The Logistics Report won’t publish Monday, Jan. 16, in observance of Martin Luther King Jr. Day. We’ll return to your inbox on Tuesday, Jan. 17.

China is looking to restart its coal-imports supply chain but it’s unclear how soon ships may start moving again. Beijing has effectively ended a ban on Australian coal that has been a centerpiece of a diplomatic dispute over more than two years. The WSJ’s Rhiannon Hoyle, Keith Zhai and Sha Hua report that customs authorities in the Guangdong province received notice they could start clearing Australian coal shipments, about a week after large state-owned companies were told they could buy the commodity again. The coal ban reshaped energy markets and showed how Beijing’s efforts to use its economy as a foreign-policy tool can have limits. Australian miners painstakingly stitched together new supply chains and customer relationships which they will be reluctant to give up. One official says suppliers are wary of exposing themselves to new potential disruptions. “We have seen what happened,” he said, “and it could happen again.”

• The Baltic Dry Index measuring bulk shipping rates posted its worst day since the start of this year. (Reuters)

The world’s largest contract semiconductor maker is slimming down its ambitious supply-chain plans as it adjusts to weaker demand. Taiwan Semiconductor Manufacturing is cutting its capital-spending budget from last year and warning its revenue could drop as much as around 5% in the current quarter. The WSJ’s Yang Jie reports the outlook from Taiwan-based TSMC underscores the headwinds in the key sector behind electronics and technology production after a period of strong expansion. TSMC is projecting a sharp drop in inventory in semiconductor supply chains through the first half of this year. That casts a new cloud over airfreight businesses that move the high-value microprocessors and have seen demand recede since the summer. TSMC is still growing as it resets its supply chain, however. The company is in the midst of a global expansion, and it says it is now considering building a second factory in Japan.

• Worldwide personal-computer shipments dropped nearly 29% in the fourth quarter, the largest quarterly decline since the mid-1990s. (WSJ)

Automotive supply chains are slowly getting back in gear. Volkswagen just reported its lowest annual sales in more than a decade, the WSJ’s William Boston reports, as global disruptions led to factory closures in Europe and China and parts were tied up in continuing bottlenecks. The disruptions were mostly concentrated in the first half of the year, when sales declined 22%, but sales regained more recently some traction as supply-chain constraints began to ease. VW’s Traton truck business and its Navistar U.S. truck unit defied the trend with rising sales. Business in the burgeoning electric-vehicle sector faces separate challenges. Startup Lucid surpassed its production target for 2022, but only got about 60% of its vehicles into the hands of buyers because of logistics issues. The WSJ's Sean McLain writes the gap underlines a key challenge for the upstart manufacturers as they build direct-sales models.

• A trade panel backed Mexico and Canada in a dispute with the U.S. over rules to calculate regional content required for tariff-free automotive imports. (WSJ)

Apple plans to shift big parts of its production of consumer electronics out of China. But the company faces challenges in shifting its expansive, high-value supply chain for iPhones, iPads and other products. Apple says about 150 of its more than 180 suppliers operate in China, for instance, versus 26 in Vietnam and 11 in India. In a WSJ video, we explore why it’s difficult to replicate Foxconn’s "iPhone City" in Zhengzhou and the company’s finely-tuned ecosystem in countries like India and Vietnam.

U.S. inflation eased in December for a sixth straight month. (WSJ)

Consumer inflation in China picked up in December and is expected to accelerate further. (WSJ)

New U.S. jobless claims slipped in the past week. (WSJ)

U.S. climate scientists say the world’s oceans absorbed record amounts of heat from the atmosphere last year. (WSJ)

American Airlines raised its revenue guidance for the just-ended fourth quarter. (WSJ)

Missouri Republican Rep. Sam Graves was named chairman of the House Transportation and Infrastructure Committee. (Progressive Railroading)

Customer-relationship software group Salesforce will use Walmart for pickup and delivery on its retail commerce platform. (Reuters)

Several big ship insurers are seeking double-digit rate increases this year. (Lloyd’s List)

Commodities giant Cargill and trading house Mitsui & Co. ordered two methanol-fueled bulk carriers from Japan’s Tsuneishi Shipbuilding. (Splash 247)

Container lines are seeing resilient demand in Asia-Mediterranean trade lanes. (The Loadstar)

Greek ship owner Tsakos is switching orders for two new container ships to mid-sized tankers. (TradeWinds)

A U.K. ship pilot died in an accident as he attempted to board a larger vessel. (gCaptain)

Spot prices for jet fuel in the U.S. rose 38% in December from the year before to $2.89 per gallon. (Air Cargo World)

FedEx feeder airline Mountain Air Cargo is adding the new Cessna 408 SkyCourier aircraft capable of carrying airfreight containers. (Supply Chain Dive)

Barely more than a third of grocers in a survey said their e-commerce operations could adequately handle online fulfillment. (Progressive Grocer)

Makeup seller Morphe’s parent Forma Brands filed for bankruptcy protection and is closing all its U.S. stores. (Allure)

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

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on Twitter at @WSJLogistics.