The U.S. dollar is nearing its highest levels for the year against other major currencies. (WSJ)
Trucker Knight-Swift Transportation lifted its outlook after second-quarter net profit nearly doubled to $152.8 million on a 24% gain in revenue. (Dow Jones Newswires)
Second-quarter earnings at CSX more than doubled to $1.12 billion and the freight railroad shaved its operating ratio to 43.3%. (Dow Jones Newswires)
Coca-Cola raised its annual outlook as quarterly sales topped revenue for the same period in 2019. (WSJ)
J.B. Hunt Transport Services has limited service to some customers because of capacity constraints. (Supply Chain Dive)
BMW says the semiconductor shortage is holding back production of about 10,000 cars. (Reuters)
Taiwan Semiconductor Manufacturing is moving to add a chip plant in Japan to supply Sony. (Nikkei Asia)
Foxconn and Japanese manufacturer Nidec are in talks over a Taiwan-based joint venture to build motors for electric vehicles. (Financial Times)
Experts say record-high container rates are pricing some U.S. importers out of the trans-Pacific market. (Journal of Commerce)
U.K. freight forwarder Allseas Global Logistics is paying $100,000 a day to charter a small container ship for trans-Pacific transport. (TradeWinds)
The head of the Georgia Ports Authority says the crush of imports into the U.S. is likely to last into 2022. (Bloomberg)
Loaded container imports into the Port of Virginia rose 45.8% in June but slipped 4.3% from May’s inbound volume. (Maritime Executive)
Australia’s federal government rejected plans for a new container terminal at the Port of Newcastle. (Port Technology)
Korea Shipbuilding & Offshore Engineering swung to a $626 million second-quarter loss largely on rising steel costs. (Lloyd’s List)
Tesla is preparing to start production of its Semi heavy-duty electric truck. (Electrek)
Grocery chain Giant Eagle plans to convert all its trucks to alternative-energy power. (Transport Dive)
Steve McCormick will retire as president and CEO of Yum Brands provider Restaurant Supply Chain Solutions and will be succeeded by COO Todd Imhoff. (Business Journals)
Police seized a large drone being used to fly up to 150 kilos of narcotics from northern Africa to southern Spain. (El Pais)
|