Freight railroads are preparing to report second-quarter earnings as volumes are declining across most major business lines. (WSJ)
Prologis Inc. is buying warehouse owner Industrial Property Trust in a deal valued at $3.99 billion. (WSJ)
Furniture giant IKEA is closing its only manufacturing site in the U.S., saying lower production costs in Europe will offset shipping expenses. (WSJ)
Aerospace companies are developing electric commuter aircraft that can navigate autonomously and take off and land vertically. (WSJ)
Food delivery companies are offering restaurants stronger technology to offset high fees and win over skeptics. (WSJ)
Blackstone Group Inc. is in talks to buy the European distribution arm of CRH PLC, one of the world’s largest building-materials suppliers. (WSJ)
Malaysia plans to complain to the World Trade Organization about a European Union curb on the use of palm oil in transport fuels. (Nikkei Asian Review)
Venezuela is using ship-to-ship transfers to disguise its crude oil transports to China. (Lloyd’s List)
The European Commission approved $79 million in aid to help the Netherlands expand freight rail service. (Lloyd’s Loading List)
Canada is selling a 90% stake in the Ridley Terminals Inc. operator at the Port of Prince Rupert. (Progressive Railroading)
United Parcel Service Inc. specialty pharmaceutical distribution unit Marken acquired three European logistics operators. (DC Velocity)
Hong Kong International Airport’s freight volumes fell 6.7% in the first half of the year, including an 8.6% decline in June. (Air Cargo News)
The chief executive of British retailer Marks & Spencer is taking over leadership of the Clothing and Home division to fix supply chain problems at the unit. (Logistics Manager)
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