Sales of previously owned homes slid 3.4% in May in the fourth straight monthly decline. (WSJ)
FedEx is taking a stake in freight-tracking software company FourKites as the two jointly build a data platform that aims to predict shipping delays and prescribe alternative plans for shippers. (WSJ)
The Supreme Court agreed to decide whether New Jersey can unilaterally pull out of a bistate crime-fighting agency it has operated with New York for decades. (WSJ)
Tens of thousands of transport workers brought the U.K. to a standstill during the largest rail strike in three decades. (WSJ)
Airports world-wide are struggling to handle the surge in passenger travel, as ground-handling staffing shortages lead to lengthy backups and lost luggage. (WSJ)
American businesses in China fear a new U.S. law blocking most imports from China’s Xinjiang region might delay shipments and raise compliance costs. (WSJ)
Kellogg plans to break up its business into three companies in a bid to bolster growth in its big snacks segment. (WSJ)
Amazon named longtime executive Doug Herrington as its new boss of world-wide stores following the departure of Dave Clark. (WSJ)
Sales for the annual sales event at China’s JD.com rose at the slowest pace in the online event’s five-year history. (WSJ)
Swedish electric-vehicle maker Polestar expects to raise around $850 million through a merger with a special-purpose acquisition company. (WSJ)
U.K. online grocer Ocado plans to raise more than $1 billion through a new share placement and new borrowing. (Reuters)
HMM and its affiliates increased their holdings in smaller South Korean container carrier SM Line. (The Loadstar)
Libra Group subsidiary Americraft Marine acquired St. John’s Ship Building, a Jones Act shipyard in Florida focused on vessels serving offshore wind operations. (Lloyd’s List)
Trac Intermodal says it is waiting nearly three times as long for truckers to return chassis as it did before the pandemic. (Transport Dive)
Indian e-commerce platform Shiprocket bought a controlling stake in fulfillment software provider Pickrr in its fourth acquisition of the year. (DealStreetAsia)
Rising materials and labor costs have pushed the price of a large pizza past $30 in some parts of the U.S. (Business Journals)
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