Cash-strapped Tesla Inc. wants some suppliers to refund a portion of what the company has paid them since 2016 and reduce prices on existing contracts. (WSJ)
Oil producers are ordering more equipment and lining up drilling rigs for later this year. (WSJ)
Iranian companies are struggling to find financing to import needed supplies following new U.S. sanctions. (WSJ)
Honeywell International Inc. second-quarter warehouse-automation revenue rose 13% and the unit is working on a warehouse with Amazon.com Inc. (WSJ)
Platform Specialty Products Corp. is selling its agricultural-chemicals business to UPL Corp. for $4.2 billion. (WSJ)
Specialty retailer Brookstone Inc. is shopping for bankruptcy financing to fund operations if it files for chapter 11 protection. (WSJ)
Textile workers in Bangladesh are seeking to triple their minimum wage. (Sourcing Journal)
Target Corp. is rolling out same-day delivery in New York City through Shipt. (Minneapolis Star-Tribune)
Analysts say Under Armour Inc. faces ongoing problems with excess inventory. (MarketWatch)
E-commerce platform Shopify will integrate logistics software from TrueCommerce in its systems. (DC Velocity)
Newsprint prices are at the highest level in a decade under new U.S. tariffs. (Financial Times)
ExxonMobil Corp. expects liquefied natural gas to account for 10% of the marine fuel market by 2040. (Lloyd’s List)
The United Arab Emirates is scrambling to gain control of ports in East Africa through the DP World business majority-owned by Dubai. (The Economist)
Nigeria’s port operations are increasingly chaotic, with striking truckers blocking land access and container ship arrivals halted. (Maritime Executive)
CMA CGM SA took over Cosco China Shipping Ltd. 10% stake in a container terminal at Belgium’s Port of Zeebrugge. (Shipping Watch)
Union Pacific Corp.’s second-quarter net profit jumped 29% to $1.51 billion as revenues grew faster than the 4% gain in freight volume. (Progressive Railroading)
Rail equipment supplier GATX Corp. sees “a more favorable industry environment” despite declining second-quarter profits. (Railway Age)
Kuehne + Nagel International AG’s profit climbed 9.6% to $393 million in the first half of the year and airfreight volume soared 18.1%. (Lloyd’s Loading List)
Financially-troubled British trucker DX Group says it is on track to trim its losses this year. (Motor Transport)
Rhenus Logistics acquired fellow German freight operator C. Spaarman Logistics. (Nieuwsblad Transport)
Amazon won a patent for a robot that can throw things around warehouses. (GeekWire)
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