U.S. imports fell 0.2% from June to July while rising auto shipments pushed a 1.3% expansion in exports. (WSJ)
New weekly unemployment claims in the U.S. fell to a fresh pandemic low. (WSJ)
Prices for lithium-based chemicals that go into rechargeable batteries used in electric vehicles have more than doubled since last December. (WSJ)
Copper prices have fallen to their lowest level since June 2020. (WSJ)
Canada’s exports of lumber and other sawmill products plummeted 23.6% in July. (Dow Jones Newswires)
Alibaba Group Holding vowed to spend the equivalent of $15.5 billion fostering social equality under the country’s push for “common prosperity.” (WSJ)
Walmart will raise pay for hundreds of thousands of its U.S. store workers. (WSJ)
Japan’s Mitsubishi Motors is building an auto assembly plant in Bangladesh. (Nikkei Asia)
Quarterly revenue at apparel retailer Land’s End jumped 28.8% over the same period two years ago and e-commerce revenue was up 32.5%. (Women’s Wear Daily)
Illinois-based tanker-truck operator Dillon Logistics ceased operations. (Commercial Carrier Journal)
Cosco-owned Orient Overseas Container Line is buying 10 ships with capacity for the equivalent of 16,000 containers each. (Splash 247)
South Korea’s HMM and unions representing seafarers and office workers reached a contract agreement that averts a potential walkout. (Maritime Executive)
Chemical shippers say ocean carriers are unfairly turning away their shipments. (Journal of Commerce)
Navios Maritime Holdings swung to a $24.9 million second-quarter profit on rising ship-charter prices. (Lloyd’s List)
Last-mile delivery technology company OneRail raised $9 million in a Series A funding round. (Logistics Management)
Amazon is seeking to recruit delivery drivers by noting prominently that the company doesn’t screen for marijuana use. (Bloomberg)
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