New applications for unemployment benefits have eased but remain at historically high levels, indicating the labor market is healing but still far from recovered.
Copper prices reached their highest level in more than two years on steady Chinese demand and disruptions to global supply. (WSJ)
U.S. and Chinese trade negotiators plan to confer by video over progress in fulfilling terms of the “Phase One” trade deal. (WSJ)
Lowe’s comparable sales soared 35.1% last quarter and online sales more than doubled. (WSJ)
Johnson & Johnson agreed to buy biotechnology company Momenta Pharmaceuticals for about $6.5 billion. (WSJ)
London-based offshore drilling contractor Valaris filed for bankruptcy protection in the U.S. (WSJ)
Japanese retail group Aeon is building an automated warehouse near Tokyo with the help of British online grocer Ocado. (Nikkei Asian Review)
Nissan is delaying the closure of its Barcelona, Spain, plant for a year. (Automotive Logistics)
Gap is closing most of its stores in San Francisco, including its flagship site. (San Francisco Chronicle)
Amazon will impose tougher delivery standards on third-party sellers that will make it harder for them to avoid using the company’s shipping services. (Bloomberg)
Container lines Zim and Evergreen both reported their strongest earnings in years in the second quarter. (Journal of Commerce)
Car carrier operator Wallenius Wilhelmsen lost $69 million in the second quarter as shipping volumes fell 45%. (Lloyd’s List)
Port terminal operator DP World acquired Indian shipping and logistics operator Transworld Feeders. (The Loadstar)
The Salvation Army charity will market its unused warehouse space in the Western U.S. through a logistics space-sharing app. (DC Velocity)
Consumer demand for sports equipment because of gym closures has left a shortage of gear like barbells. (Modern Retail)
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