A longshot effort to revive Yellow is in the hands of the bankrupt trucker, along with Yellow’s major creditors. Sarah Riggs Amico, executive chair of auto carrier Jack Cooper Transport, is leading a bid submitted to Yellow this week that would take on the collapsed company’s terminals and equipment and run the business as a smaller, unionized operator. The WSJ Logistics Report’s Paul Berger writes the last-ditch bid comes as Yellow’s real estate is being auctioned this week while the trucker is already deep in the process of selling off tens of thousands of trucks and trailers. Amico’s bid includes $1.1 billion in financing, along with requests to major creditors. Her group wants the federal government to push back repayment of a pandemic-era loan. But a person familiar with the request says the Treasury Department believes it can’t modify the loan without new authority from Congress.

Containership operators are bracing for the sector’s own version of the supply chain bullwhip effect. A crush of new vessels ordered amid booming demand during the pandemic is hitting the water just as business is turning downward and freight rates are sinking. The WSJ’s Costas Paris reports that ship builders have orders totaling about 26% of the world’s containership capacity, with deliveries of the vessels peaking over the next two years. Shipowners now face tough talks with cargo owners in the coming months as they seek long-term contracts at rates less than half of what they were last year. The weaker market has cut freight costs for big retailers and some are actively negotiating to lower prices agreed to under long-term freight contracts signed when rates were higher. Average three-month rolling contracts for 2024 now are being settled at around $2,000 per box, down from $6,000 this year.

The bankruptcy estate of Bed Bath & Beyond is making a big run at the shipping business. The remnants of the company filed the largest-ever case at the Federal Maritime Commission, the WSJ’s Costas Paris reports, seeking more than $300 million from Mediterranean Shipping for allegedly overcharging to move its cargo during the pandemic. The complaint is the latest in a series of cases at the regulator over the widespread disruptions and skyrocketing rates that roiled the shipping sector during the pandemic. Some retailers have won judgments, and Bed Bath & Beyond has brought similar but much smaller claims against Taiwan’s Yang Ming and Hong Kong-based OOCL. The claim by the bankrupt estate, which changed its legal name to DK Butterfly, has an added wrinkle. The estate is seeking around $150 million for damages and an equal sum for what it describes as exploitative and coercive behavior.

U.S. goods imports by value were roughly flat in October while exports slipped 1.7% from September. (MarketWatch)

U.S. third-quarter economic growth was revised upward to 5.2% but consumer spending was revised downward. (MarketWatch)

The United Auto Workers launched one of the largest organizing drives in its history with campaigns at 13 automakers. (WSJ) 

OPEC and its Russia-led allies are considering new oil production cuts of as much as 1 million barrels a day. (WSJ)

EIG Global Energy Partners is closing in on a deal for a liquefied natural gas asset worth several billion dollars, as it raises bets on demand for the fuel amid a reordering of energy supply chains triggered by Russia’s invasion of Ukraine. (WSJ)

Industrial manufacturing company Textron is cutting about 725 jobs, or about 2% of its global workforce. (WSJ)

Chemours, DuPont and Corteva will pay Ohio $110 million to resolve claims associated with so-called forever chemicals. (WSJ)

Renault is moving ahead with publicly listing its electric-car unit even as some analysts question the plan. (WSJ)

China opened its first International Supply Chain Expo vowing to build closer supply chain ties despite “de-risking” moves from Western economies. (South China Morning Post)

Walmart is importing more goods into the U.S. from India and reducing its reliance on Chinese suppliers. (Reuters)

Rural U.S. post offices are being told to prioritize Amazon packages in sorting, delaying crucial mail to residents. (Washington Post)

The U.K.’s competition watchdog says grocery suppliers are contributing to inflation by raising their prices by more than their costs. (Financial Times)

Teamsters-represented DHL workers at the carrier’s Cincinnati airport hub are threatening a strike. (City Beat)

Dollar Tree is considering closing some stores in its Family Dollar business. (Retail Dive)

Intermodal specialist Hub Group named Kevin Beth to succeed Geoffrey DeMartino as CFO effective Jan. 1. (Dow Jones Newswires)

Canadian National Railway is setting plans for an intermodal hub in Grundy County, Ill., southwest of Chicago. (Shaw Local News)

Montreal-based Canada Cartage entered the U.S. with the acquisition of logistics operator GTI. (Commercial Carrier Journal)

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 X at @WSJLogistics.