China’s official manufacturing purchasing managers’ index fell to a five-month low. (WSJ)
U.S. workers received their biggest pay increases in nearly a decade over the 12 months through June. (WSJ)
U.S. households’ incomes are rising to keep pace with robust spending. (WSJ)
Mexico’s economic output shrank 0.1% in the second quarter on falling industrial production. (WSJ)
Apple Inc.’s revenue jumped 17% to its best-ever for the June quarter and profit soared 32% to $11.52 billion. (WSJ)
Trade finance giant Standard Chartered PLC says tensions between the U.S. and China could boost trade routed between Asian countries. (WSJ)
Rio Tinto PLC’s profit rose 12% in the first six months of the year and steel exports increased 9% to 168.8 million metric tons. (WSJ)
Higher inventory and transportation costs pushed Lumber Liquidators Inc. to a $1.5 million second-quarter loss. (WSJ)
Pfizer Inc. is increasing its research and development spending to expand its pipeline of new drugs heading to market. (WSJ)
Procter & Gamble Co. is raising prices on some of its biggest brands. (WSJ)
Uber Technologies Inc. is shutting its troubled self-driving truck research group. (TechCrunch)
Walmart Inc. has scaled back a poorly-received program to have store workers deliver online orders after their work shifts. (Reuters)
Two years after a fire destroyed its largest distribution center, Gap Inc. is shipping clothes more efficiently than ever. (Fast Company)
ArcelorMittal raised its projection for steel consumption growth this year to 2% to 3%. (S&P Global Platts)
Japan’s Ocean Network Express lost $120 million in the past quarter as container lines in the joint venture reported steep revenue declines. (The Loadstar)
Scorpio Tankers Inc. lost $68.9 million in the second quarter and undertook sale-leaseback deals on four of its vessels. (Shipping Watch)
Brightoil Petroleum Holdings is shutting its marine transport business and selling the assets. (Lloyd’s List)
Port terminal operator PSA International took a majority stake in a freight handing facility 200 miles east of Canada’s Port of Vancouver. (Seatrade Maritime)
Canadian National Railway Co.’s new chief executive says growing energy shipments won’t displace grain services. (Bloomberg)
Wisconsin producers of sand for fracking say the region's rail service is deteriorating while pricing “has soared.” (Lacrosse Tribune)
Truck engine manufacturer Cummins Inc. is recalling some 500,000 engines due to faulty emissions systems. (Commercial Carrier Journal)
United Parcel Service Inc. will test electric delivery vans built by Los Angeles-based startup Thor. (Elektrek)
Lufthansa Cargo’s revenue jumped 12.1% in the second quarter on strong pricing growth. (Air Cargo News)
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