AP Moeller-Maersk more than tripled its second-quarter net profit to $427 million despite falling container freight volumes and raised its outlook for the year. (Dow Jones Newswires)
Target posted the strongest quarterly growth in its history, including a near tripling of digital sales, driven by same-day pickup and delivery services.
The U.S. Postal Service is suspending controversial operational changes until after the November election. (WSJ)
Russia began work on one of the world’s largest polymer plants, a facility that will produce plastic components intended for China. (WSJ)
Boeing plans more job cuts in response to a drop in jetliner demand it expects to continue for at least three years. (WSJ)
Home Depot’s second-quarter revenue soared 23% and earnings rose 24% to $4.33 billion. (WSJ)
BHP Group says it wants to stop mining thermal coal and will seek buyers for some older oil and gas assets. (WSJ)
Canada-based warehousing robotics startup Attabotics raised $50 million in a Series C funding round. (WSJ)
A measure of crude tanker demand fell sharply in July, with preliminary August data suggesting the decline is continuing. (Lloyd’s List)
Cargo volumes at Canada’s Port of Halifax are soaring as a dockworkers’ strike in Montreal extends into a second week. (CBC)
Mauritius arrested the captain of a Japanese bulk carrier that ran aground off its coast, triggering an environmental disaster. (MarineLink)
British retailer Marks & Spencer is cutting 7,000 jobs, or 9% of its workforce. (The Guardian)
India’s neighborhood grocery stores turned to business-to-business digital technology to replenish stocks as supply chains faltered during the country’s lockdown. (LiveMint)
Grocery chain Kroger will use sustainable packaging for its Own Brands private-label products. (Supermarket News)
Consumer-goods supplier Unilever will work with Orbital Insight on using geolocation technology to monitor its palm oil supply chain. (FoodBev)
Amazon is building a 1 million-square-foot distribution center about 25 miles southwest of Poughkeepsie, N.Y. (Syracuse Post-Standard)
Amazon opened a 1 million-square-foot distribution center outside Memphis, Tenn., its fourth in the area. (Daily Memphian)
Shipping-supply provider Uline is opening a 900,000-square-foot distribution center in Reno, Nev. (Reno Gazette Journal)
Apollo Global Management dropped talks to acquire Big Lots due to a sale-leaseback deal the discount retailer has for some of its distribution centers. (Bloomberg)
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