Foxconn withdrew from a $19.5 billion joint venture with Indian mining conglomerate Vedanta Group to produce semiconductors in India. (WSJ)
Rivian Automotive’s surge on Wall Street in the past week gives the electric-vehicle maker an opportunity to raise more cash. (WSJ)
Taiwan’s exports plunged 23.4% in June, the steepest decline in nearly 14 years. (Reuters)
The U.K. is set to sign onto an 11-nation Pacific trade agreement this weekend. (Bloomberg)
Bankrupt off-price retailer Tuesday Morning plans to liquidate. (Retail Dive)
Dozens of vessels run by a secretive Indian company at the center of the Russian tanker trade have shifted to new management and ownership. (TradeWinds)
The fire that broke out on a car carrier and killed two firefighters at Port Newark was contained after five days. (WABC)
Maersk Line is slowing its hiring for open positions as it copes with falling shipping profitability. (ShippingWatch)
Drewry projects the global fleet of “smart,” digitally-equipped shipping containers will grow six-fold over the next five years. (Splash 247)
French temperature-controlled logistics specialist Seafrigo moved into air forwarding with the acquisition of U.K.-based PML. (Air Cargo News)
Flexport founder Ryan Petersen was named a partner in venture-capital firm Founders Fund, one of the freight forwarder’s backers. (Forbes)
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