U.S. imports slipped 0.3% in June on cooling consumer demand while energy shipments helped boost exports 1.7% from May. (WSJ)
New claims for unemployment benefits in the U.S. rose again last week and remain near the highest level of the year. (WSJ)
China’s effective military encirclement of Taiwan has forced delays for cargo vessels and aviation at the self-governing island. (WSJ)
Ukraine says its first grain shipment since the start of Russia’s invasion was a success and could lead to a surge in exports to prewar levels within two months. (WSJ)
Freighter operator Atlas Air will be bought by a group led by Apollo Global Management in an all-cash deal that has an enterprise value of about $5.2 billion. (WSJ)
Authorities in India are investigating safety conditions at a factory in an apparel manufacturing hub for global clothing brands after more than 100 workers were hospitalized due to a suspected gas leak. (WSJ)
Commodities giant Glencore’s profit more than doubled in the first half of the year. (WSJ)
Kellogg raised its outlook, saying consumer demand is holding up despite rising prices. (WSJ)
Toyota now expects material costs this fiscal year will be $12.8 billion higher than the car maker earlier estimated. (Nikkei Asia)
A.P. Moller Maersk is moving into project logistics with the acquisition of Denmark-based Martin Bencher Group. (Splash 247)
China’s Hudong Zhonghua shipyard launched the world’s largest container ship by capacity for Mediterranean Shipping. (gCaptain)
Clarksons Research says June was the best month ever for resurgent product tankers. (TradeWinds)
Tanker operator Euronav slashed its quarterly loss to $4.9 million on stronger freight rates. (Lloyd’s List)
Sales last month at industrial parts distributor Fastenal increased at an accelerating pace. (Modern Distribution Management)
|