Yellow is facing a new risk to its business as the trucker's labor concerns and financial troubles converge. The Teamsters union is threatening a walkout after the debt-laden operator missed a payment due this month to the Central States pension fund and said it is looking to defer another payment in August. The WSJ Logistics Report’s Paul Berger writes the union says drivers will walk out as soon as July 24 over the payments, raising new fears over the viability of the third-largest operator in the U.S. less-than-truckload market. Wolfe Research says in a note that a strike would likely put Yellow “on the brink of bankruptcy.” Market analysts say some shippers already are shifting freight to other carriers. That may be costing Yellow revenue it needs to help solve its liquidity problem, which is hanging over the business even as Yellow tries to streamline its operations.

• Unionized dockworkers at British Columbia ports rejected a tentative contract agreement and resumed their strike. (Reuters) 
• J.B. Hunt's quarterly revenue declined 18%, driven by falling freight rates and weaker volumes across most of its business segments. (MarketWatch)

A slowdown in the logistics property market isn’t hindering the earnings momentum at Prologis. The industrial-property giant is raising its outlook for the year even as higher interest rates and receding warehouse demand put more pressure on developers. The WSJ’s Will Feuer reports the company boosted its guidance on profits and sales after a record second quarter that saw earnings double to $1.22 billion. Prologis has been backing up its upbeat view of the market by expanding its outsize role in logistics sites through acquisitions, including last month’s $3.1 billion purchase of a Blackstone warehouse portfolio. The company’s average occupancy rate did tick down slightly last quarter, while broader industry measures show vacancy rates rising in recent months from historic low levels. But Prologis says construction starts of new warehouses are down sharply and that deliveries of new industrial buildings will fall short of demand next year.

The U.S. has a small tanker backup off the Texas coast thanks to geopolitics and the business realities of global oil trade. Federal prosecutors seized a Greek vessel carrying 800,000 barrels of Iranian oil earlier this year, but WSJ’s Ian Talley reports they can’t auction the crude off because U.S. companies are reluctant to unload it. Prosecutors charged the Greek owner of the Suez Rajan tanker with evading sanctions against Iran’s oil trade. Now, companies that manage the transfer of oil from ship to shore—called lightering—say they are too worried about Iranian reprisals to handle the captured oil. One executive says, “I don’t know if anybody’s going to touch it.” The impasse illustrates the difficulties the U.S. faces in enforcing sanctions against Iran, which has ramped up attacks against Western shipping interests. Tehran uses those tactics to deter the West from obstructing Iranian exports.

• The United Nations may start removing some 1.1 million barrels of oil from a decaying tanker off Yemen's coast this week. (Reuters)

U.S. retail spending expanded 0.2% in June, the same pace as the inflation rate. (WSJ)

Russia launched a large missile attack on Ukraine’s grain-exporting port of Odesa hours after pulling out of an international agreement on shipping through the Black Sea. (WSJ)

Lockheed Martin raised its outlook on growing demand for  military equipment. (WSJ)

The fast casual food chain Chipotle plans to build hundreds of locations in smaller U.S. markets. (WSJ)

HP is working with suppliers to shift production of millions of laptops from China to Thailand and Mexico this year. (Nikkei Asia)

Tata Motors plans to build a battery factory in the U.K. to supply Jaguar Land Rover’s electric cars. (Financial Times)

Experts say a strong local market for imported secondhand clothing is hampering investment in textile manufacturing in East Africa. (Sourcing Journal)

Vietnam’s agricultural exporters are urging the country to upgrade transport and logistics networks to better reach overseas markets. (Vietnam Plus)

U.K. grocery chain Tesco is pressing suppliers for lower prices so it can pass them on to shoppers. (The Guardian)

The share of food retailers and suppliers that fear supply chain disruptions this year has declined sharply from a 2022 survey. (Supermarket News)

Kitchenware retailer Sur La Table is adding to its store count and expanding its private-label lineup. (Retail Dive)

Athleisure apparel retailer Vuori is expanding its physical presence by adding 20 to 25 stores annually in the U.S. (Modern Retail)

Panamanian official Arsenio Dominguez was elected secretary-general of the International Maritime Organization. (Lloyd’s List)

A survey shows the share of women working as over-the-road truck drivers has declined this year. (Commercial Carrier Journal)

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.