A measure of U.S. consumer sentiment rose in early June, reversing part of a decline in May. (Dow Jones Newswires)
The International Energy Agency says low coronavirus vaccination rates in emerging economies are pushing back a return to pre-pandemic levels of oil demand. (WSJ)
Leaders of the Group of Seven wealthy democracies called on China to respect human rights, particularly in the industrial Xinjiang region. (WSJ)
House lawmakers proposed bipartisan legislation that seeks to make Amazon and other large firms effectively split into two companies or shed their private-label products. (WSJ)
A strong recovery in passenger travel is helping Boeing find new homes for unclaimed 737 MAX jets. (WSJ)
Chinese ride-hailing giant Didi Chuxing could gain a valuation of $70 billion in planned initial public stock offering in the U.S. (WSJ)
NextNav is merging with a SPAC that will take public a firm with GPS technology with applications for transportation and warehousing. (WSJ)
Home Depot will start chartering a container ship dedicated to its own goods to help get around supply-chain bottlenecks. (CNBC)
Ocean Network Express joined container lines dropping services at China’s Yantian port as the backup of vessels stretched to more than 50 ships. (TradeWinds)
A shipping platform says more than 300 container ships are caught in port bottlenecks around the world. (Splash 247)
The U.S. Department of Agriculture will spend $4 billion to shore up food supply chains. (Supply Chain Dive)
Toyota accelerated its target for net-zero carbon emissions at factories to 2035, from the previous deadline of 2050. (Nikkei Asia)
Trucker Knight-Swift Transportation is shifting its intermodal business from BNSF Railway to Union Pacific. (Journal of Commerce)
Freight brokers Worldwide Express and GlobalTranz are merging, with Worldwide chief Tom Madine leading the combined business. (Transport Topics)
The former chief mate of the MSC Gayane was sentenced to seven years in prison for leading a cocaine smuggling operation that was foiled by U.S. authorities. (Philadelphia Inquirer)
Airbus is preparing to take orders for a freighter version of its A350 widebody jet as soon as next month. (Air Cargo World)
Kent County in the U.K. is trying to permanently ban heavy-duty trucks from stopping on county roadways. (Motor Transport)
Freight forwarder DSV Panalpina raised its earnings outlook for the year. (ShippingWatch)
Supply chain traceability technology provider Circulor raised $14 million in a Series A funding round. (Logistics Manager)
British cocktail bars are running short of mixers and beers because of slow deliveries from Europe. (Financial Times)
|