The investments that Western companies have made in Russia in the past three decades are starting to unravel. Daimler Truck Holding and the truck-making Volvo business were among firms saying they are halting operations in Russia, the WSJ’s William Boston and Alistair MacDonald report, as a broad withdrawal from oil suppliers to car manufacturers accelerates following Moscow’s attacks on Ukraine. The rapid retrenchments are a dramatic change from investments companies have made in recent years, as big energy firms, brewers and car makers set down deep roots in Russia to tap millions of new consumers and vast natural resources. Companies are navigating fast-developing sanctions and digging into their operations. Daimler Trucks is suspending parts deliveries to its Russian partner Kamaz. For car markers including Volkswagen, Nissan and Renault, the withdrawals follow years of disappointment in which auto sales in Russia have declined under the country’s economic woes.

Here are other recent developments following Russia’s invasion of Ukraine:

• Talks between Russia and Ukraine on a potential cease-fire ended without an agreement as Moscow intensified its assault.
• The U.S. and other major oil-consuming nations are considering releasing oil from their emergency stockpiles as crude futures prices surge past $100 a barrel.
• Russia’s currency fell at a double-digit pace.
• Russia extended its ban on the use of its airspace to cover 38 countries.
• Container carrier Ocean Network Express halted bookings to Russian destinations, including St. Petersburg.
• Trucker Landstar says the fallout from fighting in Ukraine could cost the company $100 million in lost revenue.
• Ukrainian authorities said Russian forces destroyed the Antonov AN-225 six-engine freighter at the Kyiv airport.

For the latest updates from Russia and Ukraine, click here.

The Russian attack on Ukraine could disrupt global supply chains for crucial materials in the manufacture of semiconductors. Any disruptions in the supplies of neon gas and the metal palladium would hit sectors already reeling from declining inventories of chips, the WSJ’s Suman Bhattacharyya reports, adding a high-tech component to the impact the conflict is having on global commodities markets. Russia and Ukraine produce up to half the world’s supply of semiconductor-grade neon, which is used in lasers that help in the design of chips. Some 37% of the world’s palladium production comes from Russian mines, and the metal is used in sensor chips and certain types of computing memory. Market-research firm Techcet CA says a prolonged war could disrupt shipping, driving up prices and pushing manufacturers to seek other sources. Switching supply chains would take time, however, and add expenses, particularly for smaller manufacturers.

The prospect of self-driving trucks may accelerate a land grab for logistics operations near big cities. Philadelphia-based real-estate investor Alterra Property Group just struck a deal with startup Embark Trucks, the WSJ’s Konrad Putzier reports, with plans to buy properties across the U.S. to serve as transfer hubs. That signals new competition for industrial space near population centers, where demand is already strong as retailers and logistics providers build more fulfillment centers to get closer to e-commerce customers. That includes undeveloped, outdoor sites suitable for truck operations. But that land is scarce and expensive, and the proliferation of trucks and warehouses is drawing opposition in some communities. Autonomous-truck companies like Embark need the sites to park their vehicles after highway runs and switch to vehicles more suited to smaller streets. Investors so far have mostly neglected industrial outdoor storage facilities, but self-driving trucks could change that.

A range of U.S. data suggests U.S. economic activity picked up in recent weeks. (WSJ)

U.S. goods imports rose 1.8% in January as the trade deficit reached a record high for the second straight month. (MarketWatch)

India’s economy grew a disappointing 5.4% in the December quarter. (WSJ)

A barometer of business activity in the Chicago area fell to an 18-month low. (MarketWatch)

Toyota suspended production at all 14 of its factories in Japan after a supplier suffered a potential cyberattack. (WSJ)

A panel of scientists said extreme weather events are more frequent and more severe than experts had predicted several years ago. (WSJ)

Chevron is buying biofuels company Renewable Energy Group for $3.15 billion. (WSJ)

Electric car maker Lucid cut its 2022 vehicle-production target on supply-chain constraints and logistical challenges. (WSJ)

Grocer Albertsons Cos. has started a strategic review to consider potential transactions and other moves. (WSJ) 

Walmart says the third-party fulfillment business it launched two years ago is growing rapidly. (Retail Dive)

The Suez Canal is raising transit fees by up to 10%, with the steepest increases hitting high-earning container ships. (Lloyd’s List)

Dwell times for containers at the congested Port of Houston have stretched to 11 days. (Houston Chronicle)

Southeast U.S. ports formed a new chassis pool aimed at upgrading the trucking equipment. (Journal of Commerce)

Port terminal operator DP World is expanding its inland distribution in Europe with new rail connections into Germany. (The Loadstar)

P&O Maritime Logistics modified a multi-purpose cargo vessel to carry only containers. (ShippingWatch)

GXO Logistics concluded an agreement to buy Clipper Logistics for about $1.3 billion. (Dow Jones Newswires)

Air Canada plans to add three freighters to its fleet in 2022. (Supply Chain Dive)

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

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