Orders for long-lasting goods in the U.S. rose 0.7% in May. (WSJ)
Manufacturing activity in Texas contracted in June for the second straight month. (MarketWatch)
U.S. pending-home sales broke a six-month string of declines with a 0.7% increase in May. (MarketWatch)
McDonald’s named Marion Gross global chief supply-chain officer. (WSJ)
Big U.S. retailers are rationing over-the-counter emergency contraceptive pills as demand spikes following the Supreme Court ruling overturning a constitutional right to abortion. (WSJ)
General Electric CEO Larry Culp is taking over the jet engine business that will be the company’s lone remaining division after its breakup is completed. (WSJ)
Hong Kong’s exports surprisingly declined by 1.4% in May. (Bloomberg)
British Prime Minister Boris Johnson is expected to set out more extensive tariffs on steel imports, in a move that risks breaking international law. (Financial Times)
A storage tank being unloaded at Jordan’s Aqaba port crashed onto the docks, releasing toxic gas that killed 13 people and injured 251. (The Guardian)
Growing numbers of shippers are seeking to renegotiate contract container rates as shipping lines trim capacity to shore up spot pricing. (Lloyd’s List)
A subsidiary of China State Shipbuilding delivered a container ship with capacity for a record 24,004 20-foot equivalent units to Evergreen. (gCaptain)
Smaller container lines are boosting their market share on eastbound trans-Pacific trade lanes. (SeaNews)
Fuel supplier Dan-Bunkering is focused on mergers and acquisitions after reporting surging revenue but flat earnings in the past year. (ShippingWatch)
The Brotherhood of Locomotive Engineers and Trainmen union is preparing a strike authorization vote after working without a contract for nearly three years. (Railway Age)
Refrigerated specialist Burris Logistics acquired California foodservice redistributor R.W. Zant for an undisclosed amount. (DC Velocity)
Truck tanker operator Kenan Advantage acquired Lafayette, La.-based American PetroLog. (Commercial Carrier Journal)
Logistics provider Transportation Insight is moving its headquarters from Hickory, N.C., to the metro Atlanta area. (Business Journals)
|