U.S. retail spending rose 0.6% in August, a slower pace of growth than earlier in the summer. (WSJ)
Oil prices jumped as U.S. crude inventories fell to a five-month low. (WSJ)
The OECD expects the global economy to contract less sharply this year than it thought likely in June. (WSJ)
The U.S. government plans to begin shipping any Covid-19 vaccines within 24 hours of the shots getting regulatory approval. (WSJ)
A congressional report says Boeing’s 737 MAX program was troubled by design errors, lax oversight and a company culture “in serious need of a safety reset.” (WSJ)
The inability of many factory workers to find child care is holding back some U.S. manufacturers from revving up assembly lines. (WSJ)
Chinese parcel carrier ZTO Express plans to raise $1.56 billion in a listing of new shares in Hong Kong. (WSJ)
Drone cargo transport startup Volansi raised $50 million in a Series B round led by Icon Ventures. (WSJ)
Expedi raised $25 million in a funding round that values the energy-sector e-commerce services provider at $225 million. (WSJ)
General Motors plans to produce an interchangeable 'family' of electric vehicle drive systems and motors. (Reuters)
Japanese tire maker Bridgestone is closing its factory in France. (Agence France-Presse)
A JLL report says vacancy rates at Hong Kong logistics properties could double this year as retailers slash inventories. (South China Morning Post)
Dubai-based DP World is teaming up with an Israeli firm in a bid to run Israel’s Port of Haifa. (Associated Press)
Car carrier Wallenius Wilhelmsen expects to lose almost 25% of its business due to the impact of the pandemic. (Lloyd’s List)
Russian tanker operator Sovcomflot plans a public listing on the Moscow Stock Exchange by early October. (ShippingWatch)
Uber Technologies is selling its European freight business in an all-stock transaction to German logistics startup Sennder. (Bloomberg)
Amazon added nine planes to its air cargo fleet between May and July. (CNBC)
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