U.S. economic growth accelerated to 6.5% in the second quarter and economic output exceeded its pre-pandemic level. (WSJ)
New jobless claims in the U.S. slipped back to 400,000 last week. (WSJ)
Amazon’s second-quarter sales expanded 27% to $113.1 billion, slowing from earlier growth as the company set a restrained outlook for 2021. (WSJ)
Nikola founder Trevor Milton was indicted on securities-fraud charges for allegedly lying to investors about the startup’s business of making electric heavy-duty trucks. (WSJ)
XPO Logistics promoted Treasurer Ravi Tulsyan to chief financial officer. (WSJ)
Samsung Electronics’ second-quarter profit rose 73% to $8.37 billion on growing memory-chip business. (WSJ)
Japan’s Contemporary Amperex Technology is looking to make electric-vehicle batteries using sodium ions, potentially reducing costs and lifting performance. (WSJ)
Hyundai Motor and LG Energy Solution will build an electric vehicle battery factory in Indonesia. (Nikkei Asia)
The unions representing Canadian border guards authorized a strike that could begin as soon as Aug. 6. (Reuters)
Federal Maritime Commissioner Carl Bentzel says China’s control of container manufacturing poses a potential threat to U.S. national security. (Lloyd’s List)
Sea-Intelligence says container lines’ schedule reliability deteriorated in June. (ShippingWatch)
Safe Bulkers is ordering eight more dry-bulk carriers following its best quarterly profit in 12 years. (TradeWinds)
Second-quarter profit at Canadian Pacific Railway nearly doubled to about $1 billion as revenue grew 15% to about $1.65 billion. (CBC)
Rail supplier Wabtec raised its outlook after second-quarter earnings rose 44% to $125.2 million on a 15.8% gain in revenue. (Business Journals)
The Interstate 40 bridge across the Mississippi River in Memphis is expected to open next week after undergoing repairs for three months. (Heavy Duty Trucking)
Ryder System swung to a $149.1 million second-quarter profit on a 26% gain in revenue. (Transport Topics)
Malaysia’s AirAsia is seeking $100 million to expand its logistics arm. (TechInAsia)
Warehouse-focused inVia Robotics raised $30 million in a Series C funding round led by Microsoft’s venture fund and Qualcomm Ventures. (Modern Materials Handling)
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