The U.S. unemployment rate fell sharply to 13.3% in May as coronavirus restrictions eased. (WSJ)
A real-estate industry survey shows sales of new homes surged in the U.S. in May. (WSJ)
The Trump administration eased off plans to block passenger flights by mainland Chinese airlines to the U.S. (WSJ)
Federal stimulus money for airlines is keeping them afloat through the pandemic, but it’s not enough to sustain the industry at its pre-pandemic size. (WSJ)
Some U.S. shale drilling companies are restarting wells that had been idled as oil prices plunged. (WSJ)
J.C. Penney is closing 154 of its department stores as it restructures under bankruptcy protection. (WSJ)
Walmart is getting into secondhand clothing sales through an e-commerce partnership with resale platform thredUp. (WSJ)
Sales at Gap fell 43% in the apparel retailer’s most recent quarter while online sales doubled in May. (WSJ)
Household-goods supplier Li & Fung is cutting about 70% of its procurement staff. (Sourcing Journal)
Steel and petrochemical prices are rising on growing demand from China. (Nikkei Asian Review)
CMA CGM is expecting stronger second-quarter results despite falling container volumes after posting a $48 million first-quarter net profit. (Lloyd’s List)
Germany is providing about $1.1 billion in state aid to its shipping industry. (ShippingWatch)
An engine-room explosion injured a crew member and disabled a Maersk Line container ship about 250 miles off the Maryland coast. (WJZ)
Several firefighters were injured trying to put out a large fire on a car-carrier vessel at Florida’s Port of Jacksonville. (Florida Times-Union)
A fire heavily damaged a Redlands, Calif., distribution center that Kuehne + Nagel International operates for Amazon. (CNN)
Truck maker Navistar International is still coping with shortages of parts from Mexico in its U.S. operations. (Transport Dive)
U.K. trucker Eddie Stobart Logistics is preparing layoffs of about 100 workers. (Motor Transport)
Shanghai’s logistics operators are reveling in a “chaotic” boom in coronavirus-driven shipping demand. (South China Morning Post)
A co-founder of defunct delivery startup Shyp launched a venture called Airhouse offering logistics services to direct-to-consumer brands. (Fast Company)
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