The eurozone economy grew at a 0.5% annual rate in the fourth quarter. (WSJ) China’s official gauges measuring manufacturing, services and construction activity all rebounded sharply in January. (MarketWatch) The International Monetary Fund raised its outlook for global economic growth this year. (WSJ) The Biden administration is considering entirely cutting off Huawei Technologies from U.S. suppliers by tightening export controls. (WSJ) TravelCenters of America and Electrify America plan to build around 1,000 electric-car fast chargers across the U.S. starting this year. (WSJ) Nissan and Renault agreed to reorganize their alliance. (WSJ) A federal appeals court rejected Johnson & Johnson's use of a controversial legal strategy to push roughly 40,000 talc lawsuits to bankruptcy court. (WSJ) High inventory levels are expected to keep memory-chip prices falling in the first half of 2023. (WSJ) Sony moved production of cameras sold in Japan, Europe and the U.S. from China to Thailand. (Nikkei Asia) Apple supplier Jabil has started making components for AirPods in India. (Bloomberg) Procter & Gamble is opening a distribution center in Greece that will be its main logistics hub for Europe. (Greek City Times) JD.com is dropping its e-commerce sites in Thailand and Indonesia to focus on logistics and China sales. (South China Morning Post) Longshore workers at West Coast ports have been undertaking low-level job actions disrupting the flow of cargo. (Journal of Commerce) Shippers have lodged more than 200 complaints with U.S. maritime regulators over carrier behavior. (ShippingWatch) Spanish authorities seized 4.5 metric tons of cocaine from a livestock carrier off the Canary Islands. (Maritime Executive) A.P. Moller-Maersk is using drones to manage inventory counts in its warehouse network. (DC Velocity) The California Trucking Association is again asking a court to block the state from enforcing its new independent-contractor law. (Commercial Carrier Journal) Union Pacific ended a weather-related embargo on rail shipments in the upper Midwest. (Trains) Orders for new railcars in the U.S. fell 57% in the fourth quarter. (Railway Age) A boy playing hide-and-seek in a shipping container in Bangladesh fell asleep and ended up at Port Klang in Malaysia. (India Times) |