U.S. producer prices rose in July at the fastest pace in nearly two years. (MarketWatch)
A California judge says Uber Technologies and Lyft should classify their drivers as employees and not independent contractors under the state’s gig-worker law. (WSJ)
HD Supply is selling its White Cap construction and industrial business to a private-equity firm for $2.9 billion in cash. (WSJ)
Home kitchenware retailer Sur La Table plans to sell itself out of bankruptcy to a joint venture that would keep at least 50 stores open. (WSJ)
A venture backed by Authentic Brands and Simon Property Group is poised to take control of bankrupt retailer Brooks Brothers. (WSJ)
The U.S. ordered all goods made in Hong Kong for export to the U.S. after Sept. 25 to be labeled “Made in China.” (South China Morning Post)
McKinsey says in a report that companies could shift a quarter of their global product sourcing in the next five years. (Financial Times)
Vietnamese steelmaker Hoa Sen Group dropped plans for a $10 billion plant because of a glut of cheap Chinese steel and local protests against the project. (Nikkei Asian Review)
New York authorities accused egg producer Hillandale Farms of gouging by quadrupling its prices on a pandemic-driven surge in demand. (New York Times)
Grocery chain Kroger will work with e-commerce provider Miraki to launch a digital marketplace that includes third-party sellers. (Supermarket News)
Bankrupt U.K. retailer Debenhams is cutting another 2,500 jobs at its stores and warehouses. (Sourcing Journal)
India will spend $1 billion to build a transshipment container port on Great Nicobar Island. (Lloyd’s List)
The first five public dry-bulk carriers to report earnings counted a combined $600 million in losses in the first half of 2020. (ShippingWatch)
Longtime Maersk Line executive Jack Mahoney was named head of trans-Pacific niche carrier Westwood Shipping. (Journal of Commerce)
Amazon plans to build a distribution center at a new industrial site on the former Michigan State Fairgrounds in Detroit. (WDIV)
FedEx is adding a Ground sort facility near Knoxville, Tenn. (WATE)
|