Port Houston to move forward with container dwell fee in February

A sustained dwell fee at Port Houston will go into effect on Feb. 1 following delays due to software issues.

Containers left to dwell at the Bayport and Barbours Cut Terminal will start accruing fees beginning on the eighth day after the expiration of free time. Shippers will be on the hook for $45 per container per day, port officials said in a release.

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China approves Merck’s Covid therapy amid shortage of drugs

China approved Merck & Co.’s COVID-19 antiviral molnupiravir for emergency use, as Beijing seeks to expand access to treatments amid a massive wave of infections following its abrupt pivot away from COVID Zero in early December.

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Amazon CEO confirms company is cutting over 18,000 jobs

In November, a report alleged that Amazon (NASDAQ: AMZN) would lay off around 10,000 employees in a round of peak-season job cuts. Now, the figure is confirmed to be significantly higher.

In a Wednesday internal memo that was released publicly by Amazon on Thursday morning, CEO Andy Jassy said that the number of employees affected by the layoffs will ultimately be over 18,000. Jassy added that several teams are being affected by the pullback but that the majority are in the firm’s Stores and People Experience and Technology (PXT) organizations.

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Deutsche Bahn prepares for the sale of DB Schenker

Deutsche Bahn is preparing for the sale of its freight forwarding subsidiary DB Schenker as it looks to focus on its core rail business.

The rail group said today that it has assigned its management board to examine and prepare the case for a potential sale of up to 100% of its shares in DB Schenker, the world’s fourth-largest airfreight forwarder.

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