The U.S. economy expanded at a faster pace in the third quarter than previously estimated. (WSJ)
U.S. imports rose 0.9% in October while exports plummeted 2.6%. (MarketWatch)
Layoffs across the U.S. expanded in October but remained at a historically low level. (WSJ)
India’s economic growth slowed to 6.3% in the September quarter. (WSJ)
Amazon CEO Andy Jassy says he doesn’t regret the company’s hiring spree in recent years even as it now undertakes corporate layoffs. (WSJ)
Food-delivery platform DoorDash is cutting 6% of its corporate staff, or about 1,250 workers. (WSJ)
Retailer H&M is cutting around 1,500 jobs from its global workforce. (WSJ)
The GM Cruise driverless-car unit is seeking regulatory approval to test a shuttle that has no steering wheel or manual controls. (WSJ)
Maersk Line and IBM shut down their blockchain-enabled TradeLens global trade platform. (Maritime Executive)
European regulators agreed to a plan to include shipping in the continent’s emissions trading system. (Splash 247)
Ocean Network Express has started operating a container ship with a large wind deflector mounted on its bow. (Port Technology)
Port of Los Angeles chief Gene Seroka expects a contract agreement with dockworkers to be reached by February. (Bloomberg)
Japan’s Mitsui OSK Lines plans to invest $2.9 billion in its real-estate business and shrink its exposure to volatile ocean shipping. (Nikkei Asia)
Container ship owner Costamare is starting a dry bulk operating platform. (ShippingWatch)
Rising jury awards in highway crash cases are sending insurance rates for trucking companies spiraling upward. (Fleet Owner)
Florida-based OneRail raised $33 million in a Series B funding round backing its last-mile software business. (Logistics Management)
Developers are proposing an intermodal terminal with 850,000-square-feet of warehouse space in Jacksonville, Fla., for an unnamed tenant. (Jacksonville Daily Record)
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