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WSJ Logistics Report: “Today’s Top Supply Chain and Logistics News From WSJ”

Today’s Top Supply Chain and Logistics News From WSJ

Toyota Motor Corp.’s TM -0.68% choice of Alabama as a site of a new factory highlights a once-unthinkable shift in automotive supply chains. Once almost entirely dependent on importing cars to the U.S., foreign auto makers are set for the first time to build as many automobiles in American factories as Detroit does, the WSJ’s Adrienne Roberts and John D. Stoll report. Toyota will build a $1.6 billion factory it will share with Mazda Motor Corp. 7261 -0.55% in Huntsville, Ala., the latest in a series of big-dollar expansions by Asian and European car companies in Southern states. The investments, including a $1.1 billion factory Volvo Cars is opening in South Carolina this year, are creating new backing for rail, road and port expansions to help move parts to the plants and finished cars to export gateways. Other foreign auto makers say they are considering expanding or establishing U.S. operations, adding to the drive to build a broader new eco-system of automotive manufacturing.

IN OTHER NEWS
An explosion on the stricken Iranian oil tanker Sanchi forced a temporary halt in rescue and recovery efforts. (WSJ)

The World Bank says the global economy is operating at its potential for the first time in a decade. (WSJ)

Oil prices in some markets are pushing close to $70 a barrel. (WSJ)

AT&T Inc. is walking away from a deal to sell smartphones made by China’s Huawei Technologies Co. (WSJ)

Sears Holdings Corp. raised new financing and is seeking new debt relief as the retailer reported sharply declining sales. (WSJ)

The Renault-Nissan-Mitsubishi Alliance is creating one of the largest venture-capital funds dedicated to automotive technology startups. (WSJ)

French President Emmanuel Macron says China is close to finalizing orders for 184 Airbus A320 aircraft. (WSJ)

Houston-based Ocean Infinity will deploy unmanned submersibles in the southern Indian Ocean for the wreckage of Malaysia Airlines Flight 370. (WSJ)

FedEx Corp.’s payout of $227 million last year was among the largest in a growing number of high-priced settlements by companies of worker-treatment claims. (WSJ)

White House officials say the release of President Donald Trump’s infrastructure package may slip to next month. (The Hill)

Kohl’s Corp. plans to lease unused space in its “right-sized” stores to grocery chains and convenience stores. (CNBC)

Maritime piracy around the world is at a two-decade low. (MarineLink)

Global airfreight demand rose 8.8% in November, more than double capacity growth. (Air Cargo News)

Turkish Airlines added three Boeing Co. 777 freighters to an earlier order for two of the jets. (Air Cargo World)

Japanese trucking companies are joining parcel carriers in raising domestic transport prices. (Nikkei Asian Review)

Shipments of mobile phones in China fell 12.3% last year, including a 32.5% decline in December. (Xinhua)

Canadian crude shipments to the U.S. by rail could rise more than 60% this year on demand by Gulf Coast refiners. (BOE Report)

Logistics comapny Transplace named Frank McGuigan chief executive as CEO Tom Sanderson became executive chairman. (Fleet Owner)

Read more here.

January 11, 2018