U.S. industrial production rose 0.6% in June, boosted by stronger automotive manufacturing. (WSJ)
Japan and the European Union signed a deal to create one of the world’s largest liberalized trade zones. (WSJ)
CSX Corp.’s second-quarter profit rose 72% on cost cuts and higher freight rates. (WSJ)
Refrigerated warehousing specialist Lineage Logistics LLC sold minority stakes totaling $700 million to private-equity investors. (WSJ)
Meal-kit startup Chef’d suspended operations after burning through investments and failing to secure more cash. (WSJ)
Auto makers expect new U.S. tariffs on automobile imports will raise the average cost of an imported car by $5,800. (WSJ)
Some experts say China will buy more Iranian oil as other nations pull back because of the threat of U.S. sanctions. (WSJ)
The U.S. denied what appears to be the first request by a pipeline company to be exempted from new tariffs on imported steel pipe. (WSJ)
U.S. exports of pork byproducts are falling sharply since China imposed new tariffs. (Reuters)
Singapore’s exports turned down sharply in June on cooling global demand for electronics. (Nikkei Asian Review)
Mining companies Rio Tinto PLC and Vale SA reported big increases in iron ore shipments in the second quarter. (Financial Times)
China-based Keer Group plans to open two more textile production facilities in North Carolina. (Sourcing Journal)
United Parcel Service Inc. is working with startup Latch to allow package deliveries inside buildings. (Crain’s)
Industrial parts supplier Weiler Abrasives Group is closing a factory in China and moving production to Cresco, Pa. (Industrial Distribution)
The grounding of a container ship at the Suez Canal triggered a series of cargo ship collisions that halted operations at the waterway. (Ship Technology)
Alphaliner says 6.7% of trans-Pacific container ship capacity has been withdrawn in the past four weeks, pushing rates to a 12-month high. (Splash 247)
Sweden-based manufacturer Alfa Laval is seeing orders for “scrubbers” for ship engines soar ahead of new sulfur-emissions restrictions. (Shipping Watch)
Container throughput at the Port of Hong Kong fell 3.6% in the first half of the year. (Seatrade Maritime)
The U.K.’s Southampton port will build a $20 million terminal for automotive exports. (Port Technology)
Capital Gas Carriers ordered four liquefied natural gas vessels from South Korea’s Hyundai Heavy Industries. (Lloyd’s List)
Second-quarter profit at Panalpina rose 10.8% to $19.6 million. (American Shipper)
German freight rail and logistics firm VTG rejected a $1.8 billion takeover bid from a private equity fund managed by Morgan Stanley. (The Loadstar)
Rail supplier Watco Cos. LLC Chief Executive Rick Webb will become executive chairman and Chief Operating Officer Dan Smith will succeed him. (Progressive Railroading)
|