The share of food costs in Americans’ household spending has increased to the highest level in 30 years. (WSJ)
Electric-vehicle maker Rivian will lay off 10% of its salaried workforce and expects vehicle output to be flat this year. (WSJ)
Amazon is replacing Walgreens in the Dow Jones Industrial Average of 30 blue-chip stocks. (WSJ)
The Boeing executive in charge of the factory that built the jet involved in last month’s door-plug blowout is leaving the company. (WSJ)
Glencore’s earnings fell by half to about $17.1 billion on falling coal prices. (WSJ)
Growing industrial demand is helping China’s miners withstand the slump in the country’s property sector. (WSJ)
Rio Tinto approved a $20 billion iron ore mining, rail and port project in West Africa that will include several partners from China. (Financial Times)
California’s Inland Empire logistics sector has fallen into a slump, with warehousing jobs contracting for the first time in more than two decades while industrial vacancies are rising and rents are dropping. (Los Angeles Times)
United Parcel Service added facilities in New York, Rhode Island and Virginia to sites where it is shrinking package sorting operations. (Supply Chain Dive)
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is triggering high air cargo demand and strong competition for the hefty volumes. (Reuters)
Taiwanese startup Starlux Airlines ordered five Airbus A350 freighters to launch its cargo operation. (Aviation Week)
U.S. container imports from Asia by volume rose 16% in January, the fourth straight increase. (Journal of Commerce)
Fourth-quarter profit at Hawaii-based container line Matson fell 20% to $62.4 million. (TradeWinds)
Shoe supplier Skechers is opening a highly-automated distribution center in Tokyo. (Sourcing Journal)
Ryder System opened a large multiclient warehouse and cross-dock facility in Laredo, Texas. (FleetOwner)
A federal jury convicted the former finance chief at a National Air Cargo subsidiary and his wife of defrauding the business of $5 million. (The Loadstar)
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