Factory activity in the U.S. rose in November and measures showed manufacturers’ order backlogs declining and supplier deliveries speeding up. (WSJ)
The Federal Reserve says U.S. economic growth advanced at a “modest to moderate” pace this fall as supply-chain issues and labor shortages weighed on expansion. (WSJ)
Growth in eurozone manufacturing activity stabilized in November following a four-month slowdown. (Dow Jones Newswires)
The OECD says the pickup in inflation rates around the world will be longer-lasting and sharper than previously anticipated. (WSJ)
U.S. benchmark oil prices dipped to their lowest closing price since August 20. (Dow Jones Newswires)
Contract semiconductor manufacturer GlobalFoundries swung to a third-quarter profit and its revenue rose 56%. (WSJ)
The chairman of A.P. Moller-Maersk and Siemens expects chaos in supply chains to persist through the middle of 2022. (CNBC)
Instacart plans to test delivery in 15 minutes or less to U.S. customers. (The Information)
Furniture companies face delayed orders and depleted inventories as factories in Vietnam work to ramp up production. (Supply Chain Dive)
Alphaliner says South Korea plans to privatize HMM next year after rescuing the container shipping line in 2016. (ShippingWatch)
Cargo salvage companies are seeing booming business as supply-chain snarls leave more goods abandoned at ports. (Bloomberg)
Freight forwarder Geodis bought France-based less-than-truckload carrier Transports Perrier. (Lloyd’s Loading List)
Blackstone Group bought a portfolio of logistics facilities from Cabot Properties for $2.8 billion. (Real Estate Weekly)
Mergers and acquisitions among industrial suppliers accelerated rapidly in November. (Industrial Distribution)
The former CFO of trucker Roadrunner Transportation was sentenced to two years in prison for his role in a securities and accounting fraud scheme. (Milwaukee Journal-Sentinel)
Authorities suspect a FedEx driver in Alabama dumped packages at a remote wooded site at least six times. (CNN)
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