The warehousing sector isn't following the script when it comes to supply, demand and pricing. The average asking rent for industrial space reached a record $9.59 per square foot in the second quarter, up 16% from 2022 and 50% from the early days of the pandemic, according to Cushman & Wakefield. The WSJ Logistics Report’s Liz Young writes the increase is the latest in a string of reports on rising rates for industrial real estate. But the asking rents are climbing even as companies slow their leasing decisions and more space is available in a shifting American economy. The gap is in part the result of dynamics special to warehousing, where operators and their customers base decisions on long-term prospects rather than short-term market conditions. The market for warehouse space remains extremely tight by historical standards after frenzied leasing and construction driven by a surge in e-commerce during the pandemic.

Shipping and Ukraine’s exporting infrastructure is again in the line of fire. Russia launched a wave of drone strikes on Ukraine’s ports, intensifying attacks on the country’s food-export infrastructure after Moscow withdrew from a Black Sea grain agreement. The WSJ’s Jared Malsin and Laurence Norman report the strikes hit grain silos, a marine terminal and port administrative buildings at the city of Izmail on the Danube River. The port city is the country’s one remaining outlet for Black Sea grain shipments after Russia left the export deal last month. The attacks threaten to hit global commodities and shipping markets in ways not seen since the early days of Russia’s invasion. That is heightening concerns that the war could again disrupt a significant portion of the world’s food supply. Ukraine uses the Danube route to ship grain, often to Romania, where it is loaded onto larger vessels for world markets.

• New Dubai-based container line CStar started services that will include stops at Russian ports. (Splash 247)

Payroll processor ADP says U.S. private-sector employment jumped by 324,000 in July. (MarketWatch)

The United Auto Workers union says its wage and job demands won’t change because automakers are facing an expensive transition to electric vehicles. (WSJ)

C.H. Robinson’s second-quarter profit tumbled 72% to $97.3 million as the freight broker’s revenue fell 35%. (WSJ)

DoorDash’s quarterly revenue jumped 33% as the delivery company said order frequency hit a new high. (WSJ)

CVS Health’s second-quarter sales jumped 10.3% on stronger benefits revenue. (WSJ)

Foxconn will invest $600 million in India as part of a smartphone manufacturing project and a semiconductor equipment facility. (CNBC)

Rank-and-file Teamsters members at United Parcel Service are due to start voting today on a tentative labor contract at the delivery giant. (USA Today)

Major shippers including BASF and Covestro are rerouting shipments and overhauling barge fleets to cope with receding water levels on Europe’s rivers. (Bloomberg)

An exodus of truck drivers from freight operations is the latest sign that shipping demand is cooling. (Washington Post)

American fashion brands say they are less likely to expand garment orders this year due to weak demand and uncertainty in the U.S. economy. (Nikkei Asia)

Container shipping lines have started to cut back services on weakening trans-Atlantic lanes. (Lloyd’s List)

Scorpio Tankers’ second-quarter profit fell more than 30% to $132.4 million as the carrier added new tonnage to its fleet. (ShippingWatch)

Automakers say shortages of rail cars are limiting their ability to send new vehicles to dealerships. (Supply Chain Dive)

Truckload carrier Schneider National acquired dedicated contract carrier M&M Transport. (Commercial Carrier Journal)

A growing number of postal operators worldwide are embracing drones for last-mile deliveries. (Air Cargo Next)

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 Twitter at @WSJLogistics.