U.S. retail sales rose 0.6% from May to June on robust purchasing at restaurants and clothing stores. (WSJ)
OPEC and its Russia-led oil-producing allies agreed to release millions of barrels of bottled-up crude over the next two years. (WSJ)
Electric-truck startup Lordstown Motors said the Justice Department is investigating its business. (WSJ)
U.S. regulators suspended operations of the Transair airline whose cargo plane crashed into the Pacific Ocean. (WSJ)
Honda Motor is prepared to shift to selling only electrified vehicles earlier than planned if the European Union tightens regulations sooner. (Nikkei Asia)
FedEx will invest $100 million in Mumbai-based Delhivery and will transfer “certain assets” to the Indian express delivery company. (Economic Times)
The rate benchmark Shanghai Containerized Freight Index went past 4,000 for the first time in its history. (Splash 247)
Container shipping lines are loading costly new surcharges onto their basic charges to cargo owners. (The Loadstar)
Backlogs in handling ships and inbound containers at the ports of Los Angeles and Long Beach have been growing again. (Dow Jones Newswires)
Bad weather will delay the Ever Given’s arrival at the Port of Rotterdam by several days. (Lloyd’s List)
Kansas City Southern swung to a $378.6 million second-quarter loss on costs related to its proposed merger with Canadian National. (MarketWatch)
A labor rights group says canceled contracts and price cuts during the pandemic have cost Asia’s garment workers some $12 billion in compensation. (Financial Times)
U.K. construction companies say a shortfall of available truck drivers to deliver supplies is hampering projects. (Motor Transport)
Distributor MSC Industrial Direct is raising prices for the second time this year on “significant pricing activity” from suppliers. (Supply Chain Dive)
Wilson Sporting Goods is opening several stores as it pursues a direct-to-consumer strategy. (Retail Dive)
Logistics technology firms Kuecker Logistics, Pulse Integration, and QC Software are merging into a single business. (DC Velocity)
Developer Robinson Weeks Partners started construction of 1.3 million square feet of speculative warehouse space in Atlanta. (Business Journals)
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