A large majority of economists in a survey expect the U.S. economy to be in recovery by the third quarter. (WSJ)
The ranks of Americans drawing on unemployment benefits declined slightly in the week ended May 30 to 20.9 million. (WSJ)
The net worth of U.S. households fell at a record pace in the first three months of this year. (WSJ)
U.S. producer prices rebounded in May, rising 0.4% after a record decline in April. (MarketWatch)
The U.K. economy shrank by a fifth in April, a decline that exposes the cost of nationwide lockdowns. (WSJ)
Boeing has told major supplier Spirit AeroSystems to halt parts production for 737 MAX jets as it tries to avoid creating a glut of new planes. (WSJ)
Mitsui E&S Holdings Co. has agreed to begin talks to sell its naval ship business to Mitsubishi Heavy Industries Ltd., the companies said, but didn't disclose financial terms. (Dow Jones Newswires)
A major federal effort to ship protective gear to nursing homes is providing equipment such as plastic gowns that some facilities say is unusable. (WSJ)
Dealers, politicians and regulators in Australia are fighting General Motors’ decision to scrap much of its business in the country. (WSJ)
Hertz Global Holdings is selling up to $1 billion in shares, despite a bankruptcy that threatens to wipe them out. (WSJ)
Argentina’s government is moving to seize agricultural company Vicentin, a top grain exporter. (WSJ)
DoorDash is close to securing new funding that would value the largest U.S. meal-delivery company at more than $15 billion. (WSJ)
Nestlé is exploring a sale of most of its North America waters business. (WSJ)
U.S. officials are worried about growing coronavirus outbreaks among fruit and vegetable packers. (Reuters)
Beauty-products retailer Sephora says it is committed to sourcing at least 15% of its goods from black-owned suppliers. (New York Times)
Amazon is taking over a former Scholastic distribution center in Danbury, Conn. (Danbury News Times)
Frost & Sullivan expects the warehouse automation market to nearly double to $27.2 billion by 2025. (Modern Materials Handling)
Supply-chain software firm Descartes Systems Group bought digital freight platform Kontainers in a deal worth up to $12 million. (The Loadstar)
Berlin-based logistics company Sennder acquired French rival Everoad. (Bloomberg)
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Former U.S. Federal Maritime Commissioner William Doyle was named executive director of the Maryland Port Administration. (Journal of Commerce)
Robert Voltmann is leaving the Transportation Intermediaries Association after 23 years as president and chief executive. (DC Velocity)
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