Global crude prices are at their highest levels in seven years on concerns that geopolitical tensions threaten supplies. (WSJ)
New forecasts suggest it will take at least two years before global unemployment falls back to pre-pandemic levels. (WSJ)
A measure of factory activity in the state of New York contracted for the first time in 20 months. (MarketWatch)
J.B. Hunt’s fourth-quarter revenue jumped 28% to $3.5 billion and profit expanded 57% to $242.2 million. (Dow Jones Newswires)
Exxon Mobil is pledging to reduce or offset greenhouse-gas emissions from its operations to zero by 2050. (WSJ)
The U.S. is investigating a Chinese investment in an aircraft startup following allegations of improper technology transfer to China. (WSJ)
Canada is importing barley from Europe after drought decimated one of its own major export crops. (Bloomberg)
South Korea is fining 23 container shipping lines a total of about $81 million for allegedly fixing prices over 15 years. (Lloyd’s List)
The global fleet of crude and product ocean tankers increased 2.7% last year. (Shipping Watch)
Canada’s Port of Vancouver is pushing back a plan to bar older trucks from serving the port. (Maritime Executive)
Shippers in a survey expect high less-than-truckload rates to persist through March. (Supply Chain Dive)
XPO Logistics is adding facilities and technology to its less-than-truckload network to reduce reliance on third-party operators. (Journal of Commerce)
Freight transport visibility provider FourKites acquired Germany-based supply-chain visibility provider NIC. (Logistics Management)
France-based Exotec raised $335 million in a Series D funding round that values the warehouse robotics company at $2 billion. (Modern Materials Handling)
Indian logistics automation platform 7bridges raised $17 million in a Series A funding round that includes Maersk Growth. (TechCrunch)
Cargo tonnage at Germany’s Frankfurt Airport rose 18.7% last year and was up 8.9% over 2019. (Air Cargo News)
European airlines are operating thousands of nearly-empty flights this winter to preserve takeoff and landing slots at airports. (CNBC)
|