U.S. household spending eased to its slowest pace this year in May. (WSJ)
Economic activity in China expanded in June after three straight months of contraction. (WSJ)
New applications for unemployment benefits in the U.S. inched down closer to pre-pandemic levels. (WSJ)
The Supreme Court curtailed the Environmental Protection Agency’s powers to restrict greenhouse-gas emissions from power plants. (WSJ)
Quarterly sales and earnings at Walgreens Boots Alliance fell as demand for Covid-19 tests and vaccines dropped significantly. (WSJ)
Exxon Mobil is selling its Canadian shale gas business for roughly $1.5 billion. (WSJ)
RH became the latest furniture retailer to cut its financial targets as consumers pull back on purchases of goods such as sofas and beds. (WSJ)
Total worldwide production at major Japanese automakers declined for a third straight month in May. (Nikkei Asia)
Big ship owners are planning dual-fuel methanol propulsion for their next round of container ship orders. (TradeWinds)
A local board voted to allow the Port of Oakland’s Howard Terminal to be converted to a sports and residential complex. (ABC7)
India’s sovereign wealth fund is buying a minority stake in DP World’s ports business in the country for $300 million. (Splash 247)
Project44 says ocean container lines are canceling port calls at a faster pace as demand declines. (The Loadstar)
The McCown Report says outbound U.S. container volumes fell year-over-year in May for the 12th straight month. (Seatrade Maritime)
Logistics optimization firm Logility acquired supply-chain network-design technology company Starboard Solutions. (DC Velocity)
U.K. green supply-chain startup Circulor raised $25 million in a Series B funding round that includes the venture arms of Volvo Cars, Jaguar Land Rover and miner BHP. (Axios)
Danish freight forwarder Scan Global Logistics acquired Hong Kong-based Sea-Air Logistics. (Air Cargo News)
Singaporean craft brewer Brewerkz is selling beer made from recycled sewage. (Japan Times)
|