A new report says airborne chemicals that destroy ozone are now declining for the first time. (WSJ)
Amazon is closing three warehouses in the U.K. and laying off about 1,200 workers. (MarketWatch)
Steelmaker Commercial Metals expects demand from construction activity to hold strong even despite higher interest rates. (Dow Jones Newswires)
Athletic apparel maker Lululemon warned its profit margins would decline this quarter. (WSJ)
Samsung Electronics is maintaining its investment in new chip-making capacity despite falling profits. (Nikkei Asia)
Russia’s Lukoil is selling its Sicilian refinery to an Israeli-backed private equity fund working with commodities trader Trafigura. (Financial Times)
UPS expects the number of returns it handles during this holiday season to grow to about 70 million shipments. (Supply Chain Dive)
Alibaba will spend more than $1 billion to place a logistics hub and a data center in Turkey. (Daily Sabah)
Frontline dropped its efforts to merge with rival tanker operator Euronav. (gCaptain)
An analyst says spot rates on major routes between China, the U.S. and Europe have fallen below breakeven levels. (ShippingWatch)
Container shipping lines are in increasingly urgent talks with shipyards to defer deliveries of new vessels. (The Loadstar)
China canceled Covid quarantine restrictions for crew changes at the country’s ports. (Seatrade Maritime)
Values of bulk ships in the volatile commodities markets are declining. (Lloyd’s List)
XPO Logistics is adding 100 electric trucks to its operations in France. (Logistics Manager)
The Transported Asset Protection Association says cargo theft in the Netherlands tripled last year. (Nieuwsblad Transport)
Trammell Crow and an investment group are developing a 477-acre logistics park near Georgia’s Port of Savannah. (Savannah Business Journal)
Cephalofair Games took nearly two years to pull together the complicated logistics of delivering its 37-pound units for the holidays. (Retail Touchpoints)
|