The Federal Reserve raised its benchmark interest rate another quarter-percentage point while signaling growing uncertainty over future increases. (WSJ)
European officials rolled out proposals aimed at forcing companies to back up environmental and sustainability claims with scientific evidence. (WSJ)
Norfolk Southern CEO Alan Shaw told a congressional panel the railroad’s stock buybacks haven’t left the carrier short of funds for safety improvements. (Bloomberg)
The finance heads of the world’s largest commodity trading houses expect to report record profits for 2022. (Financial Times)
Shipping supplies company Uline is seeking to build a 1.4 million-square-foot distribution center in Kenosha, Wis. (Kenosha News)
Alphaliner says Maersk Line has idled 29 ships with total capacity of more than 281,000 20-foot containers. (The Loadstar)
Delivery slots at China’s three major shipyards are filled into 2027. (Seatrade Maritime)
Rates for bulk shipping’s largest capesize vessels are declining on reduced steel output from China. (TradeWinds)
Five shipping groups are seeking common action to set safety standards for the transport of lithium-ion batteries. (Splash 247)
Southeast Asian logistics provider Ninja Van’s net loss more than doubled to about $181.5 million in its most recent fiscal year. (DealStreetAsia)
Federal authorities recovered $1.1 million from two San Diego-area logistics companies found to be underpaying workers. (Industrial Distribution)
Ralph L. Roberts, founder of less-than-truckload company R+L Carriers, died this month at 77. (Truckers News)
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