The Institute of Supply Management’s measure of U.S. manufacturing activity fell to a 25-month low of 52.8% in July. (WSJ)
Spending in the U.S. on construction projects fell a sharp 1.1% in June. (MarketWatch)
A group led by Apollo Global Management is in advanced talks to buy freighter operator Atlas Air Worldwide Holdings. (WSJ)
The U.S. is considering sanctions that would target a network of companies suspected of using ship-to-ship transfers to export Iran’s oil. (WSJ)
Valvoline is selling its global-products business to Saudi Aramco for $2.65 billion, as it focuses on its retail segment. (WSJ)
U.S. regulators halted emergency imports of baby formula from a British firm over allegations of altered paperwork dispute. (Financial Times)
The semiconductor shortage is easing for smartphones and personal computers but supplies remain tight in the automotive sector. (Nikkei Asia)
Amazon added same-day delivery for orders from a handful of brick-and-mortar retailers. (CNBC)
Stanley Black & Decker is reducing its manufacturing footprint and cutting its product portfolio by 40% as part of a $1.5 billion cost savings plan. (Supply Chain Dive)
A.P. Moller Maersk raised its forecast for the second time this year on continued high freight rates in an “exceptional market” for transport companies. (Bloomberg)
The Federal Maritime Commission created a unit tasked with enforcing tougher new shipping regulations. (ShippingWatch)
Prices for new and used crude tankers have been soaring this year. (gCaptain)
Tanker operators are reporting record second-quarter profits on higher rates. (Lloyd’s List)
A group including a unit of shipping line CMA CGM won a bid to privatize India’s Jawaharlal Nehru Port Container Terminal. (Splash 247)
Motor carriers are seeking new business models for working with independent-contractor drivers under new California employment law. (Heavy Duty Trucking)
Load board provider DAT and freight broker Convoy are suing each other over Convoy’s introduction of a competing service. (Journal of Commerce)
Trucker ArcBest says its shipment volume is flat to start the third quarter but revenue per day is up 18%. (FleetOwner)
Japanese airline ANA posted its first quarterly profit in two and a half years. (Japan Times)
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