Growth in U.S. wholesale inventories accelerated to 2.2% in December. (Dow Jones Newswires)
The U.S. House passed legislation designed to keep the U.S. Postal Service financially viable, including repealing a mandate to prefund retiree health benefits. (WSJ)
Uber Technologies’ fourth-quarter revenue jumped 83% and Freight segment revenue including the Transplace acquisition reached $1.1 billion. (WSJ)
CVS expects the boost from Covid-19 vaccinations to wane after overall sales surged 13.4% in the fourth quarter. (WSJ)
Bondholders for aerospace parts distributor Incora have hired a law firm to engage the company about how to restructure $2 billion of debt. (WSJ)
Intra-regional trade in Asia-Pacific economies grew more than 31% in the first three quarters of 2021. (Bloomberg)
U.K. regulators said Amazon must comply with rules governing the way supermarkets treat their suppliers. (Financial Times)
The Japanese arm of logistics investment company GLP will invest $8.7 billion in facilities across the nation. (Nikkei Asia)
Drewry Shipping Consultants says container shipping capacity expanded by 14% last year to a record high. (The Loadstar)
South Carolina’s Port of Charleston says it will take until mid-March to clear a backlog of nearly 20 container ships. (Journal of Commerce)
Freight rates for Europe-bound liquefied natural gas shipments have fallen into the red. (Lloyd’s List)
Hub Group expects to see its freight prices continuing to rise faster than costs this year. (Dow Jones Newswires)
Indian business-to-business e-commerce firm ElasticRun raised $300 million in a funding round led by Softbank at a $1.5 billion valuation. (Economic Times)
Indian logistics startup Xpressbees raised $300 million in a funding round that tripled its valuation to $1.2 billion. (TechCrunch)
E-commerce fulfillment specialist Bringg acquired Salesforce-owned parcel and returns delivery provider Zenkraft. (Logistics Management)
The private equity owners of Scan Global Logistics are reportedly putting the Danish freight forwarder up for sale. (ShippingWatch)
Retail and logistics companies are hiring more people with disabilities to fill openings along supply chains. (Supply Chain Dive)
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