U.S. consumer inflation is rising at the fastest rate in six years. (WSJ)
Private-sector economic forecasters expect the U.S. unemployment rate to fall to a 50-year low. (WSJ)
China’s trade surplus with the U.S. hit a record monthly high as exports surged on trade tensions. (WSJ)
The International Energy Agency says global oil outages may push spare production capacity to the limit. (WSJ)
Delta Air Lines Inc. is cutting capacity after a second quarter that included a 19.1% gain in cargo revenue. (WSJ)
Uber Technologies Inc. is cutting more than 100 test-driver jobs from its autonomous vehicle program in Pittsburgh and San Francisco. (WSJ)
Second-quarter profit at industrial parts supplier Fastenal Co. rose 41.8% despite “meaningful drag” from rising freight costs. (MarketWatch)
Prices for truck transport in Europe rose 7.1% in the first quarter from a year ago. (Journal of Commerce)
Walmart Inc. is looking to sell its Japanese supermarket business Seiyu amid fierce competition from online rivals. (Japan Times)
South Korean retailer GS Retail Co. is investing $29 million in specialized U.S. online grocer Thrive Market Inc. (Yonhap)
Japanese parcel carrier Yamato Holdings Ltd. expects to report its third straight quarterly profit after recent price increases took hold. (Nikkei Asian Review)
Singapore Post plans automated post offices, grocery delivery and other changes in response to e-commerce. (Straits Times)
W.W. Grainger Inc. fleet maintenance unit Imperial Supplies opened a distribution center in eastern Pennsylvania. (Industrial Distribution)
Some 60,000 Australian sheep bound for foreign sales have been held for weeks since the government withdrew the exporter’s license. (The Australian)
|