U.S. Federal Reserve officials signaled they expect to raise interest rates by late 2023, earlier than previously expected. (WSJ)
Growth in China’s industrial production and retail sales moderated in May. (WSJ)
General Motors raised its target for investment in electric and autonomous vehicles by about 30%, to $35 million through 2025. (WSJ)
Waymo raised $2.5 billion in a funding round as it bulks up investment in autonomous freight-hauling technology. (WSJ)
Johnson & Johnson is alleging “numerous irregularities” in the voting for a former supplier’s bankruptcy plan. (WSJ)
Gartner says the share of women working at the executive level in supply chains has fallen from 17% in 2020 to 15% this year. (Modern Materials Handling)
Online pet store Chewy says stock-outs cost the company $40 million in missed sales last quarter. (Supply Chain Dive)
Sharply-divided delegates at the International Maritime Organization set aside negotiations on a proposed carbon levy for ships. (Lloyd’s List)
Yantian International Container Terminal says the logjam at the Chinese port is easing. (The Loadstar)
Crude transports to China have fallen to the lowest level in three years. (TradeWinds)
The Panama Canal increased the length of vessels allowed to transit the waterway by almost 10 feet. (Dow Jones Newswires)
Ship operator Norden is issuing $100 million in bonds to fund expansion in the dry-bulk sector. (ShippingWatch)
Bringg raised $100 million in a Series E funding round that values the delivery logistics and fulfillment platform at $1 billion. VentureBeat)
Retailer Neiman Marcus is buying machine-learning startup Stylyze. (Dallas Morning News)
Philadelphia’s airport is tripling warehousing space under a broad airfreight expansion. (Air Cargo News)
Fast-fashion merchant Boohoo is facing a shareholder revolt over its role in a labor abuse scandal among its U.K. suppliers. (Financial Times)
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