Lumber supply chains are sending warning signals about key sectors in the U.S. economy. Lumber futures prices have tumbled into the building season, falling 27% since mid-March, while wood has piled up and pushed cash prices even lower. The WSJ’s Ryan Dezember reports that many mills are losing money at today’s prices, with producers afraid of losing skilled workers in standoffs with competitors to see who will shut down or cut shifts first. Just a couple of years ago, sawmills were producing mountains of cash. Now, the falling prices for two-by-fours are a sign that residential construction and home-improvement markets are buckling under high borrowing costs. The results show how troubles in the housing market can have a cascading impact across the economy. Housing starts declined 17% between February and May, while building permits for new residential units fell in May to their lowest level since June 2020.

Amazon’s latest spending plans offer a stark sign of the changes underway in the logistics-centered goods economy. The e-commerce behemoth that built a $2 trillion company through years of aggressive spending on its retail and logistics businesses now is pinning its future to the billions of dollars it will invest in artificial intelligence. The WSJ’s Sebastian Herrera reports Amazon plans to spend more than $100 billion over the next decade on data centers, a blueprint that will devote more investment to its cloud computing and AI infrastructure than to its sprawling network of e-commerce warehouses. The increase represents a new era for Amazon, in which investing in cutting-edge cloud equipment is more critical to its growth than developing new fulfillment centers. It’s a complicated expansion that requires a new supply chain: Amazon and other tech companies have struggled to get the parts, property and power that data centers require.

• Amazon is opening a 1 million-square-foot warehouse in Port St. Lucie, Fla. (WPTV)

China’s manufacturing sector remained in contraction for a second consecutive month in June. (WSJ)

A measure of core consumer inflation in the U.S. rose in May at the slowest pace since 2021. (WSJ)

Canada’s economic growth slowed at the start of the second quarter. (Dow Jones Newswires)

Prosecutors plan to ask Boeing to plead guilty to deceiving regulators about a crucial aspect of the 737 MAX planes implicated in two disastrous crashes. (WSJ)

Nike warned that its sales would fall this year after footwear sales in North America declined 6% last quarter. (WSJ)

Milwaukee Tool faces a lawsuit from a former Chinese prisoner who alleges he was forced to make work gloves for a supplier to the power tool company. (WSJ)

Canada’s WestJet Airlines canceled hundreds of flights after a union representing maintenance engineers went on strike. (WSJ)

Big American brands are placing bets on an Indian manufacturing sector that has high potential but major risks. (New York Times)

U.S. farmers are increasingly deploying driverless tractors and other tech tools to make growing more efficient. (Bloomberg)

A contraction in South Korea’s once-booming food delivery market has providers fighting a price war. (Nikkei Asia)

Bimco says a record number of containerships with combined capacity for 2.8 million 20-foot containers will enter the shipping market this year. (ShippingWatch)

The global fleet of vessels in the red-hot car carrier market is on pace to grow by about 40% in comimg years. (Splash 247)

U.S. maritime regulators are investigating whether ocean carriers violated rules allowing shippers and truckers to choose their own chassis. (The Loadstar)

The ports of Los Angeles and Long Beach will spend a combined $25 million to develop charging infrastructure for electric heavy-duty trucks. (Journal of Commerce)

Walmart will start using hydrogen-powered electric trucks from Nikola in Ontario, Canada. (Supply Chain Brain)

U.S. regulators ordered three San Diego-area logistics operators to pay $840,000 for underpaying workers at facilities near the border with Mexico. (Times of San Diego)

Transportation Secretary Pete Buttigieg says reclassifying marijuana as a Schedule III drug won’t affect drug screening rules for truckers. (Commercial Carrier Journal)

Wellington Group acquired fellow Canadian trucking business Contract Express. (Trucking Dive)

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.