Construction of new homes in the U.S. fell 0.5% from October to November. (MarketWatch)
3M says it will stop making so-called forever chemicals and seek to discontinue their use across its manufacturing operations. (WSJ)
The U.S. Postal Service plans to start buying only electric vehicles for its delivery fleet starting in 2026. (WSJ)
The Biden administration delayed rules for new tax incentives for electric vehicles, following strong pushback from allies. (WSJ)
Nike’s quarterly sales rose 17% while inventories jumped 43%. (WSJ)
General Mills raised its 2023 outlook after raising prices and reporting stronger sales. (WSJ)
U.S. average national diesel prices have fallen nearly 74 cents a gallon since the first week of November. (Logistics Management)
U.S. rail regulators adopted streamlined rules designed to make it easier for shippers and railroads to settle disputes in smaller rate cases. (Trains)
Container shipping’s THE Alliance members plan to deploy their largest new vessels on Asia-Europe routes starting in April. (The Loadstar)
Maersk Line is preparing contingency plans to avoid disruptions amid contentious contract talks with workers at the Port of Rotterdam. (Port Technology)
Shipowner Diamantis Diamantides sold four 18-year-old mid-sized tankers for a total of $140 million. (TradeWinds)
United Maritime sold a mid-sized tanker for twice what it paid for the vessel earlier this year. (Lloyd’s List)
South African logistics operator Transnet and minerals shippers will cooperate in an effort to solve persistent bottlenecks. (News24)
A group led by Xpediator’s founder is bidding to buy out the U.K. trucking and logistics operator. (Motor Transport)
Siemens Logistics named Michael Schneider to replace Michael Reichle as CEO. (Modern Materials Handling)
Swiss watch exports jumped to a record high in November as shipments to the U.S. and Qatar offset slumping demand in China. (Bloomberg)
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