The collapse of one of America’s largest trucking companies is reverberating across the economy, from domestic shipping and real-estate markets to Wall Street. The shutdown and Yellow’s bankruptcy filing this week is leaving winners and losers in its wake, the WSJ Logistics Report writes, even as the process of unraveling the business, disposing of its assets and paying creditors moves through the bankruptcy court. The immediate winners are Yellow’s less-than-truckload competitors. ABF Freight, Old Dominion Freight Line, TForce Freight and most recently XPO have seen surges in shipments since Yellow started into its final turn. That’s also boosting their investors. But the company’s failure puts 30,000 workers on the street in the biggest round of job losses at a single company in several years. For Yellow’s customers, space should generally be plentiful in a weak freight market, but experts say the capacity will likely come at a higher price.

A major thoroughfare of waterborne commerce is drying up. Low water levels on the Mississippi River are threatening to disrupt commerce for a second consecutive year, the WSJ’s Shannon Najmabadi reports, as parched soils and meager rainfall deplete a river that runs through 10 states and provides a vital corridor for agricultural and industrial goods. Water levels in St. Louis and Memphis are 10 to 20 feet lower at this point in the year than in 2020 and 2019 due to lack of rain. The Army Corps of Engineers is monitoring water levels and has dredges operating on the Mississippi to keep the water channel and harbors deep enough for transit. Low water levels on the Mississippi River last fall contributed to some $20 billion in economic losses. For many waterways shippers, shifting to land transport would simply be too expensive compared to the cost-efficient barges.

Lengthy supply chains have become fertile ground for multinational crime rings. Sportswear giant Nike is one of the companies coping with the hazards of sprawling manufacturing and distribution operations, the WSJ’s Inti Pacheco reports, as it faces theft at almost every step of the supply chain, from distribution centers, rail yards and trains to package delivery trucks. Target, Macy’s and BJ’s Wholesale Club are among those also facing what looks like a growing problem in global trade. Theft prevention network CargoNet says reports of cargo theft across supply chains were up 63% in the first half of the year. Items such as Nike Air Jordan sneakers that have high resale value highlight how long supply chains expose companies to theft. The shoes are made in Asia and transported through ports, warehouses and distribution centers, with thieves stalking the goods at virtually every step.

China’s exports plunged 14.5% in July, including a 23% drop in shipments to the United States. (WSJ)

Amazon officials are set to meet next week with antitrust regulators, in a sign of an impending complaint against the online retail giant. (WSJ)

Tyson Foods is closing four more processing plants as the biggest U.S. meat company seeks to turn around its chicken business. (WSJ)

Global manufacturing indicators are pointing to a slump in demand for goods at levels comparable to the 2008 financial crisis. (Nikkei Asia)

U.S. cargo carrier Western Global Airlines filed for Chapter 11 bankruptcy protection and says it will restructure. (WSJ)

Clive Data Services says global airfreight rates fell more than 40% year-over-year for the fourth month in a row in July. (Air Cargo News)

General Motors says problems at an unnamed automation equipment supplier are throwing a wrench in electric-vehicle production. (Supply Chain Dive)

Dockworkers at British Columbia ports ratified a labor contract that ends a standoff that had seen ships backing up at key gateways. (Splash 247)

The Panama Canal authority says persistent drought restrictions could cost the operator some $200 million in earnings this year. (Seatrade Maritime)

Second-quarter revenue at containership owner Danaos slipped 3.7% to $241.2 million but net profit surged on growing dry bulk business. (TradeWinds)

BNSF Railway’s operating income fell 24% in the second quarter as revenue contracted 12% to $5.8 billion. (Railway Age)

Trucking company TFI International acquired Wisconsin-based logistics and transportation provider JHT Holdings. (Dow Jones Newswires)

Supply-chain managers say in a survey that finding talented recruits is one of their biggest challenges. (DC Velocity)

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 Twitter at @WSJLogistics.