The District of Columbia accused Amazon of contracting with wholesalers in a way that drives up product prices on other websites and insulates the retailer from competition. (WSJ)
Kansas City Southern says a takeover offer from Canadian Pacific Railway is superior to one it already accepted from Canadian National Railway. (WSJ)
Energy prices in Europe are surging as winds in the stormy North Sea have grown unusually calm, undercutting wind power. (WSJ)
OPEC raised its forecast for oil demand next year to beyond the pre-pandemic level. (WSJ)
More companies are holding back on large foreign investments, deepening the economic damage from Covid-19 border closures. (WSJ)
President Biden intends to nominate former State Department official Reta Jo Lewis to lead the Export-Import Bank. (WSJ)
British logistics heavyweight Wincanton expects disruption from the country’s truck driver shortage to get worse. (Financial Times)
Electronics manufacturer Hitachi plans to work with suppliers to eliminate greenhouse gases from its supply chain by 2050. (Nikkei Asia)
Bankrupt retailer Forever 21 asked a court to dismiss its chapter 11 case after failing to get court approval of its reorganization plan. (Bloomberg Law)
Ship managers, owners and flag states are considering compulsory vaccinations for seafarers. (Lloyd’s List)
The rate index for transport on the largest capesize bulk vessels rose 14.8% to the highest point in more than a decade. (TradeWinds)
The number of containers and truck trailers moving through U.K. ports rose 38% in the second quarter. (Port Technology)
Former Wallenius Wilhelmsen chief executive Craig Jasienski will become CEO of car carrier Neptune Lines. (Automotive Logistics)
Supply-chain technology firm TrueCommerce acquired digital connectivity provider DiCentral for an undisclosed sum. (Supply Chain Management Review)
Rail businesses Wabtec and Genesee & Wyoming will work with Carnegie Mellon University researchers on efforts to cut emissions and foster innovation. (DC Velocity)
Vector.ai raised $15 million in a Series A funding round supporting its productivity platform for freight forwarders. (TechCrunch)
|