OPEC and its allies agreed to increase oil production following calls by the U.S. and other major consumers for more supply. (WSJ)
Gasoline prices at the pump have fallen for 50 straight days across the U.S. to nearly $4 a gallon. (WSJ)
Walmart is cutting hundreds of corporate jobs in a restructuring effort after warning of falling profits. (WSJ)
Grubhub’s parent company wrote down the value of the online food-delivery service by the equivalent of about $3 billion. (WSJ)
Workers at three Boeing defense manufacturing plants accepted a new contract, averting a potential strike. (WSJ)
Airbus scrapped a deal worth billions of dollars to supply Qatar Airways with 19 of its largest aircraft. (WSJ)
Under Armour says high freight costs and product markdowns are driving down profits. (WSJ)
CVS Health raised its outlook after reporting an 11% increase in second-quarter sales despite slipping demand for Covid vaccines. (WSJ)
U.S. work-safety regulators extended their investigation of Amazon warehouses to more facilities. (CNBC)
Alibaba has struggled in the U.S. market in part because it hasn’t provided enough help to American merchants seeking to sell in China. (Modern Retail)
FedEx is buying a 10% stake in warehouse automation company Berkshire Grey. (DC Velocity)
European regulators ended their approval of carrying cargo in the cabins of passenger aircraft. (Air Cargo News)
Air Canada is bulking up its cargo capacity with orders for two new Boeing 777 freighters. (Simple Flying)
Autonomous truck maker TuSimple trimmed its quarterly loss about 7% to $108.6 million. (TechCrunch)
The Port of Oakland is suing protesters who effectively shut down the port last month over California’s AB5 employment law. (Transport Dive)
Global textile supply-chain technology company NTX raised nearly $200 million in a new funding round. (Sourcing Journal)
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