Economists estimate the U.S. economy returned to its pre-pandemic level with an 8.5 % growth rate in the second quarter. (WSJ)
Surveys of European businesses showed the strongest increase in activity for more than two decades. (WSJ)
Consumer-goods supplier Kimberly-Clark cut its guidance on higher materials costs and slowing sales of toilet paper and other paper goods. (WSJ)
Parts supplier Altra Industrial Motion says it has a record-high order backlog. (WSJ)
Oil-field services giant Halliburton sees an “unfolding multi-year upcycle” in oil markets. (Houston Chronicle)
The Food and Drug Administration wants greater oversight over medical-device supply chains. (Supply Chain Dive)
A cyberattack disrupted container operations at South Africa’s Durban and Cape Town ports. (Reuters)
Hong Kong exporters say delays to get goods on container ships have stretched to 10 days. (The Loadstar)
Iran opened an oil export terminal on the Gulf of Oman aimed at bypassing the Strait of Hormuz shipping route. (Lloyd’s List)
Dubai’s DP World will work with Russia to develop container shipping operations along an Arctic route. (Maritime Executive)
Canada’s export agency plans for its portfolio to carry net zero carbon emissions by 2050. (Bloomberg)
The U.S. Bank Freight Payment Index measuring freight spending rose 10.1% in the second quarter from the first three months of the year. (Logistics Management)
Indian food-delivery startup Zomato launched an initial public stock offering that valued the company at more than $12 billion. (CNBC)
Second-quarter sales at the Genuine Parts industrial subsidiary jumped 33.2% to $1.59 billion. (Industrial Distribution)
United Airlines is dropping its cargo-only flights using passenger aircraft. (American Shipper)
Amazon is opening a second distribution center in Waukegan, Ill. (The Real Deal)
Canada Post is testing the use of cargo tricycles to deliver packages via bike trails. (Post & Parcel)
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