Germany industrial production edged up 0.3% in May. (WSJ)
BASF SE slashed its profit forecasts on the continuing U.S.-China trade dispute and sluggish automotive demand. (WSJ)
The discount arm of Saudi Arabian Airlines Corp. dropped an earlier commitment to buy Boeing Co. 737MAX jets for an order from Airbus SE. (WSJ)
U.S. authorities seized the container ship found to be carrying a large cocaine shipment at the Port of Philadelphia and said they are weighing forfeiture proceedings. (Philadelphia Inquirer)
Nintendo will move some production of its Switch console from China to Vietnam. (Nikkei Asian Review)
Data shows U.S. apparel imports from big suppliers outside China increased substantially in May. (Sourcing Journal)
Amazon warehouse workers in Shakopee, Minn., plan a walkout during the company’s annual Prime Day sale July 15. (Bloomberg)
Chinese construction equipment maker Sany Heavy Industry started assembling hydraulic excavators at its U.S. base outside Atlanta. (South China Morning Post)
South Korea’s Samsung Heavy Industries Co. delivered a vessel with capacity for 23,000 twenty-foot-equivalent units to Mediterranean Shipping Co. that it calls the world’s largest container ship. (Yonhap)
A mudslide will halt rail freight traffic on a corridor between Italy and southeastern France until August 15. (RailFreight.com)
The cargo arm of state-owned China Eastern Airlines filed for an initial public offering aimed at raising $348 million. (Caixin Global)
A U.S. appeals court affirmed a lower court ruling ordering Atlas Air Worldwide Holdings Inc. pilots to end a work slowdown. (Air Cargo News)
Jefferies Financial Group Inc. hired several bankers from BB&T Corp. to expand its coverage of logistics and transportation. (Reuters)
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