An index of consumer confidence slipped in June as a measure of expectations for the future fell to the lowest level since December. (WSJ)
U.S. home price gains edged lower in April. (WSJ)
Manufacturing activity in Texas rose in June, even as businesses reported lower levels in growth of new orders and shipments. (WSJ)
Amazon and American Express Co. are launching a credit card for small businesses, boosting the retailer’s business-to-business e-commerce efforts. (WSJ)
Foxconn and Thailand’s Siam Cement Group formed a joint venture to set up an integrated logistics operation in south China. (Nikkei Asian Review)
Boeing Co. is considering a freighter conversion program for 777 passenger jets amid short supply of wide-body all-cargo aircraft. (The Loadstar)
Boeing took part in a $16 million Series A funding round for Switzerland-based parcel drone company Matternet. (Air Cargo News)
Atlas Air Worldwide Holdings Inc. raised its profit outlook for the year, projecting a 35% to 40% increase in earnings over last year. (Air Transport World)
Logistics software provider Descartes Systems Group Inc. acquired parcel tracking technology specialist Velocity Mail for $25.5 million. (DC Velocity)
Southern California container terminal operators expect a revised PierPass OffPeak fee program will go into effect in the fourth quarter instead of August. (American Shipper)
The International Energy Agency expects liquefied natural gas trade to grow 20% by volume by 2023. (Lloyd’s List)
Kuwaiti-based Agility will work with Egypt’s Suez Canal Economic Zone to develop a logistics hub at East Port Said. (Gulf Business)
Charlotte, N.C., officials approved $13 million in tax incentives for an Amazon distribution center. (WRAL)
On-demand warehouse startup Flowspace raised $2.2 million in a new funding round. (Finsmes)
UPS opened a $100 million highly-automated package sorting hub outside Paris. (Atlanta Business Chronicle)
Australia’s regional airports are seeing a surge of warehouse leases pushed by e-commerce operations. (Sidney Morning Herald)
Cold-storage company Americold Realty Trust is abandoning its plan to build a large refrigerated warehouse on Maine’s waterfront. (Portland Press Herald)
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