U.S. consumer prices rose 5.4% in June from last year’s pandemic-hit level. (WSJ)
The International Energy Agency says crude markets face “a deepening supply deficit” if OPEC members don’t agree to increase output. (WSJ)
Retailers are seeing a sharp increase in returns fraud, in which consumers claim they never received their online orders even though they did. (WSJ)
Conagra is hiking prices across its brands after rising costs for ingredients, freight and packaging hit the food supplier’s margins. (Dow Jones Newswires)
United Airlines’ venture fund and Mesa Air are investing in Swedish electric-plane developer Heart Aerospace and plan to buy 100 of the aircraft apiece. (WSJ)
A major U.S. Virgin Islands oil refinery filed for bankruptcy protection for the second time in six years. (WSJ)
Panasonic will halt production of a key component for rooftop solar cells because of the semiconductor shortage. (Nikkei Asia)
China’s semiconductor imports are growing rapidly despite the global shortage of chips. (South China Morning Post)
Orders for new ships at South Korean shipyards reached a 13-year high in the first half of 2021. (Maritime Executive)
The Suez Canal Authority took in a record $5.84 billion in revenue in the past fiscal year on increasing ship transits. (Al Jazeera)
Stena Bulk will charter 10 big tankers from financially-troubled sister company Concordia Maritime. (Lloyd’s List)
U.S. shipping line Crowley Maritime will build and operate the country’s first electric tugboat. (Ship & Bunker)
An international consortium is developing a project in Western Australia to deliver hydrogen or ammonia fuel to shipping and other sectors. (Splash 247)
Cushman & Wakefield says vacancy rates for U.S. logistics properties hit a record low of 4.5% in the second quarter. (Supply Chain Dive)
Home furnishings chain HomeGoods is building a 1 million-square-foot distribution center in Fort Worth, Texas. (D Magazine)
Global exports of champagne have surged 43% this year after demand fell drastically in 2020. (Bloomberg)
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