Today’s Logistics Report: Freight Demand Rebound Taking Shape; Kicking the China Importing Habit

U.S. imports by value fell 1.3% in December while exports jumped 1.2%. (MarketWatch)

Germany’s industrial production declined in December for the seventh straight month. (WSJ)

A.P. Moller-Maersk warned that continued uncertainty in the Red Sea could push the shipping line to a loss this year. (WSJ)

China is encouraging its electric vehicle makers to expand overseas efforts, including collaboration with shipping companies to integrate warehousing and logistics resources. (WSJ)

Sales at Alibaba’s core digital retail and online commerce businesses grew 2% in the December quarter. (WSJ)

Forward Air CEO Tom Schmitt left the company following the expedited trucker’s acquisition of freight forwarder Omni Logistics. (Dow Jones Newswires)

CVS Health cut its earnings outlook after medical cost increases offset rising fourth-quarter revenues. (WSJ)

Top rice supplier India is considering extending an export tax on varieties of the grain in a tight global market. (Bloomberg)

South Korea’s LG Chem struck an $18.6 billion, 10-year deal to supply electric vehicle battery materials to General Motors. (Nikkei Asia)

Amazon is taking new steps to protect its delivery drivers from acts of violence. (The Information)

Greek ship owners are withdrawing rapidly from Russia oil trades amid tighter sanctions enforcement. (Lloyd’s List)

Stolt-Nielsen is positioned to attempt a merger with rival chemical tanker operator Odfjell after boosting its stake in the business. (ShippingWatch)

Rite Aid is closing a large distribution center in Woodland, Calif., and consolidating operations at another site. (Business Journals)

Supply chain visibility startup Sensos raised $20 million in a Series A funding round. (Axios)

Read More

Leave a Reply

Your email address will not be published.

Kraken Onion Market