China’s producer prices fell 4.6% in May from a year earlier, the weakest reading since early 2016. (WSJ)
An elevated section of Interstate 95 collapsed in Philadelphia after a tanker truck caught fire on the exit ramp beneath it, closing off a portion of the major northeast thoroughfare. (WSJ)
Glencore approached Canadian miner Teck Resources over buying its coal assets. (WSJ)
Canadian authorities seized an Antonov AN-124 freighter grounded in Toronto since February 2022 and will give it to Ukraine. (WSJ)
China-owned auto parts supplier ARC Automotive was cited for numerous worker-safety violations before resisting a recall of potentially dangerous air-bag inflators. (WSJ)
Japanese car makers are speeding up delivery times as parts shortages ease. (Nikkei Asia)
Swedish automotive parts supplier Autoliv is closing several sites in Europe and cutting about 8,000 jobs. (Reuters)
The U.S. may start unloading oil from a seized Iranian tanker anchored off the coast of Texas. (Financial Times)
U.S. regulators fined Maersk Line subsidiary Hamburg Süd $9.8 million for contract breaches involving furniture importer OJ Commerce. (Splash 247)
Italian special forces stormed a car carrier in the Mediterranean after stowaways tried to hijack the vessel. (The Guardian)
A Biden administration scorecard says supply chains have grown “significantly more fluid and resilient.” (CNN)
United Parcel Service and the Teamsters reached a tentative deal to increase the share of packages in the company’s SurePost service delivered by company drivers. (Supply Chain Dive)
The U.K. will resume a levy on heavy-duty trucks that it had suspended during the pandemic. (Motor Transport)
GXO Logistics is placing a 387,000-square-foot warehouse in Germany as part of a significant expansion in the country. (Logistics Manager)
China is launching a five-day International Supply Chain Expo in November. (South China Morning Post)
|