U.S. producer prices ticked up 0.3% in July after a flat reading in June. (MarketWatch)
A measure of U.S. consumer confidence slipped this month from a 22-month high. (MarketWatch)
The International Energy Agency raised its forecast for global oil supplies next year while moderating its demand expectations. (WSJ)
U.S. Steel rejected an unsolicited buyout offer from rival steelmaker Cleveland Cliffs that would significantly reshape the domestic steel industry. (WSJ)
Nikola is recalling most of its battery-powered trucks after an investigation indicated a defective battery part likely caused a fire in one of the vehicles. (WSJ)
A crop considered a weed is being studied as a possible source of renewable diesel or sustainable jet fuel. (WSJ)
South Korea’s Posco plans to move production of battery materials from China to South Korea to qualify for U.S. tax incentives. (Financial Times)
The Macy’s department store chain is reshaping its supply chain with a goal of creating more “inventory productivity.” (Logistics Management)
Freight railroads are pushing back plans to join a federal safety program as they seek to overhaul the effort. (New York Times)
China's securities regulator approved trading of Shanghai container freight index futures on the Shanghai International Energy Exchange. (Reuters)
Deloitte resigned as auditor of India’s Adani Ports amid concerns over some transactions flagged by a short-seller. (Indian Express)
Taiwanese container carriers Yang Ming and Wan Hai Lines fell into the red in the second quarter. (Journal of Commerce)
China surpassed Greece as the world’s largest ship owner by tonnage. (TradeWinds)
Dutch authorities seized a record eight tons of cocaine on a ship from Ecuador at the Port of Rotterdam. (Associated Press)
Rapid capacity growth in airfreight and ocean markets is cutting deeply into profit margins at freight forwarders. (The Loadstar)
The U.S. and China agreed to roughly double the number of passenger flights permitted between the countries. (South China Morning Post)
Korean Air’s quarterly operating profit fell 36% as cargo revenue declined 56% amid “intensified competition” and falling freight rates. (Simple Flying)
GXO resumed logistics services for U.K. retailer Wilko after the company went into the British version of bankruptcy. (Motor Transport)
Longtime Aramark supply chain leader John Orobono died at 72. (Philadelphia Inquirer)
|