Orders for U.S. manufactured goods rose a faster-than-expected 1% in October. (MarketWatch)
A measure of U.S. service-sector activity rose at a rapid pace in November. (MarketWatch)
European consumer spending fell 1.8% from September to October. (WSJ)
PepsiCo is laying off workers at the headquarters of its North American snacks and beverages divisions. (WSJ)
Foxconn’s revenue fell 11% from a year ago in November. (WSJ)
A traffic jam of oil tankers has built up in Turkish waters after Western nations capped the price of Russian oil. (Financial Times)
Japan's agricultural exports of products are on track to hit a record annual high. (Nikkei Asia)
U.S. steel imports rose 7.2% from September to October. (Recycling Today)
XPO Logistics will delay the divestiture of its European business due to weakened capital markets. (Transport Dive)
The price premium for diesel fuel over gasoline has expanded to as much as $2 per gallon. (Logistics Management)
General Motors opened a manufacturing plant in Canada for its BrightDrop electric delivery vans, with Deutsche Post DHL as its first customer. (Dow Jones Newswires)
DHL ordered 2,000 Ford electric delivery vans. (Forbes)
Container lines in the Ocean Alliance are shifting capacity from the Pacific amid stronger trans-Atlantic freight rates. (Journal of Commerce)
Container ship owner Seaspan is offering bondholders cash to avoid having to buy back its $300 million series bonds due in 2026. (TradeWinds)
Hong Kong-based Asia Maritime Pacific and Hamburg Bulk Carriers are merging into a single operator with 65 bulk vessels. (Ship Technology)
Spain’s Port of Valencia will spend $1.67 billion to build a fourth container terminal. (Port Technology)
Gap says its third-quarter operating margin improved in part because of lower airfreight rates. (Supply Chain Dive)
A Polar Air Cargo freight forwarding customer is suing the Atlas Air subsidiary for $6 million under racketeering allegations. (The Loadstar)
The U.S. Postal Service set Dec. 12 as the final day for delivery of letters to Santa Claus. (MassLive)
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