Prices are slipping in the U.S. package sector. United Parcel Service reported that average revenue per domestic package fell 2.6% in the latest quarter even as package volume edged upward. The WSJ’s Esther Fung and Dean Seal report the decline marks the second straight quarter that the key measure of yield has dropped, suggesting competition for shipments is growing while shippers are looking to cut costs in their supply chains. UPS executives say the parcel carrier’s customers are choosing cheaper and lengthier ground delivery options over pricier overnight options that use aircraft. UPS’s next-day air and deferred express deliveries fell sharply last quarter, while cheaper ground delivery expanded 2.3%. The declining price indicators come after several years of steady rate hikes from both UPS and FedEx. Parcel consultants say the carriers now are extending discounts for a second straight year, deepening these discounts and broadening them to smaller shippers.

The electric-vehicle supply chain that automakers had been rapidly building is now contracting. Net profit at Tesla tumbled 45% in the second quarter as slowing demand and stiffer competition hit the EV market trendsetter. The WSJ’s Sean McLain reports that after years of double-digit sales increases, Tesla’s global deliveries fell 6.5% in the first half of the year to 830,766 units. In California, Tesla sales through June fell 17% from a year earlier while the total market for battery-powered models was flat. Tesla in response has curtailed some production after counting a relatively high number of unsold vehicles. Industrywide, sales of battery-powered vehicles in the U.S. rose 6.8% in the first half of the year, according to Motor Intelligence data, compared with 50% growth in 2023. That pullback is likely to reverberate across the sector’s supply chains, relieving the urgency in areas from raw materials to manufacturing.

• General Motors is pushing back some electric-vehicle projects as demand for new-technology cars falters. (WSJ)
• Porsche warned that an aluminum alloy shortage due to flooding of its European supplier would hit profits. (MarketWatch)
• FedEx is testing electric trucks for its line-haul operations out of one of its U.K. facilities. (Post & Parcel)

Home sales in the U.S. fell 5.4% in June as home prices hit a record high for the second straight month. (WSJ)

Freight forwarder Kuehne + Nagel says it is benefiting from Red Sea shipping disruptions that are pushing traffic to air cargo networks. (WSJ)

Federal officials are investigating Delta Air Lines’ lengthy meltdown following the CrowdStrike outage. (WSJ)

Southwest Airlines faces tougher safety oversight after a series of close calls. (WSJ)

GE Aerospace says strong demand for commercial engines and service is fueling growing profits. (WSJ)

Kimberly-Clark’s earnings jumped last quarter as productivity gains offset declining sales revenue. (WSJ)

The head of engine maker Rolls Royce says the supply chain strains hampering the aerospace industry could persist for another two years. (Financial Times)

A new report says Hong Kong has become a safe haven for blacklisted shipowners who are helping Russia evade sanctions. (TradeWinds)

U.S. regulators issued a rule making it harder for shipping lines to refuse space for booked containers. (The Loadstar)

The U.S. Coast Guard released the containership that had been held in South Carolina after it lost power on leaving the Port of Charleston. (Post and Courier)

Kodiak Robotics completed its first commercial driverless delivery on a private road at a Texas energy facility. (Commercial Carrier Journal)

Retailer Conn’s is closing dozens of stores amid mounting financial losses. (Retail Dive)

Grocery wholesaler SpartanNash is shutting a distribution center in Landover, Md. (Supermarket News)

An infestation of wolf spiders delayed a car carrier at a Belgian port while exterminators cleared the vessel. (Bloomberg)

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.