New durable-goods orders rose 1.8% in August to a fresh record level. (WSJ)
The World Bank says Asia’s economies are on track to grow 7.5% this year, led by 8.5% expansion in China. (WSJ)
Ford plans to spend $7 billion to build its first U.S. assembly plant in decades and three battery factories in Tennessee and Kentucky. (WSJ)
Surging natural gas prices are approaching a seven-year high. (Dow Jones Newswires)
Cotton futures prices rose to their highest level since 2018. (Dow Jones Newswires)
Drug giant Merck is in advanced talks to acquire biopharmaceutical company Acceleron Pharma. (WSJ)
U.S. Steel suspended production at a northwest Indiana plant after it leaked a substance into a waterway. (Industrial Distribution)
Rolls-Royce is selling its Spanish aircraft engine manufacturing business to a private equity-led consortium. (Financial Times)
The backup of ships off the Southern California coast is raising complaints about growing pollution from the vessels. (Daily Breeze)
New container ship orders have reached a record annual level with 468 vessels comprising the equivalent of 3.9 million boxes in capacity. (Lloyd’s List)
Vessel owner Seaspan added 10 mid-sized container ships to its growing order book. (Splash 247)
Maersk Line spans to reduce port calls in Europe to improve schedule reliability on trips from Asia. (The Loadstar)
Clarksons Platou projects a “big winter rally” and strong earnings for tanker operators. (TradeWinds)
China will invest $3.5 billion in a Pakistani development projectthat will include upgrades of the Karachi seaport. (Maritime Executive)
Australia’s dockworkers’ union plans a series of strikes at the country’s major container shipping terminals. (The West Australian)
North Carolina-based freighter operator 21 Air plans to double its fleet to 10 all-cargo aircraft. (Air Cargo World)
Industrial exosuit maker Sarcos Technology and Robotics raised $260 million in an initial public offering. (DC Velocity)
BMO Capital Markets analysts say wholesale distribution by brands comes with higher margins than direct-to-consumer sales. (Retail Dive)
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