A measure of U.S. service-sector activity surged to a record high in July. (WSJ)
Trucker Yellow narrowed its second-quarter loss to $9.4 million as revenue jumped 29%. (Dow Jones Newswires)
The Senate moved through amendments to the roughly $1 trillion infrastructure package, with a vote on final passage likely as early as this weekend. (WSJ)
Detroit's Big Three auto makers will aim to make electric vehicles account for 40% to 50% of their U.S. sales by 2030. (WSJ)
Same-store sales at CVS Health rose 12.3% as the company got a boost from the nearly 17 million Covid-19 vaccines it administered in the quarter. (WSJ)
Howmet Aerospace says truck makers are reporting tires and windshields are joining semiconductors as pinch points in production. (Dow Jones Newswires)
Intel hopes to nearly triple its share of global chip-making capacity as it advances plans to build a major U.S. factory. (Dow Jones Newswires)
U.S. bankruptcy filings fell in the year ending June 30 to the lowest level since 1985. (WSJ)
Apple is expanding its lineup of suppliers in China for its latest iPhone. (Nikkei Asia)
NXP Semiconductors expects its automotive customers to begin shifting away from just-in-time inventory management for chips. (Supply Chain Dive)
Sportswear retailer Under Armour raised its outlook after strong quarterly sales that were helped by growing direct-to-consumer sales. (CNBC)
Fashion brands are raising prices at their fastest pace in a decade, and many are taking steps to ensure they stay high. (Business of Fashion)
U.S. maritime regulators want eight container lines to prove that new port congestion surcharges meet legal and regulatory requirements. (Journal of Commerce)
Alphaliner says container lines are pulling ships from smaller trade lanes to meet strong demand on major east-west routes. (Lloyd’s List)
Dry-bulk carrier Diana Shipping swung to its first profit in two years in the second quarter. (ShippingWatch)
Airlines are switching freighter flights to European airports as sites cope with shortages of cargo handlers. (The Loadstar)
Cold-storage specialist Lineage Logistics acquired Hanson Logistics and its seven distribution centers across Michigan and Indiana. (MiBiz)
Food-delivery company DoorDash is in talks to invest in German grocery-delivery app Gorillas. (Financial Times)
|