Maersk Line upgraded its outlook for declining container shipping volume in the second quarter. (WSJ)
A high number of workers continue to seek unemployment benefits each week, but applications have decreased from an early spring peak. (WSJ)
Home construction starts in the U.S. rose 4.3% in May, far below expectations. (WSJ)
Canada’s consumer prices fell for the second straight month in May. (WSJ)
OPEC still expects global crude demand to plunge by 17.3 million barrels a day in the second quarter. (WSJ)
U.S. Trade Representative Robert Lighthizer says the U.S.-China trade deal isn’t weakening despite recent conflicts between the two nations. (WSJ)
Stock in JD.com Inc. rose on its first day of trading in Hong Kong, as the Chinese e-commerce company completed a secondary listing. (WSJ)
The former CEO of Bumble Bee Foods was sentenced to more than three years in jail for his role in a conspiracy to fix canned tuna prices. (WSJ)
The U.S. is facing a shortage of coins because few have been circulating through a locked-down economy. (WSJ)
South Korea's SK Materials has started mass producing a crucial chipmaking gas as the country seeks to shift semiconductor supply chains away from Japan. (Nikkei Asian Review)
Japanese resale platform Mercari is looking to expand in the U.S. through an agreement with Postmates for same-day pickup and delivery. (Modern Retail)
Consumer-goods supplier Unilever wants to achieve net-zero emissions for its products by 2039. (Material Handling & Logistics)
Measures of on-time delivery by FedEx and United Parcel Service fell to their lowest levels of the year in May. (Supply Chain Dive)
Airfreight rates are declining as demand for protective medical gear eases. (Air Cargo News)
Idled container ship capacity is ticking down as charter activity picks up. (Splash 247)
Southeast Asian ports will need $13 billion in upgrades to handle additional volumes if supply chains shift there from China. (Lloyd’s List)
The Port of Long Beach expects to open a replacement for its Gerald Desmond Bridge in August. (AJOT)
Building large container ships is a complicated manufacturing operation that has continued despite the pandemic. (New York Times)
British freight operator Wincanton says the pandemic cut its business by 10% but that revenues rose 7% in May. (The Loadstar)
Norfolk Southern will close an Ohio rail yard that it opened only eight years ago. (Toledo Blade)
Freight rail operator Omnitrax named former Union Pacific chief operating officer Cameron Scott as its chairman. (Trains)
Nikola CEO Trevor Milton wrongly told an audience in 2016 that a prototype electric was operable. (Bloomberg)
|