Eurozone industrial output fell 0.5% in April in the second straight monthly decline. (WSJ)
U.S. consumer inflation inched up 0.1% in May. (WSJ)
Walmart Inc. is absorbing what remains of Jet.com staff into the rest of its operations. (WSJ)
Norway’s sovereign-wealth fund is moving its money into renewable energy and winding down fossil-fuel investments. (WSJ)
Supermarket giant Kroger Co. is starting construction of its first highly-automated customer fulfillment center in Monroe, Ohio. (WTWT)
North American orders for industrial robots declined 3.2% by value in the first quarter. (DC Velocity)
Ford Motor Co. plans to shut an engine factory in the U.K. and shift production to Mexico. (Automotive Logistics)
Truck freight traffic between the U.K. and the European Union fell sharply in May. (Lloyd’s Loading List)
Crocs Inc. says it may cut its footwear production in China by half under new tariffs. (Sourcing Journal)
Truck engine-maker Cummins Inc. says its costs from higher tariffs have overtaken all its benefits from the 2017 tax cut. (Quartz)
Target Corp. is developing a blockchain platform and is working with suppliers to include sourcing data in the system. (Supply & Demand Chain Executive)
Target expanded its same-day shipping service across 47 states. (CNBC)
Port operator DP World will work with Russian groups to develop commercial operations on Arctic shipping routes. (American Shipper)
Shanghai International Port Group is selling $700 million in bonds in two tranches on the Hong Kong Stock Exchange. (Lloyd’s List)
Hapag-Lloyd AG Chief Financial Officer Nicolas Burr will leave the container shipping line next year. (TradeWinds)
Demand for flatbed trucking on the spot market fell 9.3% from April to May. (Logistics Management)
North Carolina-based freight broker Crystal Transportation Services filed for chapter 11 bankruptcy protection. (Business Journals)
|