One of the largest warehouse developers in the U.S. is plugging into the artificial-intelligence boom. California-based Panattoni Development plans to build a gigawatt of data-center capacity over the next five years. The WSJ Logistics Report writes demand for the sprawling, warehouse-like buildings that house the internet has surged alongside interest in generative AI and machine-learning technologies and demand for cloud computing. Tech giants such as Google, Microsoft and Amazon Web Services have rushed to lease, buy or build space over the past four years to power everything from generative AI chatbots to apps, emails and photos stored in the cloud. The growing demand has attracted big investment and new developers to the sector. Prologis, the world’s largest industrial real-estate operator, has said it too plans to begin building data centers. 

• Samsung Electronics reported a nearly sixfold increase in net profit for the second quarter. (WSJ)
• Microsoft reported growth in its main cloud-computing business narrowly missed expectations. (WSJ)

Temu suppliers are pushing back on a generous return policy that’s cutting into their profits. Some Chinese merchants say they’re bearing the brunt of a policy on the bargain site that allows buyers to get refunds without returning the items. The WSJ’s Shen Lu reports some merchants say they have shut down factories and incurred debts after Temu started imposing hefty penalties over what the platform deemed after-sales issues. Such issues arise if Temu finds fault with the products delivered or if consumers demand a refund. Temu says the policy is meant to ensure a high level of customer service. But merchants say some customers are abusing the policy. Videos teaching people how to receive free goods from the shopping app have circulated widely online. A group of suppliers stormed a Temu affiliate’s office Monday in Guangzhou, southern China, in protest over the penalties.

Pending home sales in the U.S. rose in June from May. (MarketWatch)

U.S. crude oil inventories fell more than expected last week. (WSJ)

Canada’s gross domestic product edged up 0.1% in June. (WSJ)

Consumer prices in the eurozone rose 2.6% in July compared with last year. (WSJ)

Boeing hired aerospace veteran Robert "Kelly" Ortberg as its next CEO. (WSJ)

Delta Air Lines reported a $500 million hit from the CrowdStrike technology outage that caused mass flight cancellations. (WSJ)

Airbus posted a slump in profit for the second quarter and said it will deliver fewer planes than expected this year. (WSJ)

C.H. Robinson Worldwide reported revenue rose 1.4% in the second quarter to $4.5 billion. (Reuters)

Operating income at trucker Werner Enterprises plummeted 58% year-over-year to $27.6 million in the second quarter. (Trucking Dive)

Container shipping line Ocean Network Express reported revenue of $4.2 billion in the latest quarter, up 12% from last year. (The Loadstar)

South Korea’s top three shipbuilders are contending with the prospect of a series of strikes next month. (Splash 247)

India is investing in infrastructure to support surging interest from U.S. companies looking to source goods outside of China. (New York Times)

Two former railroad contractors were indicted in Kansas for their alleged participation in a conspiracy to sell stolen Garmin watches. (KSHB)

Paul Page is editor of WSJ Logistics Report. Reach him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on X at @WSJLogistics.