Lowe’s said it agreed to buy Foundation Building Materials for $8.8 billion as the home-improvement retailer posted quarterly sales growth and raised its full-year revenue outlook.

The Wall Street Journal’s Nicholas G. Miller and Colin Kellaher write that Lowe’s is buying the distributor of interior building products from two private-equity firms to bolster its offerings to professional customers. Lowe’s relies on spending for DIY projects more than rival Home Depot, which has a larger business serving pro builders.

The deal is just the latest targeting the construction supply chain, even as the housing market languishes. Lowe’s agreed to acquire interior-finishes company Artisan Design Group in April, Brad Jacobs’ QXO clinched a deal for Beacon Roofing Supply in March, Quikrete Holdings agreed to buy Summit Materials in November and Home Depot bought roofing company SRS Distribution in March of last year.

• T.J. Maxx parent TJX raised its full-year profit outlook after logging higher-than-expected earnings and sales in the latest quarter. (WSJ)
• Guess agreed to be taken private by Reebok and Champion owner Authentic Brands in an all-cash deal valuing the clothing retailer at about $1.4 billion. (WSJ)
• Hertz will sell used vehicles directly to consumers through Amazon’s automotive marketplace. (WSJ)

Supply-chain risk management company Overhaul raised $105 million as it seeks to capitalize on growing demand for freight-tracking services, in part to combat cargo theft. The WSJ Logistics Report’s Liz Young writes that the Series C funding round was led by Springcoast Partners and Edison Partners, with additional debt financing from MidCap Financial.

Austin, Texas-based Overhaul sets shippers up with tracking devices that link to its platform and allow the technology provider to monitor shipments in real time. It will use the new funding to invest in AI technology and make acquisitions. The company this week acquired supply-chain technology company FreightVerify for an undisclosed amount.

Overhaul has raised $215 million since it was founded in 2016, including this latest round. The company declined to disclose its current valuation.

U.S. allies are still waiting for the Trump administration to lower tariffs on cars, steel and other crucial exports, weeks after they pledged to invest billions of dollars and buy more American goods.

The Journal’s Jason Douglas writes that the Trump administration agreed to lower duties in a rapid series of deals, but has so far left sensitive tariffs in place. Japan and South Korea struck deals to bring auto tariffs down to 15% from 25%, but that higher levy is still being collected. The U.K. was the first to reach a deal, but still awaits a cut in steep steel tariffs. The EU is also waiting for relief on auto tariffs and is negotiating improved terms for steel producers.

The delays have sown doubts about future U.S. trade policy among businesses and policymakers. An administration official said the U.S. agreed to discuss and possibly adjust these tariffs, but didn’t make a firm commitment to change them as part of these initial pacts.

Japan’s exports fell 2.6% in July from a year earlier, the third straight month of declines and the biggest drop in over four years. (WSJ)

U.K. annual inflation rose to an 18-month high last month, with consumer prices 3.8% higher than in July of last year. (WSJ)

Trump signaled support for a giant Arizona copper mine following a meeting with the heads of Rio Tinto and BHP, a day after the project was delayed by a court injunction. (WSJ)

General Motors in the past eight months has made nearly a dozen hires from top tech companies to build an AI center of excellence. (WSJ)

Airbus employees in the U.K. plan to strike for 10 days next month over a wage dispute. (WSJ)

J.B. Hunt Transport Services has cut by nearly half a $1,500 peak-season surcharge it imposed more than a month ago. (Journal of Commerce)

The global supply of electric-vehicle batteries is on track to be more than three times demand as the market for EVs cools. (Nikkei Asia)

Israel’s Zim said it expects spot rates to ship containers across the Pacific to remain weak for the rest of the year. (Lloyd’s List)

The CEO of Canada’s Davie Shipbuilding says developing American shipbuilding capacity is the key to winning a contract to build U.S. icebreakers. (gCaptain)

U.S. regulators asked Walmart to recall frozen, raw shrimp sold in 13 states because of potential radioactive contamination. (Associated Press)

The Port Authority of New York and New Jersey broke ground on a project to triple truck parking at JFK International Airport to 150 spaces. (Transport Topics)

Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.