Steps in the maritime sector to curb carbon emissions may not go far enough to stave off new regional measures around the world. Member-states of the International Maritime Organization agreed in a meeting to move forward with a plan to cut the “carbon-intensity” of ocean-going vessels based on shipping volumes and fuel efficiency. But the WSJ Logistics Report’s Costas Paris writes the guidelines set no targets for actually reducing carbon emissions across the sector, and criticism from some Western nations that the plan isn’t aggressive enough suggests more oversight is coming. One European Union official watching the IMO process says legislation is likely on the way to include shipping in the bloc’s emissions-trading system. The IMO has been hoping to avoid separate emissions rules governing the global industry. Some delegates say they want to consider “market-based measures,” but those may not be table until 2024.

Some red-hot commodities markets may be cooling off. Futures prices for lumber have declined 42% since early May while cash prices for the critical construction commodity are also crashing. The WSJ’s Ryan Dezember writes the rapid decline suggests the bubble has burst in a sector that has fed into debates over inflation, and the question now is how low lumber prices will go. Prices remain above normal levels as supplies play a big role in new pricing swings. One expert says that so-called shadow inventory is hitting the market as businesses that are normally big buyers sell from their own stockpiles. Copper is also sliding, with prices for the industrial metal down to their lowest level in eight weeks. Copper producers have benefited from economies reopening. But China now appears to be seeking to tamp down rising commodity prices, suggesting that there’s no shortage of demand.

If the semiconductor sector is any guide, global shortages have spawned a boom time for the world’s middlemen. Buyers of chips are increasingly turning to brokers and wholesalers in search of the scarce electronics components, the WSJ’s Stephanie Yang reports, highlighting how the breakdown in traditional distribution patterns is upending conventional procurement. Intel and Broadcom distributor Avnet says large buyers are in uncharted territory, having to hedge against supply chain disruptions. Scarcity of freight transport capacity is also driving shifts in shipping markets. According to IHS Markit, ocean freight forwarders handled a majority of U.S. imports from Asia in the first quarter for the first time in the data provider’s records. With U.S. trucking capacity tight, revenues for freight brokers rose from the fourth quarter to the first quarter, according to the Transportation Intermediaries Association, an unusual increase during the normally-slow first three months of the year.

U.S. retail sales fell 1.3% from April to May as consumers cut back on big-ticket items. (WSJ)

Wholesale supplier prices rose sharply for a second straight month. (WSJ)

The U.S. and the EU agreed to suspend their long-running dispute over subsidies to Boeing and Airbus. (WSJ)

The Senate confirmed Lina Khan, who has said Amazon benefits from light antitrust enforcement, as a member of the Federal Trade Commission. (WSJ)

Lordstown Motors is bringing in a subsidiary of advisory group AlixPartners to handle its troubled finances. (WSJ)

Quarterly same-store sales at retailer Neiman-Marcus rose 43.8% over last year but remain below pre-pandemic levels. (WSJ)

U.S. retailers are seeking a meeting with President Biden over supply-chain disruptions and port congestion. (CNN)

Ford resumed shipping its new Bronco SUV from its Michigan assembly plant for the first time in 25 years. (Detroit News)

India is expediting an antitrust probe into business practices at Amazon and Walmart-owned Flipkart. (Reuters)

Trans-Pacific container lines are likely to follow their June 1 general rate increase with another this month. (Journal of Commerce)

Hapag-Lloyd is adding container shipping capacity amid strong demand and heavy congestion around the world. (Lloyd’s List)

Container ship owner Costamare is entering the dry-bulk market with the acquisition of 16 vessels. (ShippingWatch)

South Korean container line HMM says its email system was taken down by a cyberattack. (The Loadstar)

FedEx and autonomous-delivery startup Nuro will test parcel delivery using company’s driverless vehicles. (TechCrunch)

Emirates lost $6 billion over the past fiscal year even as cargo revenue jumped 53% to $4.7 billion. (Air Cargo News)

E&J Gallo Winery is building its first East Coast production and distribution center in Chester County, S.C. (The State)

Northwest Grains International is building a transload facility in South Carolina that will connect to the Port of Charleston through CSX service. (Progressive Railroading)

Canada reached its deadline for electronic logging devices without certifying any devices truckers have to use. (Heavy Duty Trucking)

Paul Page is editor of WSJ Logistics Report. Write to him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @jensmithWSJ, @CostasParis. Follow the WSJ Logistics Report on Twitter at @WSJLogistics.