U.S. job openings fell in June to their lowest level in nine months and hiring slowed. (WSJ)
A.P. Moeller-Maersk’s second-quarter profit jumped to $8.6 billion as strong freight rates drove revenue up 57% to $17.4 billion. (MarketWatch)
West Virginia reached a $400 million settlement with drug distributors McKesson, AmerisourceBergen and Cardinal Health over allegations that the companies fueled the opioid epidemic. (WSJ)
Rivian Automotive says planned revisions to the electric-vehicle tax credit would put the startup at a disadvantage to more-established competitors. (WSJ)
PepsiCo struck a long-term deal to distribute Celsius energy drinks and will invest $550 million in the business. (WSJ)
Average diesel prices across the U.S. fell another 13 cents per gallon in the sixth straight weekly decline. (Fleet Owner)
The Port Authority of New York and New Jersey plans to start charging a fee for export containers that dwell too long on docks. (Journal of Commerce)
Sea-Intelligence says about 10% of the global container fleet remains tied up in port bottlenecks. (ShippingWatch)
Congestion at China’s major container ports is easing as volumes bounce back following the loosening of pandemic restrictions. (Lloyd’s List)
The U.S. sanctioned the owner of a Turkish port facility for alleged ties to a Russian oligarch. (TradeWinds)
Japan ordered Toyota truck-making subsidiary Hino Motors to recall 20,900 vehicles over engine data falsification. (Japan Times)
Quarterly profit at truck engine maker Cummins rose 17% to $702 million on a 15% gain in North American sales. (Dow Jones Newswires)
Flatbed operator Daseke’s second-quarter profit fell by half to $17.7 million despite a 19% gain in revenue. (Dow Jones Newswires)
A measure of Uber Freight’s profitability rose to $5 million in the second quarter from $2 million in the first three months of the year. (Dow Jones Newswires)
Closely-held freight forwarder Terra Worldwide Logistics is exploring a sale that could value the Atlanta-based business at $1 billion. (Bloomberg News)
Former logistics executive David Johnson acquired Rakuten Super Logistics and the FirstMile business that he sold to Rakuten three years ago. (DC Velocity)
A Korean Air freighter hit a FedEx truck at the Anchorage, Alaska, airport. (The Loadstar)
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