The Federal Reserve cut interest rates by a quarter-percentage point in a pre-emptive move to cushion the economy from a global slowdown and escalating trade tensions. (WSJ)
An official gauge of China’s manufacturing activity picked up in July but remained in contraction territory. (WSJ)
Mexico’s economy eked out slight growth in the second quarter. (WSJ)
Private U.S. employers added 156,000 jobs in July, mostly in the service sector. (WSJ)
The U.S. and China will resume trade negotiations in September. (WSJ)
The Trump administration is proposing a trial plan to import some less-expensive prescription drugs from Canada. (WSJ)
German car maker BMW AG’s quarterly earnings fell 29% in part on manufacturing costs for electric vehicles. (WSJ)
Fiat Chrysler Automobiles NV maintained an upbeat outlook for the year after reporting relatively strong second-quarter results. (WSJ)
The British government is “turbo-charging” preparations for a no-deal Brexit with more than $2.5 billion to expand freight capacity, stockpile medicine and take other steps. (Financial Times)
British auto makers say they have spent at least $400 million to prepare for a possible messy U.K. exit from the European Union. (Automotive Logistics)
Japan’s Hitachi Ltd. won a $490 million contract to deliver railcars for high-speed passenger trains in the U.K. (Nikkei Asian Review)
Lowe’s Cos. opened a 1.2 million-square-foot distribution center in Shippensburg, Pa. (PennLive)
Experts say the Port of Hong Kong needs a centralized port authority to cope with rising competition. (South China Morning Post)
Alphaliner says 31 container ships with capacity for 350,000 boxes are idle for installation of emissions-reducing scrubbers. (Splash 247)
Ocean Network Express posted its first quarterly profit since it was created by the merger of Japanese container lines. (The Loadstar)
Lower dry-bulk rates ate into first-quarter profits for Japan’s big three shipping lines. (Lloyd’s List)
Danish logistics operator DSV A/S expects to see business grow as trade conflicts heat up. (Shipping Watch)
Crane Worldwide Logistics promoted Keith Winters to chief executive. (Air Cargo News)
Supply-chain software provider Turvo acquired visibility specialist Odyn. (Journal of Commerce)
The Greenbrier Cos. bought the manufacturing assets of American Railcar Industries for $430 million. (St. Louis Post-Dispatch)
|