Yellow is at the brink of bankruptcy as customers flee the trucker and a cash crunch gets deeper. The country’s No. 3 less-than-truckload operator is preparing a bankruptcy filing that could be filed in the coming days, the WSJ’s Soma Biswas and Alexander Gladstone report, although no decision has been made and Yellow continues to explore other options. Yellow officials say they are preparing “for a range of contingencies,” but the latest efforts signal the company faces a high risk of liquidation since its customers have already abandoned the business in large numbers. At the same time, Yellow and the Teamsters are continuing to negotiate on new contract terms that the carrier needs to be able to implement cost-saving efficiency initiatives. The financial hurdles are high: Yellow has $1.3 billion in debt maturities next year and it still faces deferred payments to a pension and benefits fund next month.

Bath & Body Works decided that it wasn’t enough to reshore its own production of consumer goods. The company decided to bring its suppliers along for the ride. The result is a “beauty park” on the outskirts of Columbus, Ohio, that counts 10 manufacturers and millions of square feet of production and warehouse spaces. The WSJ’s Austen Hufford reports it’s a production initiative with little parallel in America and has helped Bath & Body Works clear a big hurdle to reshoring. By bringing suppliers together, the company has slashed the time and distance that parts travel before a completed bottle gets into its distribution network. The effort, which started in 2008, required a lot of negotiation with sometimes skeptical suppliers. The strategy may be difficult to replicate for complex products, but it may serve as a model for some companies looking to break the code on nearshoring.

• Owners of Mexican industrial parks are under pressure to add energy infrastructure to win nearshoring business. (Reuters)

The Federal Reserve resumed lifting interest rates with a quarter-percentage-point increase that will bring them to a 22-year high. (WSJ)

Sales of newly built homes in the U.S. slipped 2.5% from May to June. (MarketWatch)

Union Pacific named veteran rail executive Jim Vena chief executive, after a major shareholder called for CEO Lance Fritz’s removal. (WSJ)

Net income at Airbus fell 20% in the first half of the year, in part from spending to ramp up factories for increased jet production. (WSJ)

Boeing lost $149 million last quarter as more charges in its defense business outweighed gains in the commercial jet arena. (WSJ)

Dutch authorities are investigating whether a fire on a K Line car carrier that killed one sailor started in one of the electric vehicles onboard. (WSJ)

The Panama Canal is extending restrictions on shipping transits because of ongoing drought conditions. (ShippingWatch)

Container throughput at Russian ports surged by a third in the second quarter compared to last year. (Lloyd’s List)

Container line Zim is offloading several ships after expanding rapidly in the past year. (The Loadstar)

Orders for new product tankers in the first half of this year surpassed the total number of orders for all of last year. (Splash 247)

Hyundai Motor’s operating profit jumped 42% in the June quarter as strong sales in North America and South Korea offset sagging China business. (Nikkei Asia)

Steelmaker Nucor plans to begin construction of a sheet steel mill in Mason County, West Virginia. (Huntington Herald-Dispatch)

BNSF Railway plans to build a 900-acre logistics center north of Dallas in the next two years. (Dallas Morning News)

Alabama-based P&S Transportation extended its acquisition by buying two trucking and brokerage operators in recent days. (Commercial Carrier Journal)

Contract logistics provider GXO Logistics named Adrian Stoch to the new position of chief automation officer. (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 Twitter at @WSJLogistics.