The number of U.S. workers seeking jobless benefits remains steady at a historically high level. (WSJ)
Consumer spending likely rebounded in May, but a recent increase in coronavirus infections threatens any recovery. (WSJ)
President Trump ordered a payment program to help lobster producers amid trade tensions that have slashed U.S. exports. (WSJ)
China is tightening restrictions on food imports as it seeks to stave off a coronavirus resurgence but is meeting resistance from governments of major food exporters. (WSJ)
The U.S. imposed sanctions on five Iranian ship captains for allegedly helming blacklisted ships to deliver gasoline from Iran to Venezuela. (WSJ)
U.S. private-equity firm Bain Capital agreed to buy insolvent airline Virgin Australia, charting a future involving fewer and smaller planes. (WSJ)
Pakistan International Airlines grounded 150 of its pilots after the government said nearly a third of the country’s pilots had fraudulent licenses. (WSJ)
Nike’s quarterly sales fell 38% but a 75% rise in digital sales helped cushion the decline. (WSJ)
Macy’s is laying off roughly 3,900 corporate staffers on expectations of only a gradual recovery from the pandemic. (WSJ)
Chuck E. Cheese parent CEC Entertainment filed for chapter 11 bankruptcy protection. (WSJ)
Ford Motor Co. is turning its most important vehicle—the F-150—into a rolling workstation, a bet that today’s pickup truck buyers crave technology and creature comforts.
Albertsons Cos. priced its initial public offering below expectations and its existing shareholders sold fewer shares than planned. (WSJ)
The owners of Hin Leong Trading Pte. Ltd. claimed unfair treatment after a report alleged serious irregularities at the distressed-energy trader, including a $3 billion-plus overstatement of its assets.
Prologis is preparing to dispose of 22 U.K. logistics properties in what’s projected to be the largest warehouse sale ever in Britain. (The Times)
Apple added 14 stores in Florida to the outlets it is shutting due to the surge in coronavirus cases. (Reuters)
Amazon and Flipkart will compel online merchants in India to display country-of-origin labels, amid high tensions between India and China. (Bloomberg)
Earnings for smaller crude tankers are tumbling as oil exports decline and inventories remain elevated. (Lloyd’s List)
The South Carolina Port Authority approved funding to start building a container terminal at the Port of Charleston. (Port Technology)
Freight rail traffic in Central Asia was suspended through the end of June because of congestion on Asia-Europe routes. (Railfreight)
An equipment shortage is driving up spot rates for some freight rail transport from Southern California. (Journal of Commerce)
DHL Express is adding about 400 workers to its U.S. operations. (Logistics Management)
Midwestern supermarket chain Schnuck Markets will use mobile logistics app Foodshed.io to connect to small, locally-owned farms. (Supermarket News)
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