Sales in the U.S. of previously owned homes rose in August for the third consecutive month of sales increases. (WSJ)
Tesla expects to grow 30% to 40% in 2020 but foresees battery shortages in the coming years. (WSJ)
Ford Motor will build electric cars outside Toronto under a tentative agreement with unionized workers in Canada. (WSJ)
Nike’s sales fell just 1% in the quarter ending Aug. 31 and digital sales rose 82%. (WSJ)
Apparel retailer Ralph Lauren is cutting its workforce by roughly 15%. (WSJ)
A judge is drawing tight lines around Garrett Motion‘s bankruptcy plan as investors voice complaints about the auto supplier’s restructuring strategy. (WSJ)
Fast-casual dining chain Sizzler USA filed for bankruptcy protection. (WSJ)
A coalition of 156 countries agreed to a World Health Organization plan for rapid global distribution of any new coronavirus vaccines. (The Guardian)
Chinese electric-vehicle startup WM Motor raised $1.5 billion in a funding round boosting its effort to challenge Tesla. (Nikkei Asian Review)
Mall owner Brookfield plans to cut 20% of the jobs in its retail business and dispose of an undisclosed number of properties. (Financial Times)
Appliance sellers in the U.S. are coping with a shortage of refrigerators. (NPR)
Land O’Lakes and Coca-Cola are cooperating on a project aimed at reducing empty truck miles. (Supply Chain Dive)
PepsiCo plans to source all its electricity for its operations from renewable energy by 2030 and across its entire supply chain by 2040. (Beverage Daily)
Home-improvement retailer Lowe’s is rolling out parcel pickup lockers at its U.S. stores. (Business Journals)
CMA CGM brought into service the first of nine ultra-large container ships powered by liquefied natural gas. (ShippingWatch)
Combined loaded container imports into the ports of Seattle and Tacoma fell 3.9% in August and exports were down 26.6%. (Lloyd’s List)
CMA CGM added a surcharge on shipments through the U.K.’s heavily congested Port of Felixstowe. (Journal of Commerce)
Logistics group DB Schenker is working with German aviation startup Volocopter to test heavy-lift drones. (Reuters)
Quarterly profit at Malaysia-based Top Glove, the world’s largest maker of rubber gloves, soared 1,646%. (Straits Times)
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