A hedge fund with a big stake in Yellow is looking for a larger role in the collapsed trucker’s liquidation in bankruptcy. Boston-based MFN Partners is pushing to select directors to the company’s board and for the appointment of an official group to represent shareholders’ interests in the chapter 11 case. The WSJ’s Soma Biswas reports the move comes as Yellow is drawing so much interest in its real-estate assets that it may be able to pay off all of its financial debt. That raises the question of whether there will be anything left for Yellow stockholders to cover their lost equity. If MFN gets its request for the appointment of a special group of shareholders, the firm could bill its legal fees to Yellow. Adding to the bankruptcy-court drama, MFN remains a significant shareholder in XPO, a major rival to Yellow in the less-than-truckload arena.

• ABF Freight’s shipment count and pricing power improved sharply in the month after rival trucker Yellow’s collapse. (Dow Jones Newswires)
• Knight-Swift Transportation's CEO and chief financial officer offered to take 20% pay cuts to help the trucker reduce its costs this year. (Dow Jones Newswires)

The U.S. and China are seeking to repair their increasingly fractious trade relationship. In a visit to Beijing, Commerce Secretary Gina Raimondo said the countries had agreed to set up new channels of communication for economic and commercial issues, including a new forum to discuss export-control measures. The WSJ’s Yuka Hayashi reports the measures are aimed at easing tensions that followed restrictions from Washington on China-bound exports of advanced semiconductors and equipment. Those new controls led to retaliation from Beijing, with the potential for escalation that could hit goods trade. The countries are fighting across the fault lines between national security and commerce. The Biden administration has sought to establish new supply chains for essential components such as semiconductors, arguing China’s dominance in some arenas presents a national security concern. The conflict has grown as China’s share of U.S. goods imports has slipped to the lowest level since 2003.

• The U.K. says it is close to a free trade agreement with India. (The Independent)
• India expanded its restrictions on rice exports, further driving up prices on global markets. (Reuters)

The potential macroeconomic benefits of generative artificial intelligence are staggering, but the disruption of such game-changing technology in the workplace is a more complicated story. The WSJ's Bob Fernandez reports the technology behind the popular ChatGPT application will take tasks from millions of employees higher on the wage ladder more than it does from those whose jobs have been diminished by factory or warehouse robots. Ultimately, the issue is whether displaced skilled employees will be consigned to less economically valuable work in an AI-driven economy. The experience at trucker Leonard’s Express shows how AI could proliferate in a corporate setting. Leonard’s is using AI to watch camera feeds to alert the company to potential safety problems with trucks on the road. It’s also considering an AI tool to help with fleet and load management. Co-owner Ken Johnson says he sees the effort “as a growth-catalyst instead of people-replacement.”

Factory activity in Texas contracted in August as production and shipments weakened. (Dow Jones Newswires)

Exxon Mobil says the global effort to curtail greenhouse-gas emissions isn’t on track to keep the planet’s temperature from rising beyond an increase of 2 degrees Celsius by 2050. (WSJ)

The U.K. restricted flights across its airspace for several hours after a technical issue disrupted its air-traffic-control system. (WSJ)

Rite Aid is preparing to file for bankruptcy to address mass federal and state lawsuits over the drug store chain’s alleged role in opioid sales. (WSJ)

A small bulk ship became the second vessel to slip through a temporary corridor Ukraine established through the Black Sea. (TradeWinds)

Social media posts show growing protests and walkouts by factory workers in China. (Nikkei Asia)

Workers at a Chevron liquefied natural gas facility in Australia are threatening to strike starting Sept. 7. (Bloomberg)

Ship owners and traders such as commodities companies that lease vessels are clashing over who should foot the bill for new environmental regulations. (Financial Times)

A.P. Moller-Maersk is proposing to build and operate a container terminal at Bangladesh’s Laldia of Chattogram port. (Business Standard)

Power-management company Eaton is investing more than $500 million to expand manufacturing across North America. (Dow Jones Newswires)

Apparel supplier Guess plans to cut its inventories by about 10% this fiscal year. (Supply Chain Dive)

Transport equipment maker Wabash opened a trailer manufacturing facility in Indiana. (DC Velocity)

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 X at @WSJLogistics.