Nikola Executive Chairman Trevor Milton is stepping down from the electric-truck startup with immediate effect in the wake of allegations from a short seller that he and the company had made false statements to investors. (WSJ)
Soybean prices have surged to their highest levels in more than two years, amid heavy buying from Chinese importers. (WSJ)
Palladium prices have surged 27% this year on a strong rebound in Chinese car sales. (WSJ)
Walmart will take a minority stake along with Oracle in a new entity that would provide secure cloud service for the Chinese owned app TikTok. (WSJ)
Alibaba is linking its e-commerce platform to automotive repair shops to create a chain of branded garages for car maintenance. (WSJ)
Ascena Retail Group plans to sell its plus-size chain Catherines out of bankruptcy for $40.8 million. (WSJ)
Mitsubishi Motors will stop making the vehicle that was the world’s first mass-produced electric car. (Nikkei Asian Review)
Boston Dynamics plans to introduce robots for use in logistics operations next year. (TechCrunch)
Discount grocer Lidl plans to cut use of plastics in its own labels by 40% by 2025. (The Grocer)
Nikola is relying on supplier Romeo Power Technology's batteries for one of its prototype electric trucks rather than its own product. (Financial Times)
Daimler Trucks expects to begin customer trials of a Mercedes-Benz heavy-duty truck powered by fuel cells in 2023. (Heavy Duty Trucking)
Large truckload carriers cut capacity at the steepest rate in a decade in the second quarter. (Journal of Commerce)
Operations at the U.K.’s Port of Felixstowe are facing crushing congestion amid staff shortages and strong import demand. (Lloyd’s List)
Container shipping rates from Asia to Latin America are rising at a record pace. (Splash 247)
Container traffic from China to Europe by rail grew 34% in the first half of this year. (The Loadstar)
A blockade of a Kansas City Southern rail line connected to Mexico’s Lazaro Cardenas port is nearly a month old. (Mexico Daily News)
Amazon is opening a 150,000-square-foot fulfillment center in Contra Costa County, Calif., east of Oakland. (East Bay Times)
DHL Express will open a $200 million parcel hub at the Paris Charles de Gaulle Airport in October 2021. (Post & Parcel)
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