Global logistics giant DB Schenker is buying Van Buren, Ark.-based truckload carrier USA Truck in an all-cash deal valued at about $285 million, excluding debt. (WSJ)
A measure of U.S. consumer sentiment fell to another record low in June. (WSJ)
New home sales in the U.S. jumped 10% from April to May but were down 5.9% from the year before. (MarketWatch)
Ethanol prices have risen 14% so far this quarter. (WSJ)
United Airlines and its pilots’ union reached a tentative contract agreement that would raise pilot pay by more than 14% in 18 months. (WSJ)
Auto makers are raising prices for electric vehicles amid rising materials costs for batteries and growing consumer interest in the cars. (WSJ)
Vietnam's textile and apparel exports are expected to rise 23% to a record high of $22 billion in the first six months of 2022. (Nikkei Asia)
U.S. securities regulators are weighing a rule requiring that businesses disclose emissions data from suppliers and customers when assessing their climate-related financial risk. (Roll Call)
Inventory liquidation companies are seeing booming business as retailers cope with stockpiles of merchandise. (Modern Retail)
Corn is stacking up outside of Brazilian silos at the fastest rate in years after a bumper harvest. (Bloomberg)
Thousands of small U.K. construction companies have folded in the face of rising materials and labor costs. (Financial Times)
CSX is launching a $25 million expansion of its intermodal rail yard in Chicago. (Progressive Railroading)
President Biden is nominating Democrat Robert Primus to a second five-year term on the Surface Transportation Board. (Railway Age)
China’s plummeting steel demand and falling prices for the metal are raising alarms among operators of dry-bulk vessels. (Splash 247)
Maersk Line says its container ships are being delayed for up to three weeks at congested U.S. East Coast ports. (ShippingWatch)
DP World will help develop new cargo handling capacity at Romania’s Port of Constanta. (Port Technology)
A shipping insurance executive says new vessel types will be needed to transport electric vehicles and their highly flammable lithium-ion batteries on the water. (Lloyd’s List)
British parcel carrier Yodel swung to its first profit in 10 years in its latest fiscal year. (Motor Transport)
Private-equity firm Red Arts Capital acquired contract packaging services provider Coregistics. (DC Velocity)
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