Industrial production in the U.S. rose 0.4% in May while factory output increased more modestly. (WSJ)
U.S. consumer spending rose a healthy 0.5% from April to May. (WSJ)
U.S. consumer sentiment fell at the beginning of June. (WSJ)
The International Energy Agency downgraded its forecast for global oil demand for a second straight month. (WSJ)
Governments and tanker companies are stepping up efforts to protect shipping lanes as the U.S. and Iran traded accusations over attacks on two tankers near the Strait of Hormuz. (WSJ)
India imposed higher tariffs on some goods imported from the U.S. in apparent retaliation for American trade actions. (WSJ)
Transportation Secretary Elaine Chao has sold her shares in a paving-materials supplier. (WSJ)
Workers at Volkswagen AG’s factory in Chattanooga, Tenn., rebuffed for a second time efforts to organize the plant’s blue-collar workforce. (WSJ)
Boeing Co.’s chief executive promises greater transparency in fixing problems in its embattled 737 MAX program. (WSJ)
Online pet-products seller Chewy Inc. posted strong gains in its initial public offering. (WSJ)
Target Corp. stores suffered an outage that locked down registers at its stores across the U.S. (WSJ)
Alibaba Group Holding Ltd. plans a one-for-eight stock split in a move to increase flexibility for raising capital. (South China Morning Post)
Two Japanese companies have developed carbon fiber materials that could slash the cost of aircraft parts by up to half. (Nikkei Asian Review)
BMW AG opened a $1 billion automotive plant in San Luis Potosi, Mexico. (Progressive Railroading)
Walmart Inc. updated a cost-adjustment tool for suppliers to include higher tariff expenses. (Bloomberg)
China’s imports of U.S. cotton have declined 44% since last summer. (Sourcing Journal)
China raised anti-dumping duties on certain alloy-steel seamless tubes and pipes from the U.S. and the European Union. (Shipping Watch)
China's state-run Xinhua news agency says an investigation of FedEx Express is the result of "the rule of law in China" and not retaliation over trade. (Reuters)
Argentina is expanding its liquefied natural gas production capacity with an eye on Asia markets. (Lloyds List)
British regulators approved less than half the applications for European road transport permits allowed under an agreement ahead of Brexit. (Motor Transport)
Amazon.com Inc. is opening a fifth distribution center in Spain. (Post & Parcel)
Philippine parcel carrier Ninja Van will invest about $4 million in sorting hubs and trucks for e-commerce service. (GMA)
The Teamsters union wants New Jersey to investigate logistics company NFI Industries Inc. over its application for state tax incentives. (Courier Post)
South Africa's Imperial Logistics wants to acquire a large freight forwarder to support its Africa trade flows. (The Loadstar)
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