The trucking business is heading in two different directions. Revenue and profits are climbing at less-than-truckload carrier Old Dominion Freight Line, the WSJ’s Dean Seal reports, even as the country’s biggest truckload carrier, Knight-Swift Transportation, sees profits plunge on soft demand in its core business. LTL carriers are weathering the trucking downturn in part thanks to the collapse last year of rival carrier Yellow. Yellow’s 50,000 daily shipments have been dispersed across the sector, insulating carriers from the supply-demand imbalance that is depressing rates in the larger truckload market. The WSJ’s Sabela Ojea reports that Knight-Swift’s smaller LTL segment saw revenue jump more than 15% to $263.1 million in the most recent quarter, boosted by a 13% increase in revenue per hundredweight. That wasn’t enough to offset the 5.5% year-over-year decline in revenue per loaded mile in Knight-Swift’s larger truckload segment which helped overall profits fall 68%.

Furniture retailers should sit up and take notice of growing orders at MillerKnoll. The fancy home and office furniture maker, which sells under the brands Herman Miller, Knoll and Design Within Reach, says demand is picking up for chairs, desks and sofas. Furniture companies such as RH, Wayfair and office chair-maker Steelcase have endured a tough couple of years since the pandemic-driven boom in spending on goods dried up. The WSJ’s Jennifer Williams writes that MillerKnoll sees promising signs in the most recent quarter in which organic growth rose 5% and buying interest picked up. Retail shoppers are coming back to stores to spruce up living rooms and bedrooms. Companies are decorating offices again with a rise in hybrid work inspiring bosses to install more unconventional items such as outdoor furniture and lounge chairs. MillerKnoll executives expect orders to keep growing as long as the economy remains strong.

Private-sector activity is growing in the U.S., while a prolonged manufacturing slump in Germany drags on economic activity in the eurozone. (WSJ)

The Bank of Canada delivered a second straight cut to its main interest rate, and signaled more cuts to come. (WSJ)

Porsche’s profits fell in the first half of the year as car deliveries dropped amid a soft performance in China. (WSJ)

Gucci owner Kering said first-half revenue and earnings fell in part due to a spending downturn in China. (WSJ)

French distiller Remy Cointreau’s first-quarter sales declined because of inventory reductions in the U.S. and a sluggish Chinese market. (WSJ)

Consumer-goods giant Reckitt Benckiser is selling some of its home-care brands and launching a strategic review of its troubled infant-formula unit. (WSJ)

PepsiCo’s sustainability chief says the company’s biggest challenge lies in reducing emissions in its supply chain. (WSJ)

Mediterranean Shipping began work on a multimodal terminal in the Paris region. (Lloyd’s List)

Spot rates for very large crude carriers hit their highest level in six weeks. (TradeWinds)

Danish forwarder DSV believes freight demand out of Asia has peaked. (Journal of Commerce)

General Motors halted production at a Missouri plant that makes trucks and vans because of a strike at a supplier. (Associated Press)

A 20-year-old FedEx worker died after falling out of a truck while trying to close a sliding door on an interstate highway. (19 News)

Paul Page is editor of WSJ Logistics Report. Reach him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on X at @WSJLogistics.