Producer prices for industrial products in Germany rose in October at the fastest annual pace since 1951. (WSJ)
Teamsters members elected Sean O’Brien by a wide margin to replace James P. Hoffa as the union’s general president. (WSJ)
The U.S. Department of Transportation awarded $1 billion in infrastructure grants that signal Biden administration spending priorities. (WSJ)
Ford and Rivian Automotive scrapped plans to work together to develop an electric vehicle. (WSJ)
Alibaba cut its revenue-growth forecast for the year to 20% to 23% from an earlier 30%. (WSJ)
Some highways in flooded areas of British Columbia reopened but truck operations were restricted as the region braced for more rainfall. (Vancouver Sun)
President Biden plans to nominate two replacements for key allies of Postmaster General Louis DeJoy on the Postal Board of Governors. (Washington Post)
BMW is adding a $100 million logistics center as part of an expansion of its Spartanburg, S.C., manufacturing operation. (WSPA)
Apparel retailer L.L. Bean expects its inventories to run low by mid-December. (Bangor Daily News)
A trip from Alabama to California shows the fragile state of U.S. supply chains. (Los Angeles Times)
Alibaba is buying a 10% stake in Shanghai-based, state-owned ride-hailing venture Letzgo. (Caixin Global)
FedEx began locking out drivers in an escalating labor dispute in Australia. (Financial Review)
The chief executive of U.K. logistics giant Wincanton expects the shortage of trucking and warehouse workers to last well into next year. (Financial Times)
Third-quarter revenue at France’s CMA CGM doubled from a year ago to $12.5 billion even as shipping volumes fell 2.5%. (Lloyd’s List)
Norwegian fertilizer producer Yara began operating an autonomous, electric-powered vessel for regional container service. (gCaptain)
A.P. Moller-Maersk issued about $564 million in green bonds to finance acquisition of methanol-fueled ships. (Ship & Bunker)
CMA CGM ordered four Airbus A350 freighters for its nascent air cargo operation. (FlightGlobal)
Mammoth Freighters will convert 777 passenger jets to freighters for Canadian operator Cargojet. (The Loadstar)
Vehicle leasing provider Merchants reserved 5,400 electric delivery vans from the General Motors BrightDrop division. (DC Velocity)
|