Oil prices plunged as U.S stockpiles hit a seven-month high. (WSJ)
China’s imports surged 27.3% in July as the country brought in raw materials meant for big infrastructure projects. (WSJ)
Airlines are facing a pilot shortfall as aviators retire and manufacturers build a record number of planes. (WSJ)
Rite Aid Corp. and Albertsons Cos. called off their planned $24 billion merger in the face of mounting investor opposition. (WSJ)
A bankruptcy court approved a Toys “R” Us Inc. settlement that clears the way for creditors to get at least 22 cents on the dollar. (WSJ)
Looming U.S. sanctions are holding up several multibillion-dollar investments in Iranian oil and gas fields. (WSJ)
Miner and trading giant Glencore PLC’s profit for the first half of the year rose 13% on higher commodity prices. (WSJ)
Whole Foods is introducing “click and collect” pickup points for online grocery orders as parent Amazon.com competes against rival food retailers. (WSJ)
Sales fell at Hostess Brands Inc. after Walmart Inc. cut back on promotional displays and inventory. (WSJ)
Discount-chain operator National Stores Inc. is closing 74 stores after filing for bankruptcy. (WSJ)
Lowe’s Cos. hired former Walmart executive Donald Frieson as executive vice president of supply chain. (Bloomberg)
Global airfreight demand growth slowed to 2.7% in June, according to the International Air Transport Association. (Air Cargo News)
Food and beverage companies are struggling to maintain supplies in Japan under scorching summer heat. (Nikkei Asian Review)
Port operator PSA International bought a controlling stake in trade software company CrimsonLogic. (Port Technology)
Danish tanker owner Norden lowered its full-year outlook on weak spot shipping rates. (Splash 247)
International Seaways is boosting its cash position by selling old ships. (Lloyd’s List)
BNSF Railway Co.’s second-quarter net profit jumped 37% to $1.3 billion. (Progressive Railroading)
Uber Technologies Inc. intends to double its investment in its spun-off UberFreight unit. (DC Velocity)
Roadrunner Transportation Systems Inc. lost $42 million in the second quarter. (American Shipper)
XPO Logistics Inc. is opening its first last-mile distribution hub in Canada. (Logistics Management)
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