The Japanese yen hit its weakest level against the dollar since July 1990. (WSJ)
A measure of U.S. consumer confidence dipped in March to a four-month low. (MarketWatch)
China’s industrial profits swung to 10.2% growth in the first two months of 2024. (WSJ)
The Biden administration will enlarge a list of companies under an import ban because of their alleged ties to forced labor in China. (WSJ)
McCormick & Co.’s quarterly sales revenue rose as higher prices offset declining volume. (WSJ)
South Korea’s SK Hynix is looking into building a $4 billion U.S. chip packaging plant. (Nikkei Asia)
British car exports to Canada are facing tariffs of more than 6% within days under an increasingly acrimonious trade dispute. (Financial Times)
Apple’s iPhone shipments in China fell by about a third in February. (South China Morning Post)
United Parcel Service plans to close about 200 facilities in the U.S. as it consolidates package volumes at automated hubs. (Supply Chain Dive)
Amazon says it spent about $1.2 billion last year combating counterfeit goods. (Modern Retail)
A federal judge dismissed Yellow’s suit against the Teamsters union over the company’s shutdown last year. (Commercial Carrier Journal)
Australian authorities are investigating the latest instance in which large numbers of cattle have died on a live export vessel. (Maritime Executive)
Maersk and DSV are among seven to 10 companies that have submitted non-binding offers for freight forwarder DB Schenker. (ShippingWatch)
Loaded container imports at South Carolina’s Port of Charleston increased 11% year-over-year in February. (Port Technology)
Tanker operator TEN’s net profit rose nearly fivefold in the first half of the fiscal year to $237.2 million. (Lloyd’s List)
Rail boxcar suppliers are asking regulators to change compensation rules to avert a potential shortage of the freight equipment. (Progressive Railroading)
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