U.S. consumer prices surged in May at the fastest pace in nearly 13 years. (WSJ)
Weekly initial U.S. jobless claims fell to a fresh pandemic low. (WSJ)
The European Central Bank upgraded its economic outlook for the eurozone but will keep its aggressive monetary stimulus in place. (WSJ)
OPEC expects a rebound in global oil demand to accelerate this year as the world burns through a crude supply glut. (WSJ)
A bipartisan group of U.S. senators say they have an agreement on infrastructure that would be paid for without tax increases. (WSJ)
Trucker Yellow told lawmakers its application for and use of Covid relief funds was “completely appropriate... and in full compliance with the loan agreements.” (Dow Jones Newswires)
Waymo and J.B. Hunt Transport will test freight delivery with self-driving truck runs between Houston and Fort Worth, Texas. (Dow Jones Newswires)
A European Union regulator is proposing a fine of more than $425 million against Amazon under the bloc’s privacy law. (WSJ)
Peugeot and Citroën became the latest automakers to face preliminary charges in France on suspicion of emissions fraud. (WSJ)
The Biden administration lifted sanctions on more than a dozen former Iranian officials and energy firms. (WSJ)
Starbucks is running short of basics like cups and coffee syrup in some stores as it returns to full operations. (WSJ)
Uganda’s coffee production has risen strongly to a record high. (Dow Jones Newswires)
Pepsico Foods says an extensive private-fleet operation has been an advantage for its Frito-Lay business during the pandemic. (Transport Dive)
Chinese e-commerce company Alibaba Group Holding plans to develop self-driving trucks with its Cainiao logistics affiliate. (Reuters)
Convoys of Iranian tankers are operating services suspected of delivering crude to a Syrian refinery. (Lloyd’s List)
Japan’s Namura Shipbuilding and NS United Naiun Kaisha are designing a bulk carrier with retractable sails. (Ship & Bunker)
Chinese e-commerce retailer JD.com launched its first cargo flight between China and the U.S. (Post & Parcel)
Amazon is building a five-story, 3.5 million-square-foot fulfillment center near the Colorado Springs, Col., airport. (Colorado Springs Gazette)
Cold-storage heavyweight Lineage Logistics acquired European temperature-controlled provider Kloosterboer Group. (DC Velocity)
XPO Logistics set the spinoff of GXO Logistics for the third quarter. (The Loadstar)
Transportation technology provider Transporeon acquired freight procurement automation specialist TNX Logistics. (Journal of Commerce)
Connecticut is imposing a mileage tax on heavy-duty trucks using state roads. (Commercial Carrier Journal)
Washington state residents say container ships anchored in Puget Sound because of port backlogs are a “nuisance.” (KING-TV)
|