U.S. service sector activity contracted at a far slower pace in June. (WSJ)
More than 40 American business groups called on China to step up purchases of U.S. manufactured goods and other products as part of a trade deal with the U.S. (WSJ)
A bidder is offering Pier 1 Imports more than $20 million for the bankrupt retailer’s intellectual property and e-commerce business. (WSJ)
A federal judge ordered the Dakota Access pipeline serving U.S. shale drillers to shut down. (WSJ)
Natural-gas prices have rebounded, but they aren't expected to go much higher as supply surges. (WSJ)
Hyundai Motor began shipping hydrogen-powered heavy-duty trucks to food distributors in Switzerland. (Nikkei Asian Review)
Retail traffic in the U.S. has been falling in the last two weeks, particularly in states with rising coronavirus cases. (CNBC)
Japanese automakers are largely keeping their Mexican operations in place and paying workers more rather than shift manufacturing to the U.S. (Financial Times)
Some freight forwarders are tightening payment terms for shippers over growing cash-flow concerns. (Journal of Commerce)
Ardmore Shipping rejected a merger proposal from Hafnia that would create a business with 210 product tankers. (Lloyd’s List)
Mexican authorities found 102.5 kilos of cocaine on a Maersk Line container ship at the Port of Manzanillo. (Copenhagen Post)
Amazon will put a last-mile fulfillment center at a new logistics park in Napa County, Calif. (Napa Valley Register)
XPO Logistics sold a former Con-way shipping terminal in Nashville, Tenn., for $17.3 million. (Commercial Property Executive)
Mike O’Malley is leaving the Railway Supply Institute after two years as president. (Railway Age)
|