A.P. Moller-Maersk’s latest results offer a warning sign for other container lines, and a measure of hope for price-weary shippers. The Danish shipping giant sent investors into retreat after Maersk forecast a profit drop of up to 90% for 2024. The WSJ’s Megha Mandavia writes in a Heard on the Street column that the culprit is a looming wave of new container capacity poised to hit the water amid still-weak global trade demand. Freight rates have recovered recently from a slide as the crisis in the Red Sea has swallowed up capacity. But new container capacity equal to about 11% of the current fleet is due to enter the seas, says DNB, while Maersk expects global container volumes to grow 2.5% to 4.5% in 2024. Even under generous assumptions, the relentless arrival of vessels ordered during the pandemic-era trade boom will overwhelm the tailwinds from Red Sea disruptions.

• Maersk says it would now consider making an offer for top-tier freight forwarder DB Schenker. (Air Cargo News)
• Toll fees at the Suez Canal have plummeted 40% since the Red Sea crisis began last November. (TradeWinds)

Amazon’s biggest new competitors are looking to take more than market share from the e-commerce giant. Fast-fashion retailer Shein and TikTok’s shopping unit are expanding right in Amazon’s backyard, the WSJ’s Sebastian Herrera and Shen Lu report, and they're seeking to poach the company’s employees as they build out workspaces in the same Seattle-area office tower. The move into Amazon’s base represents a new front in what has grown into one of the online retailer’s greatest threats. The two companies are focused on a region that has become a hub for logistics talent as they recruit current and former Amazon employees and expand their U.S. logistics and supply-chain operations. Shein is just getting started, with a goal of setting up what will be a major logistics hub. The growing TikTok staff at the same office tower includes roles in logistics and e-commerce, including dozens of ex-Amazon employees.

• Alibaba is putting a planned initial public offering of its Cainiao logistics affiliate on hold. (Nikkei Asia)
• U.K. parcel delivery firm Yodel is looking for a buyer and may seek administration if it can’t strike a deal. (The Telegraph)

Consumer prices in China fell in January at the steepest pace in more than 14 years. (WSJ)

Wholesale inventories in the U.S. rose 0.4% in December. (MarketWatch)

The International Trade Commission rejected a proposal to raise U.S. tariffs on tinplate steel imported from China, Germany, Canada and South Korea. (WSJ)

China’s automotive exports jumped 51% in January. (WSJ)

Quarterly sales volume at consumer-goods supplier Unilever expanded for the first time in two years. (WSJ)

Charities controlled by several billionaires were key funders of a successful campaign to pressure President Biden to pause approvals of new liquefied natural gas export terminals. (WSJ)

The Panama Canal sees no need for further vessel transit restrictions until at least April. (Reuters)

Apparel retailer Primark opened a 550,000-square-foot distribution center outside Jacksonville, Fla., as part of a U.S. expansion plan. (Jacksonville Daily Record)

The Port of Mobile, Ala., will work with CSX to build an inland container handling station in the northern part of the state. (Journal of Commerce)

Paper and packaging group Mondi is exploring the acquisition of its U.K. rival DS Smith. (Financial Times)

Supply chain technology provider Blue Yonder acquired German transport planning and execution software supplier flexis. (Sourcing Journal)

A South Korean court sentenced the CEO of Polaris Shipping to three years in jail over the 2017 sinking of the bulk carrier Stellar Daisy. (Splash 237)

• Sunday’s Super Bowl ads will share one thing in common: An even deeper-than-usual desire by marketers to avoid offending anybody.
• Finance chiefs are taking advantage of favorable conditions in the bond market while they last.
• Adam Neumann is trying to buy back WeWork as creditors consider a sale.
• Corporate America’s diversity initiatives aren’t dead, but the prescription has changed.

Paul Page is editor of WSJ Logistics Report. Reach him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on X at @WSJLogistics.