|
China’s exports rose 7.1% in August, a sharp slowdown from July and the weakest expansion since April. (WSJ)
The Institute for Supply Management’s purchasing managers’ survey showed the U.S. service sector expanded last month. (WSJ)
German factory orders fell in July for the sixth straight month. (Dow Jones Newswires)
Orders for Class 8 heavy-duty trucks nearly doubled from July to August but remain well behind year-ago levels. (Dow Jones Newswires)
Struggling home-goods retailer Bed Bath & Beyond sought to reassure markets with the appointment of an interim executive to lead its finances. (WSJ)
Oil and minerals companies Sitio Royalties and Brigham Minerals are merging in a $4 billion agreement. (WSJ)
An investigation found BMW’s joint-venture partner in China lost $1.2 billion in funds embezzled through illegal “ghost” transactions. (Caixin Global)
Russia is seeking to build an automotive supply chain largely independent of Western suppliers. (Automotive Logistics)
Blue Alpha Capital says container lines earned a combined $63.7 billion in profits in the second quarter, up $5 billion from the first quarter. (Seatrade Maritime)
A union representing security guards at the ports of Los Angeles and Long Beach authorized a strike. (Journal of Commerce)
China’s Shanghai port opened a large facility for handling only empty containers. (Splash 247)
Online pet products retailer Chewy opened its third highly automated U.S. fulfillment center. (Retail Dive)
Subcontracted drivers for Amazon in Japan are protesting working conditions and low pay. (Japan Times)
The head of U.K. parcel and logistics company DX Group resigned ahead of the results of a corporate governance inquiry. (Motor Transport)
The Philadelphia International Airport plans to build cargo facilities to lure freight operators away from New York. (The Loadstar)
|