Speculation about a takeover of one of the nation’s largest less-than-truckload carriers is rumbling across the trucking sector. ArcBest Chief Executive Judy McReynolds says she, like most everyone else, learned that Canadian trucker TFI International had taken a 4% stake in her company via TFI’s earnings call earlier this month. The WSJ Logistics Report’s Liz Young and Paul Berger write that TFI’s disclosure prompted speculation that the trucker is maneuvering to take over its Fort Smith, Ark.-based rival. Acquisition-minded TFI has grown significantly, most recently via the purchase of less-than-truckload carrier UPS Freight. TFI’s CEO and President Alain Bédard said on the call that he is looking for opportunities to work with ArcBest. Analysts believe an acquisition would make sense. It would marry two unionized, less-than-truckload businesses and provide lots of opportunity for cost savings. Ms. McReynolds says she is focused on running ArcBest and declined to comment on TFI’s motives.

A slowdown in grain exports from Ukraine is threatening to raise global bread prices. Russia’s invasion of Ukraine last February and its blockade of Ukrainian ports temporarily shut off exports from the world’s bread basket. Shipments resumed in the summer thanks to a U.N.-backed deal between Moscow and Kyiv. But the WSJ’s Yusuf Khan reports that exports are drying up because of uncertainty about whether the deal will be renewed ahead of its expiration on March 19. Wheat prices have risen about 10% over the past month. The uncertainty is being compounded by delays as ships wait weeks for inspection by Russian officials before they can leave the Black Sea. Ukraine’s grain exports will continue to be weak even if a new deal is reached. Bimco says grain exports from August 2022 through February 2023 were down 43% year over year.

Stronger economic conditions have boosted investors’ expectations for higher interest rates this year. (WSJ)

Gas prices are poised to rise again as sanctions on Russia take effect. (WSJ)

A winter storm grounded more than 1,500 flights and threatened roads across the U.S. (WSJ)

TJX, the owner of T.J. Maxx, logged a 5% jump in sales during the latest quarter. (WSJ)

Norfolk Southern will investigate how the railroad could have prevented a derailment in Ohio. (WSJ)

Stellantis is planning to distribute $4.47 billion in dividends to shareholders after revenue and net profit surged in 2022. (WSJ)

Tesla said it will establish its global engineering headquarters in California. (WSJ)

Lithium prices in China slumped by almost a third in three months on weaker demand. (Financial Times)

Europe will need increased volumes of liquefied natural gas in 2023, according to broker Poten & Partners. (TradeWinds)

Belgium’s Liege Airport won’t appeal a new environmental operating permit that limits annual flights for cargo aircraft. (Air Cargo Next)

Container throughput at Germany’s Port of Hamburg fell just over 5% last year. (Maritime Executive)

Southeast and Gulf Coast ports expect a boost in cargoes as electric vehicle manufacturing expands in the region. (Journal of Commerce)

Cosco Shipping has opened up a new sea and air logistics center in Guangzhou, China. (Seatrade Maritime News)

UK supermarkets are rationing produce such as peppers, cucumbers and tomatoes because of supply shortages. (The Independent)

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 Twitter at @WSJLogistics.