Yellow’s demise is giving the trucker’s former competitors a boost in a lean freight market. Companies including XPO, ABF Freight and Old Dominion Freight Line are reporting strong growth in pricing power, shipment volumes and other key measures during the most recent quarter, the WSJ Logistics Report’s Paul Berger writes, as Yellow’s business disperses across a range of operators and carriers hold the line on freight rates. That is making trucking’s less-than-truckload sector a haven this fall in a faltering freight business marked by sinking demand and meager pricing. Truckload carriers are declining, meanwhile, and some operators in that sector have fallen into the red. But ArcBest says average daily shipment count at its ABF Freight unit rose 20% in the third quarter from the second quarter while a key pricing measure grew 16%. XPO, now the third-largest LTL carrier, increased its daily shipment count 7.8% last quarter.

• Ground parcel rates fell in the third quarter for the first time since 2019. (Supply Chain Dive)

Toyota is making a big bet on production of hybrid automobiles in the U.S. The Japanese carmaker is adding $8 billion to its investment in a North Carolina facility, bringing total spending to $14 billion for an effort to create a sprawling hub for making batteries. The WSJ’s Sean McLain reports the 1,000-acre site is slated to hold 14 assembly lines producing batteries for hybrids, plug-in hybrids and fully electric vehicles. The move comes as the automotive sector’s drive to establish supply chains for fully electric vehicles is under scrutiny. Toyota’s decision to build plug-in hybrids and EV batteries on the same production line underlines its skepticism around demand for EVs, and it reflects industry concerns about weakening sales. Hybrids and EVs account for around a quarter of Toyota’s sales, but executives and dealers say demand for hybrids and plug-in hybrids is outstripping the company’s production capacity.

• BMW opened a battery-cell plant near Munich that combines engineering, purchasing and production. (Automotive Logistics)

New U.S. export controls may compel semiconductor giant Nvidia to cancel billions of dollars in next-year orders for its advanced chips to China. The move could deprive Chinese tech companies of crucial resources for development of artificial intelligence tools, marking a new and high-stakes example of how geopolitical battles are roiling global supply chains. The WSJ’s Raffaele Huang and Asa Fitch report that Santa Clara, Calif.-based Nvidia had already finished delivering orders of its advanced AI chips to China for this year and was pushing to deliver some 2024 orders in advance before the new rules were scheduled to come into effect. The U.S. government told Nvidia the new export restrictions on the sale of high-end chips to countries including China were instead effective immediately. A spokesman for Nvidia says the company is working to allocate its advanced AI computing systems to customers elsewhere and is pursuing additional supply.

China’s manufacturing activity fell back into contraction in October. (WSJ)

Combined eurozone economies fell by an annualized 0.4% in the three months through September. (WSJ)

Consumer prices are slowing more than expected in the eurozone. (WSJ)

Canada’s economy remained effectively stalled in the latest quarter. (WSJ)

Chrysler parent Stellantis says the strike by U.S. auto workers has cost it more than $3 billion in lost revenue. (WSJ)

The U.S. removed Uganda, the Central African Republic, Gabon and Niger from a preferential trade list. (Financial Times)

Workers at the St. Lawrence Seaway are trying to clear a backup of more than 100 ships after a weeklong strike by Canadian staffers. (Seatrade Maritime)

Ocean Network Express is projecting an operating loss over the rest of its fiscal year after second-quarter profit plummeted. (The Loadstar)

Rates for very large crude carriers jumped this week to a four-month high. (TradeWinds)

A study says rising numbers of extreme weather events are taking a bigger financial toll on shipping companies. (CNBC)

Japan's two biggest airlines posted a significant recovery in profits in the April-September period. (Japan Times)

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.