Whirlpool Corp. saw “very soft” U.S. demand in the second quarter after the appliance maker raised prices to cover rising raw materials costs. (WSJ)
Lockheed Martin Corp. expects to end the year with a record order backlog of more than $110 billion. (WSJ)
Sergio Marchionne, who engineered the succesful merger of faltering auto manufacturers Fiat and Chrysler, has died. (WSJ)
Ford Motor Co. is consolidating its self-driving vehicle operations into one new organization named Ford Autonomous Vehicles LLC. (WSJ)
Rep. Bud Shuster (R., Pa.) released a draft infrastructure plan that would raise the federal fuels tax before eliminating it in 2028. (Roll Call)
Target Corp. is revamping more than 1,000 stores to cater more to digital sales and fulfillment. (Chicago Tribune)
U.K. retailer McColl’s says sales and profits fell on disruptions from the failure of British wholesale supplier Palmer & Harvey. (Financial Times)
A cyberattack crippled communications in Cosco Shipping Holdings Co.’s U.S. operations. (Journal of Commerce)
Typhoon Ampil hit Shanghai, bringing heavy rainfall and disrupting transport and shipping. (Straits Times)
Hutchison Port Holdings Trust’s second-quarter profit declined 37% as container volumes fell at its key Asia ports. (Business Times)
Germany’s Schoeller Holdings is selling its controlling stake in Asian regional feeder operator Bengal Tiger Line to unnamed European investors. (Lloyd’s List)
Ship owners have ordered or installed “scrubber” emissions-control systems on nearly 1,000 vessels to meet a 2020 global sulfur cap. (Seatrade Maritime)
Japanese logistics operator Yamato Holdings Co. Ltd. overcharged corporate clients more than $15 million through its moving division. (Nippon Asian Review)
Canadian National Railway Co. gave interim Chief Executive Officer Jean-Jacques Ruest the role on a permanent basis. (The Globe and Mail)
Freight railcar orders more than doubled from the first quarter to the second quarter to the highest level since 2014. (Railway Age)
Growing pharmaceutical shipping demand is pushing more freight carriers to seek standards certification. (The Loadstar)
Boeing Co. says the need for airline pilots will double over the next 20 years. (Aviation International)
A coalition of big trucking companies wants state lawmakers to require intrastate trucks to be equipped with electronic logging devices. (Commercial Carrier Journal)
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