Retailers have finally worked through the piles of excess inventory that tripped them up over the past year. Now, U.S. consumers appear to be undertaking their own destocking efforts, with demand for apparel and accessories declining. Macy’s set a dour tone for the retail sector by cutting back its full-year outlook on sales and profits, the WSJ’s Suzanne Kapner reports, signaling that department stores and outlets focused on discretionary goods face an uphill climb with consumers. The troubles on the demand side come amid growing signs that the inventory overhang from last year is clearing. Macy’s inventory was down 7% from the prior year, in line with its sales decline. Nordstrom ended last quarter with inventory down 8% from last year, although its sales fell 11.6%. Macy’s executives say they’re now focused on “inventory discipline,” signaling the chain aims to remain nimble and adjust to potential changing consumer behavior.

• Dollar General cut its outlook after quarterly sales rose a disappointing 6.8%. (WSJ)

The trucking industry’s push toward electric power is looking increasingly expensive. When Freightliner owner Daimler Truck and Toyota-controlled manufacturer Hino agreed recently to work together in Japan, the deal marked the latest effort in the sector to pool resources on the big and unsettled changes hitting heavy-duty trucking. The WSJ’s Stephen Wilmot writes in a Heard on the Street column that technological change is about to get still more expensive for truck makers, with manufacturers only just starting to increase output of EVs using battery technology borrowed from the car industry. Trucking hasn’t entirely settled on batteries, however, and hydrogen fuel cells and even internal-combustion engines that might run on hydrogen are still being studied. The low-key launch of Tesla’s Semi truck seems to reinforce questions about batteries. Launch customer PepsiCo mainly seems to use it to ship light cargoes of potato chips, underlining the technology’s limitations.

• The market for used heavy-duty trucks is fading as freight demand recedes. (Commercial Carrier Journal)

Meat markets in the U.S. are in turmoil. The supply of cattle across the country is shrinking as ranchers respond to fast-rising costs and widespread drought conditions by selling off livestock, setting the stage for higher consumer prices. The WSJ’s Patrick Thomas reports the number of cattle in the U.S. is at its lowest level in nearly a decade and beef production is on track to drop by more than 2 billion pounds in 2024, the biggest annual decline since 1979. Shrinking herds is a weighty bet since rebuilding can take years. The impact is reaching across supply chains, from meatpackers to restaurants and burger joints. Live cattle futures have been hitting record highs and Tyson Foods, Cargill, JBS and National Beef are paying more to secure supplies. Restaurants are already bracing for price increases as earlier agreements run out and suppliers strike new, more expensive deals.

Manufacturing activity in the U.S. contracted for a seventh straight month and a measure of order backlogs fell to the lowest level since 2009. (MarketWatch)

U.S. private-sector payrolls rose by 278,000 in May, including 110,000 added jobs in the goods sector. (MarketWatch)

Consumer inflation in the eurozone pulled back to a 15-month low in May. (WSJ)

The International Energy Agency predicts renewable energy capacity worldwide will be on par with fossil fuels by next year. (Nikkei Asia)

Ukraine says Russia is blocking ships at all its ports despite a U.N.-brokered Black Sea grain deal. (Reuters)

Singapore’s detentions of oil and chemicals tankers are surging as concerns grow over an expanding “dark fleet” of aging vessels. (Bloomberg)

Rates for bulk shipping’s large capesize vessels are plummeting on weak coal demand in Europe. (TradeWinds)

The International Air Transport Association says global air cargo demand slowed 6.6% in April while capacity expanded 13.4% from last year. (Air Cargo News)

Walmart will switch to paper mailers and custom-fit cardboard packaging to reduce delivery waste. (CNBC)

Uber Eats plans to roll out up to 2,000 sidewalk delivery robots from Serve Robotics in new U.S. markets. (Supply Chain Dive)

New truck-emissions regulations in California have drawn a clutch of startups that are racing to build electric-vehicle charging stations and cash in on the state’s drive to electrify truck fleets.

Board directors are playing an important role in cybersecurity. Michael Montoya from Equinix and Friso van der Oord from the National Association of Corporate Directors offer a workshop session to reinforce cyber knowledge for these executives.

Has China’s slow postpandemic reopening changed the country’s outlook? Economics professor Keyu Jin and Zak Dychtwald, founder of Young China Group, discuss at WSJ’s CEO Council event in London.

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 Twitter at @WSJLogistics.