U.S. crude prices closed above $80 per barrel for the first time in seven years. (WSJ)
Car sales in China fell 13% in the third quarter, including a 17% drop in September. (WSJ)
Chevron set an “aspiration” to reduce or offset carbon emissions from its operations to zero by 2050. (WSJ)
Hasbro CEO Brian Goldner is taking a medical leave of absence as the toy maker prepares for the holiday sales season. (WSJ)
Manufacturer Emerson Electric plans to merge two of its industrial software businesses with Aspen Technology in a roughly $11 billion deal. (WSJ)
Southwest Airlines canceled hundreds more flights after pulling 1,900 services over the weekend. (WSJ)
Japan’s economic output contracted 0.9% in August. (Nikkei Asia)
Growing stacks of unclaimed imports at Georgia’s Port of Savannah highlight the strains on congested U.S. shipping networks. (New York Times)
Canada’s Port of Vancouver is seeing growing delays for ships getting to berths and for trucks picking up containers. (The Loadstar)
Containers carried on bulk and other non-container cargo ships into the U.S. rose 32% in the first eight months of 2021 to the equivalent of 181,464 boxes. (Journal of Commerce)
John Fredriksen became the largest outside shareholder in the Euronav business that competes with his Frontline tanker operation. (Lloyd’s List)
XPO Logistics said Chief Information Officer Mario Harik will run the company’s less-than-truckload business. (Transport Topics)
U.K. online fashion retailer Asos warned its profit could fall more than a third this year because of supply-chain problems and Brexit. (Financial Times)
Discount clothing retailer Ross Stores is on track to open 65 stores this year. (Retail Dive)
Accenture is acquiring one of the largest systems integrators of enterprise technology vendor Infor’s asset management software. (DC Velocity)
U.S. orders for machine tooling technology reached the highest level for the first eight months of the year since 1998. (Industrial Distribution)
Supply-chain problems left a California restaurant with coffee cups but no saucers and broom sticks with no broom heads. (San Francisco Chronicle)
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