A Wall Street Journal-NORC Poll shows Americans are deeply pessimistic about the U.S. economy. (WSJ)
Activist hedge-fund manager Elliott Management is suing the London Metal Exchange over actions involving a crisis in nickel trading earlier this year. (WSJ)
Chinese regulators are preparing to lift operating restrictions on the Full Truck Alliance freight brokerage app and two other companies after concluding data-security investigations. (WSJ)
The Supreme Court said airline baggage and cargo handlers can’t be forced into arbitration to resolve employment disputes. (WSJ)
Kohl’s is in advanced talks to be sold in a deal that could value the department-store chain at roughly $8 billion. (WSJ)
Japan’s Mitsubishi Electric will set up a plant for factory automation equipment in India, establishing its third global production hub. (Nikkei Asia)
Amazon is launching an invitation-only offer program for high-demand items to ensure that goods aren’t purchased by bots that aggravate shortages and drive up prices. (TechCrunch)
Port Houston and the U.S. Army Corps of Engineers began a $1 billion project to widen and deepen the port’s 52-mile channel. (gCaptain)
Container ship owner Costamare canceled an order for six large vessels to be built in China. (TradeWinds)
Walmart will build four e-commerce warehouses starting with one in Joliet, Ill., to speed goods to online customers. (Bloomberg)
Supply-chain software firm Descartes Systems is buying e-commerce parcel shipping-focused XPS Technologies for $65 million. (Canadian Press)
The U.K.-based Frasers Group is acquiring online fashion retailer Missguided out of administration for about $25 million. (The Guardian)
Old Dominion Freight Line's shipment growth pulled back sharply in May but revenue increased on stronger pricing and rising fuel surcharges. (Dow Jones Newswires)
Hong Kong freight forwarder Excel Network is launching a public stock offering on the Hong Kong Stock Exchange. (The Loadstar)
About two-thirds of respondents in a survey say they are raising wages to retain warehouse workers and 39% are offering overtime pay. (Logistics Management)
|