Orders from U.S. factories contracted 4.8% in June from May, declining for two of the past three months, the Commerce Department said. (WSJ)
An index of U.S. employment fell to its lowest point since October, as concerns rise about the resilience of the jobs market after large downward revisions to official data. (WSJ)
Trump said he would be “substantially raising” tariffs on India, currently set to jump to 25% this week, over its purchasing of Russian oil. (WSJ)
The European Union is preparing to suspend a package of retaliatory tariffs it had intended to impose on the U.S. if it failed to secure a trade deal by Aug. 1. (WSJ)
The Swiss government signaled it is prepared to make trade concessions to the U.S. after being stunned by an unexpectedly high tariff rate of 39% last week (WSJ)
Boeing workers at its St. Louis-area defense business went on strike after rejecting the aerospace company’s latest contract offer. (WSJ)
BP made what could be its biggest oil and gas discovery in 25 years in the deepwater Santos basin off the Brazilian coast. (WSJ)
Tesla’s board approved a stock award for Elon Musk that it tentatively valued at $23.7 billion. (WSJ)
Harley-Davidson appointed Artie Starrs, head of sports-entertainment company Topgolf, to be its new chief executive. (WSJ)
TGS Logistics shut down last week, the second California drayage company to fold in less than a month. (Journal of Commerce)
Japan’s Kawasaki Kisen Kaisha, or K-Line, expects the effect of U.S. auto tariffs to be lower than it previously forecast. (Bloomberg)
Chinese exports of surplus plastics this year are pushing down prices for producers in Japan and elsewhere. (Nikkei Asia)
Diana Shipping is now the biggest holder of Genco Shipping & Trading shares, with 9.99%, after buying an additional $15.8 million worth since July 17. (Lloyd’s List)
Ocean carriers have been warned to proceed with extreme caution near Yemen after Houthi militants last week vowed to escalate attacks on ships in the Red Sea. (The Loadstar)
Descartes Systems said it acquired cloud-based inventory-management company Finale Inventory for $40 million, plus a potential performance-based consideration of as much as $15 million.
Canada’s postal union members voted to reject Canada Post’s final contract proposals. (Supply Chain Brain)
Amazon broke ground on a new, 930,000-square-foot logistics center in Little Rock, Ark. (Transport Topics)
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