CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected."

Instances of harsh braking were higher the week before and after Thanksgiving when compared to the actual week of the holiday.

The arrest and seizure of materials took place during a raid in London, the U.K. Serious Fraud Offices said December 6.

Italy’s BRI participation was set to be automatically renewed in March 2024 before the country notified China it was withdrawing from the initiative.

The Japanese carmaker will receive gearboxes and engines for 12 of its plants, as well as half a million parts annually, the companies said December 6.

Ninety-three percent of the workers in the warehousing/storage industry reported they were paid hourly while an additional 12% said they had to take on another job.

The company laid off 75% of its U.S. staff on December 4, bringing TuSimple’s total global workforce to just 700 full-time employees.

The new strategy outlines the steps that the three ports will take to speed up the decarbonization of the shipping industry.

Ships have begun diverting from passage through the Suez Canal, instead sailing around the Cape of Good Hope, clocking up 7,000 extra nautical miles.

The planemaker shipped 64 jets in November, it said December 5, bringing the tally to 623 for the first 11 months of 2023.