Canada’s economy grew 0.3% in April. (WSJ)
The European Union and South America’s Mercosur customs union clinched a trade deal covering a quarter of the world’s economy. (WSJ)
The European Union signed a trade agreement that will eliminate most tariffs between the markets over time. (New York Times)
Food distributor Performance Food Group Co. will acquire Reinhart Foodservice for $2 billion in a deal partly aimed at tackle rising logistics costs. (WSJ)
U.S. agriculture regulators say more corn acreage was planted this spring than last year despite record wet weather. (WSJ)
Analysts expect Tesla Inc. to report record quarterly car deliveries this week. (WSJ)
Apparel retailer Hennes & Mauritz AB trimmed its store expansion plans to focus more on digital sales. (WSJ)
A measure of China’s factory activity slowed in June. (Reuters)
Australia expanded its projection for growth in the country’s iron ore exports in the near term. (Sydney Morning Herald)
Singapore sovereign wealth fund Temasek Holdings invested $300 million for a 21.7% stake in the logistics unit of consumer goods supplier Li & Fung. (Straits Times)
British apparel retailer Burberry plans to reduce greenhouse gas emissions in its supply chain by 95% by 2022. (Logistics Manager)
A multi-car train derailment shut down traffic in the international tunnel connecting Michigan’s Port Huron to Sarnia, Ontario. (Associated Press)
Clothing subscription company Rent the Runway is placing drop boxes for returns at some Nordstrom Inc. stores. (CNBC)
Germany's Deutsche Bahn plans a major increase in freight rail capacity for China-bound shipments. (Nikkei Asian Review)
Container terminal operator DP World acquired offshore logistics company Topaz Energy & Marine for $1.1 billion. (Financial Times)
South Korea’s Hyundai Merchant Marine Co. joined THE Alliance group of container shipping lines. (Shipping Watch)
The Los Angeles City Council pushed back a move toward automation at the Port of Los Angeles by telling port to study the economic impact of the plan. (Daily Breeze)
Moody’s Corp. expects more seaport container terminals will move to automated cargo handling over the next 10 years. (American Shipper)
Morocco’s Tanger Med port is expanding container operations under an agreement with APM Terminals. (Port Technology)
Washington state’s Port of Vancouver won’t pursue development of fossil fuel transport terminals. (The Columbian)
Japan’s Mitsui OSK Lines will issue another set of "green bonds" aimed at raising $186 million. (Lloyd’s List)
China Shipbuilding Industry Corp. signed deals for 24 tankers and bulk cargo ships with a total value of $2.08 billion. (Splash 247)
Flint Hill Resources is selling its crude oil export terminal outside Houston. (Houston Chronicle)
The Massachusetts Port Authority named Port Director Lisa Wieland as chief executive at Massport. (Boston Herald)
Truck engine manufacturer Cummins Inc. will acquire hydrogen-fuel products supplier Hydrogenics Corp. (Commercial Carrier Journal)
India’s freight trains will sell advertising to be displayed on the sides of railcars. (India Today)
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