Separate plans by the European Union and China to slash greenhouse-gas emissions will bring higher costs to companies and consumers while signaling new urgency to act on environmental issues. The EU is proposing a sweeping economic overhaul that would sharply cut the bloc’s reliance on fossil fuels and place the first-ever levies on imports from high-emitting countries, the WSJ’s Matthew Dalton and Sha Hua report, a provision that could trigger big changes in global trade. The EU plan could also hit the shipping sector directly with a proposed tax on international shipping emissions and a requirement that operators buy cleaner fuels. It would also direct ports to build the infrastructure to distribute fuels such as liquefied natural gas. China, meantime, plans to launch an emissions-trade system focused only on its own companies. That would start with power companies but would grow to take in manufacturers and the aviation sector.

Most companies kept their sustainability goals relatively on track during a year of turmoil in supply chains. A new survey says more than 80% of executives say the pandemic that roiled their businesses either didn’t affect their targets or even led to stronger commitments on environmental, social and governance issues. The WSJ Logistics Report writes that the survey by Massachusetts Institute of Technology’s Center for Transportation and Logistics and the Council of Supply Chain Management Professionals found surprising resilience on sustainability goals during a year of upheaval. The study found a shift among companies, however, toward focusing more on social goals such as addressing concerns over racial equity and inclusion. Smaller companies were less likely to maintain their goals. But as one of the report’s authors put it, others saw the upheaval as “an opportunity to make change while change is possible.”

Time is running out on deliveries, as far as many cargo owners are concerned. The price of shipping goods through overburdened transportation networks keeps rising, but the WSJ’s Justin Lahart writes in a Heard on the Street column that the delays and long lead times for filling their orders has become a bigger problem. Only about 39% of container ships around the world were on time arriving at ports in May, according to Sea-Intelligence, down dramatically from historic norms, and the delays extend into domestic distribution channels. Business surveys show a massive slowdown in supplier delivery times in recent months, boosting inventory carrying costs for suppliers while costing buyers lost sales. On the commodity side, the Department of Agriculture says there were shortages of available trucks from 18 of 23 specialty crops markets in the past week. Experts see little chance of relief this year.

China’s economy expanded 7.9% in the first quarter, a slowdown from the previous quarter. (WSJ)

The Federal Reserve says the U.S. economy’s recovery strengthened going into the summer as consumers spent more on services. (WSJ)

President Biden’s executive order on competitiveness could reshape ocean and rail freight transport operations that have been built through consolidation. (WSJ)

OPEC reached an agreement with oil producers to boost global crude supplies. (WSJ)

Lumber prices are falling sharply from historic highs in May. (WSJ)

Delta Air Lines swung to a $652 million second-quarter profit as passenger vacation travel rebounded while cargo revenue expanded 35%. (WSJ)

Alibaba and Tencent are considering gradually opening up their services to one another. (WSJ)

Vietnamese factories serving Samsung and a major Nike and Adidas supplier suspended operations after coronavirus outbreaks. (Nikkei Asia)

Chinese on-demand delivery firm Lalamove is pushing back plans for a U.S. initial public offering as Beijing cracks down on tech firms. (The Information)

South African port terminal manager Transnet suspended operations at two ports and declared force majeure amid civic unrest in the country. (Maritime Executive)

European shipowners are registering and flagging tankers in Cyprus to get around restrictions on trade in Venezuelan crude. (Lloyd’s List)

Royal Dutch Shell is buying six more liquefied natural gas carriers from South Korean shipbuilders. (Splash 247)

Taiwan’s Evergreen Marine is adding 6,000 refrigerated containers to its fleet. (The Loadstar)

Authorities in Copenhagen approved plans to build a container terminal to open at the Danish port in 2023. (Port Technology)

Walmart is adding supplier truck fleets to its effort to reduce carbon emissions in its supply chain. (Supply Chain Dive)

Walmart will use artificial intelligence tools from Symbotic at 25 of its U.S. distribution centers. (Chain Store Age)

Sam’s Club is testing a "scan and ship" feature to allow shoppers to buy big items in stores and have them automatically shipped to their homes. (Dallas Morning News)

Liquidators will shut down the U.K.’s Arcadia group of retail companies. (Financial Times)

Supply-chain risk management firm Everstream Analytics named Julie Gerdeman chief executive officer. (Supply Chain 247)

Paul Page is editor of WSJ Logistics Report. Write to him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @jensmithWSJ. Follow the WSJ Logistics Report on Twitter at @WSJLogistics.