The dispersal of failed trucker Yellow’s assets may get more complicated in the coming weeks. Specialized car hauler Jack Cooper Transport plans to submit a bid for Yellow’s assets in the coming weeks in an effort to revive the business that collapsed over the summer under the weight of crushing debt and crumbling business. The WSJ Logistics Report’s Paul Berger reports the bid is being patched together with $1 billion in new financing and support from the Teamsters union. It also has the support from some U.S. lawmakers, who are pressing the Treasury Department to defer repayment of a $700 million loan provided to Yellow under a Covid pandemic-era bailout. The backing appears to fall short of what the sale of Yellow’s assets is likely to bring, including bidding on real estate that closes today. Jack Cooper Transport would offer unsecured creditors dividend-paying shares in the new operation.

• Estes Express Lines says former Yellow terminals will need about $27 million worth of repairs. (FleetOwner)

Volatility in commodity markets is bubbling up in your olive oil. Prices for the product many cooks consider their most vital ingredient are surging as supplies are pinched by a drought in Spain. The WSJ’s Yusuf Khan reports that that puts olive oil alongside other staple foodstuffs, including cocoa and robusta coffee beans that have rocketed in price after extreme weather has damaged harvests. The price increases come as Americans are using increasing quantities of olive oil, suggesting many households are likely to notice the rising costs over time. The problem stems from the second straight year of drought in Spain. The country grows about half the world’s olives and generates a similar proportion of global olive oil—making it even more important to this edible-oil market than Saudi Arabia is to crude oil. But water shortages roughly halved last year’s crop and farmers expect similar trouble this year.

Airbus is sticking to plans to deliver 720 commercial planes despite lingering supply-chain snags. (WSJ)

The U.S. will lend $553 million to establish a deepwater shipping-container terminal at the Port of Colombo in Sri Lanka. (New York Times)

Nissan is spending $575 million to expand production in Brazil to export SUVs to other Latin American countries. (Reuters)

Liquefied natural gas imports are flowing into Europe from Russia at close to the same level as 2022. (TradeWinds)

A blacklisted Russian grain operator is setting up a dry bulk fleet to haul shipments from Ukrainian territories. (Lloyd’s List)

Canadian railroads say less U.S.-bound cargo​ is flowing through British Columbia ports. (Journal of Commerce)

Brazilian miner Vale is outfitting its largest ore carrier with cylindrical sails. (Splash 247)

Ireland’s Dublin Port opened a $136 million expansion​ of its vehicle terminal. (Port Technology)

DHL expects the downturn in freight demand to continue well into next year. (ShippingWatch)

Smaller freight forwarders are taking market share away from their larger rivals. (The Loadstar)

Apparel maker Under Armour cut its revenue outlook for this fiscal year to a 2% to 4% reduction in sales. (MarketWatch)

U.K. rail companies and the workers’ union reached an agreement to end 18 months of strikes. (Financial 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.