A gauge of U.S. supplier prices rose at an accelerating pace in May. (WSJ)
Oil production among OPEC members slumped in May after the cartel pledged to stabilize an undersupplied market. (WSJ)
U.S. natural-gas prices plummeted after an LNG export terminal in Texas said a fire last week would knock out the facility until late this year. (WSJ)
President Biden is closing in on a decision to lift some tariffs on Chinese imports. (WSJ)
The South Korean government reached a deal with truckers to extend a minimum-wage plan, ending a weeklong strike that had snarled supply chains in one of Asia’s export powerhouses. (WSJ)
The two sides in the West Coast port labor talks issued a joint statement saying neither side “is preparing for a strike or lockout.” (The Loadstar)
A ship backup off the Port of Hamburg has grown to 21 vessels amid labor unrest at the main German gateway. (Lloyd’s List)
International maritime regulators rejected a request to exclude ships operating in bad weather from new emissions restrictions. (Associated Press)
Shipowners that bought scrubbers to let them burn dirtier fuel are enjoying massive discounts due to a glut in high-sulfur fuel oil. (Associated Press)
Container xChange says prices for shipping containers rose in May for the first time this year. (DC Velocity)
Two women are suing A.P. Moller-Maersk, claiming the shipping line didn’t protect them from rape and sexual harassment. (ShippingWatch)
U.S. rail regulators ordered the Class 1 railroads to provide more detailed plans for improving their service. (Progressive Railroading)
Cathay Pacific’s freight traffic was down nearly 60% in May from the same month in 2019. (Air Cargo News)
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