Purchasing managers’ surveys show U.S. and European economies slowing sharply this month. (WSJ)
New applications for unemployment benefits in the U.S. remain near historic lows. (WSJ)
China has slashed its imports of liquefied natural gas from the U.S. while stepping up shipments from Russia. (WSJ)
United Airlines is cutting dozens of domestic flights at heavily-congested Newark Liberty International Airport. (WSJ)
Industrial baked-goods supplier Gold Standard Baking is preparing to sell itself out of bankruptcy after succumbing to high labor and materials costs. (WSJ)
Toyota cut its July global production plan by 50,000 vehicles amid semiconductor shortages and Covid-related supply disruptions. (Reuters)
The chief supply chain officer at Walgreens says the chain is relying more on micro-fulfillment centers and other strategies to reach customers faster. (Sourcing Journal)
Workers at three German ports walked off their jobs again over increasingly contentious contract negotiations. (The Loadstar)
The U.S. Army Corps of Engineers endorsed a plan to deepen the channel at the Port of New York and New Jersey. (Journal of Commerce)
Product tanker operators say robust demand and high rates suggest “we're going to have fun for a number of years.” (Shipping Watch)
A survey shows 247 ships with some 3,500 seafarers have been abandoned around the world. (Lloyd’s List)
The number of shipping containers lost at sea quadrupled to 3,113 in 2020 and 2021 from the previous two-year period. (gCaptain)
Container throughput at Australia’s Port of Melbourne tumbled 6% in May. (Port Technology)
U.S. regulators granted drone company Zipline International status as a small air carrier. (Air Cargo World)
|