The U.S. economy added 390,000 jobs in May and annual wage gains slowed. (WSJ)
Growth in the U.S. services sector slipped to its lowest level since February 2021. (MarketWatch)
A run of mixed economic data is dragging on the U.S. dollar in global currency markets. (WSJ)
Dave Clark, who led Amazon’s aggressive expansion of its logistics operations in recent years, resigned from his position as consumer CEO. (WSJ)
The White House changed the amount of ethanol that must be blended into gasoline, in an effort to boost domestic fuel supplies. (WSJ)
Abbott Laboratories resumed infant formula production but the U.S. shortage is expected to persist for several more weeks. (WSJ)
Tesla plans to cut 10% of its salaried employees, saying it has “become overstaffed in many areas.” (WSJ)
The FCA US unit of auto manufacturer Stellantis agreed to pay $300 million after pleading guilty to fraud over emissions from some of its Chrysler automobiles. (WSJ)
Private-equity firm Sycamore Partners and retail holding company Franchise Group are bidding to buy the Kohl’s department store chain. (WSJ)
U.S. retail goods manufacturer Home Products International filed for chapter 11 bankruptcy protection. (WSJ)
Dozens of people were killed when a fire ripped through a container yard near Bangladesh’s Port of Chittagong. (The Guardian)
Container line CMA CGM more than tripled its first-quarter profit to $7.2 billion despite a 2.8% drop in container volumes. (Reuters)
The Port of Houston is expanding gate hours as import volumes stretch terminal handling capacity. (Journal of Commerce)
CSX CEO Jim Foote says the railroad has been turning away freight as it struggles to hire workers. (Bloomberg)
Companies providing services at truck stops are at risk of disappearing as the trucking business evolves. (New York Times)
Royal Mail’s labor union says it will poll workers on a possible strike against the U.K. parcel carrier this month. (Motor Transport)
Mexican airline mas is expanding into China with freighter flights to Zhengzhou and Chongqing. (Air Cargo World)
Global Critical Logistics acquired live event specialist Asesores de Flete and will integrate the Madrid-based forwarder into its Rock-it Global operation. (Air Cargo News)
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