Panalpina’s 4Q results were better than expected, though it still has a long way to go to improve profitability – further acquisitions may help. Canada and Mexico may get an exemption from U.S. steel tariffs, but who will pay? China’s trade boom has left it with a record surplus vs. the U.S. Also: the U.S. deficit sets a 111 month record; Mexico’s auto exports surge because of GM’s Silverado; Foot Locker’s supply chain analyzed; a new case for sacks; EU confirms retaliatory preparations against U.S. metals measures and a detailed Brexit stance; the CPTPP will be signed today, expanded to...