U.S. consumer inflation reached an 8.6% annual rate in May on surging energy and food prices. (WSJ)
A measure of U.S. consumer confidence fell sharply this month to a record low. (MarketWatch)
Growth in China’s producer prices eased back to 6.4% in May following 8% expansion in April. (WSJ)
Commodities trading giant Trafigura rode market chaos to a record $2.7 billion profit in the six months through March. (WSJ)
Revlon is preparing to file for chapter 11 bankruptcy protection after struggling to keep up with competition from newer cosmetic brands. (WSJ)
Production at big Japanese aerospace suppliers including Toray Industries and Teijin has returned to pre-pandemic levels. (Nikkei Asia)
Iran’s state-run shipping line is using a new trade corridor to transport Russian goods to India. (Bloomberg)
Dockworkers at Germany’s Port of Hamburg walked off their jobs in “warning strikes” over a wage dispute. (The Loadstar)
Spot rates in the dry-bulk shipping sector tumbled 19% in the past week. (TradeWinds)
An overladen livestock vessel crammed with thousands of sheep capsized in the Red Sea, drowning the animals. (Al Arabiya)
IATA says global air cargo traffic fell 11.2% in April, including as 15.8% drop in Asia-Pacific demand. (Air Cargo World)
U.K. trucking business Pall-Ex Group wants to extend its less-than-truckload franchise operation to the U.S. (Global Trade)
U.K. developer Panattoni plans a 1.3 million-square-foot logistics development in Bristol that will include the U.K.’s largest-ever single speculative logistics facility. (Logistics Management)
Apparel and footwear distributor Deckers named Angela Ogbechie to the new position of chief supply chain officer. (Dow Jones Newswires)
Dave Clark had unvested Amazon stock valued at about $77 million before he resigned from the online retailer this month. (Business Journals)
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