China’s industrial production increased 0.7% in May amid signs the Covid-triggered pressure on the country’s economy is easing. (WSJ)
The International Energy Agency forecasts that global oil demand will outpace supply in the next year. (WSJ)
President Biden urged U.S. oil refiners to expand capacity and criticized the companies for profiting as the public pays record prices. (WSJ)
Natural-gas prices in Europe jumped another 24% as Russia said it would further cut its exports to Germany. (WSJ)
Contract manufacturer Foxconn is building its first plant in Taiwan to produce electric-car batteries. (WSJ)
U.S. authorities have linked hundreds of car crashes to self-driving features and other new technology in automobiles. (WSJ)
Automaker Stellantis plans to start laying off workers at its Sterling Heights, Mich., stamping plant. (Reuters)
Major suppliers to Toyota and Nissan plan to furlough workers as the semiconductor shortage and logistics logjams strain auto production. (Nikkei Asia)
Hershey opened an 800,000-square-foot distribution center in Annville, Pa. (WGAL)
British rail operators are preparing to cancel thousands of trains during strike action next week that is expected to cripple service. (Financial Times)
Container shipping lines are more aggressively seeking volume commitments under new contracts in exchange for guaranteed slots. (Lloyd’s List)
A midshipman who says she was raped aboard a Maersk vessel says she is suing the company because she wants to see the shipping industry change. (TradeWinds)
Trans-Atlantic air cargo capacity has rebounded to pre-pandemic levels on the growth of new passenger flights. (Air Cargo World)
Danish freight forwarder DSV wants to acquire the international logistics operations of C.H. Robinson Worldwide. (Reuters)
Federal trucking regulators are updating their definitions of freight brokers based on new technology reaching across the sector. (Transport Dive)
Truckload carrier P.A.M. Transportation bought family-owned Metropolitan Trucking for $79.8 million, including debt. (TB&P)
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