The world’s largest cold-storage company is heating up the market for public stock offerings. Refrigerated warehouse heavyweight Lineage set a high target for its long-anticipated public listing, the WSJ Logistics Report’s Liz Young writes, saying it plans to offer 47 million shares at a price of $70 to $82, which would raise between $3.29 billion and $3.85 billion. The gaudy numbers highlight the growing confidence in a stock market that has been reaping big rewards for investors this year. It’s also a measure of the strong grip Lineage has claimed in a corner of the logistics market that is growing rapidly and has high barriers to entry. Cold storage surged at the onset of the pandemic, as consumers rushed to buy cold and fresh foods to prepare at home. That’s increasingly looking like a fundamental shift, and supermarkets and their suppliers are redrawing operations to meet the demand.

• Pre-tax profits for cash-hungry grocery automation company Ocado remain about five years off. (Financial Times)

Demand and supply remain out of balance in the domestic freight sector. Second-quarter earnings at freight-market bellwether J.B. Hunt Transport Services tumbled 28.3% to $135.9 million, the WSJ’s Connor Hart reports, dragged down by declining freight revenue and volumes as well as higher insurance and equipment costs. Revenue was down 7% to $2.93 billion, falling below analysts’ expectations. The silver lining for J.B. Hunt was that profit did improve from the first quarter to the second. But revenue also was essentially flat from quarter to quarter, a sign that freight operators are largely treading water in a market marked by steep competition and jockeying by carriers and shippers ahead of an uncertain peak shipping season. DAT says truck and shipment posts on its spot-market both declined sharply last month. J.B. Hunt’s earnings in its signature intermodal business dropped 31%, hit in part by competition from truckload carriers.

• TFI International acquired Quebec-based flatbed and heavy-haul trucker Groupe CRS Express. (Trucking Dive)

U.S. retail sales were flat last month but rose 0.8% when falling gas prices and the impact of a cyberattack on auto dealers were stripped out. (MarketWatch)

U.S. import prices were flat from May to June and rose 1.6% over the past 12 months. (MarketWatch)

Adidas increased its outlook for the year after sales jumped 9% in the second quarter. (WSJ)

Fashion brand Hugo Boss became the latest high-end fashion player to warn about declining consumer spending on luxury goods. (WSJ)

Cartier-owner Richemont’s quarterly sales declined in Asia but expanded in the rest of the world. (WSJ)

U.S. authorities say the Sinalao drug cartel is wholly in control of Mexico’s Port of Manzanillo and charges other drug traffickers to use the port. (TradeWinds)

Xeneta says slowing container shipping price increases suggest the spike in freight is close to reaching its peak. (gCaptain)

Chinese shipbuilder Yangzijiang plans to spend $400 million to add a yard for construction of clean-energy ships. (Lloyd’s List)

Congestion appears to be easing at the Port of Singapore, with vessel arrivals there declining last month. (Bloomberg)

Ingevity is paying $100 million to unwind a contract to supply specialized chemicals to building products and paper maker Georgia-Pacific. (Post and Courier)

Ganfeng Lithium, China’s biggest producer of the key battery metal, plans to start trading in financial derivatives to hedge against overseas risks. (South China Morning Post)

Ace Hardware plans to open more than 200 new stores in the U.S. this year. (Chain Store Age)

Emirates SkyCargo ordered five more new Boeing 777-200 freighters for delivery starting next year. (Air Cargo News)

TikTok’s merchandise volume from its e-commerce platform in Asia has grown fourfold since 2022. (Nikkei Asia)

The prospective new owner of Royal Mail says he won’t abandon universal letter delivery six days a week. (BBC)

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.