Purchasing-manager surveys in Europe and Asia point to a decline in service sector activity during September while the U.S. extends a steady recovery. (WSJ)
Quarterly sales at General Mills rose 10% but the food supplier says the coronavirus-fueled surge in grocery sales is waning. (WSJ)
Nike expects its inflated inventories return to prior-year levels in the next 60 days. (WSJ)
Volkswagen is launching an electric sport utility-vehicle aimed at challenging Tesla. (WSJ)
China’s Geely Automotive will sell a system for building electric cars to the auto maker’s rivals. (Financial Times)
The U.K. says truck drivers at the English Channel will face new customs controls starting in January even if no trade deal is reached with the European Union. (Lloyd’s List)
The world’s largest group of shipping insurers won't insure vessels involved in two Russian-led gas pipeline projects because of the threat of U.S. sanctions. (Reuters)
Miner Rio Tinto plans to start blending iron ore at a transshipment hub at China’s Dalian port. (Seatrade Maritime)
Trans-Pacific container shipping rates are showing signs of peaking near record highs, following recent threats of government intervention. (Nikkei Asian Review)
A shortage of smaller container ships is driving up charter rates for the vessels. (TradeWinds)
Walmart will start offering credit to some third-party sellers on its e-commerce marketplace. (Northwest Arkansas Democrat-Gazette)
Walmart will work with DroneUp to deliver Covid-19 self-collection kits by drone in two U.S. markets. (Bloomberg)
Mack Trucks began production of a new medium-duty truck model at its Roanoke Valley, Va., plant after a two-month delay. (Commercial Carrier Journal)
An analyst report says Amazon will be able to offer same- and next-day delivery to 65% to 70% of U.S. homes through its own logistics network within two years. (Supply Chain Dive)
French logistics provider Gefco says it came under a cyberattack and is working to “resolve the issue.” (The Loadstar)
Henri de Romrée resigned as chief executive of Bpost’s North American parcel and logistics division, including leadership of logistics provider Radial. (DH)
Canadian exports of crude oil by rail fell to another eight-year low in July. (Canadian Press)
|