a large distribution center outside Chicago. (WLS)
Dairy company Danone wants to reduce methane produced in its milk supply chain by 30% by 2030. (Dairy Reporter)
|