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)
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