U.S. oil prices fell below $80 a barrel for the first time since January. (WSJ)
The British pound fell today to its lowest-ever leve against the U.S. dollar. (WSJ)
General Motors will spend $760 million to prepare an Ohio plant for production of drive units for electric vehicles. (WSJ)
A federal judge ruled U.S. Sugar can proceed with its planned purchase of rival Imperial Sugar despite a Justice Department antitrust challenge. (WSJ)
A handful of large companies including Amazon could be among the top payers of a new 15% corporate minimum tax. (WSJ)
Costco Wholesale’s comparable sales jumped 14% last quarter. (WSJ)
Alaska Airlines reached a tentative contract agreement with its pilots. (WSJ)
South Korean electronic parts manufacturer LG Innotek is spending more than $1 billion to expand its supplies for Apple iPhones. (Nikkei Asia)
Oil and gas industry parts supplier Smiths Group is seeing record demand as energy companies seek new sources outside Russia. (Financial Times)
Grocery-delivery company Instacart is cutting staff, slowing hiring and curbing other expenses as it prepares for a public listing. (The Information)
Nordstrom is laying off 231 workers at its Cedar Rapids, Iowa, distribution center. (KCRG)
Mediterranean Shipping Co. is stepping up its fight against a shipper’s claim that the carrier violated its commitments. (Splash 247)
The U.S. Postal Service plans to consolidate operations at about one-fifth of its delivery centers into larger facilities. (Supply Chain Dive)
The U.S. Senate confirmed Robin Hutcheson as head of the Federal Motor Carrier Safety Administration. (Truckers News)
Canada is dropping the vaccine requirement for visitors coming into the country, including truck drivers. (Detroit News)
|