U.S. inflation remained close to its highest annual rate in four decades last month, declining slightly to 8.3%. (WSJ)
Consumer inflation in China rose at the fastest pace in five months. (WSJ)
Electric-vehicle startup Rivian maintained its production forecast for this year but says continuing supply-chain problems are crimping production. (WSJ)
Technology-focused logistics services startup Stord raised $120 million in new funding that values the business at $1.3 billion. (WSJ)
Panasonic plans to spin off its supply-chain management business that includes software and consulting firm Blue Yonder as a publicly traded company. (Dow Jones Newswires)
Hawaiian Airlines is investing in a company developing electric seagliders that the airline hopes to fly on short hops between islands. (WSJ)
Boeing is feuding with key Starliner spacecraft supplier Aerojet Rocketdyne as it prepares for a test launch. (Reuters)
South Korean container line HMM will continue deploying more vessels than usual to meet demand from the country’s exporters. (Bloomberg)
Sri Lanka’s Port of Colombo resumed operations after a 20-hour worker walkout amid growing political unrest. (The Loadstar)
Yellow will drop 28% of its terminals as it consolidates its less-than-truckload operations. (Transport Dive)
Lufthansa ordered seven of the new versions of Boeing’s 777 freighter. (Simply Flying)
Saudi Arabia is relaunching the privatization of its airports as it seeks to diversify its oil-dominated economy. (Air Cargo World)
Jim Meyer will retire next year as CEO of railcar manufacturer FreightCar America. (Railway Age)
European e-commerce fulfillment startup Byrd Technologies raised $56 million in a Series C funding round. (TechCrunch)
Tootsie Roll may pause its production lines due to delays in supplier deliveries. (Supply Chain Dive)
|