Producer prices rose 0.2% in June after remaining unchanged in May. (Dow Jones Newswires)
A measure of U.S. consumer sentiment fell this month to an eight-month low. (MarketWatch)
The head of the dockworkers’ union at East and Gulf coast ports warned the likelihood of a strike this fall is growing. (Dow Jones Newswires)
Cost-cutting helped Swedish telecom equipment maker Ericsson raise profits last quarter even as sales fell 7.1%. (WSJ)
Lufthansa cut its outlook for the year but says Lufthansa Cargo is hitting forecasts. (WSJ)
Dollar General will change storage practices as part of a $12 million settlement with federal regulators over safety violations. (WSJ)
Iran released the Chevron-chartered tanker that it seized in international waters 15 months ago. (Reuters)
Ukraine seized a cargo vessel that it claims carried “looted agricultural products” from its Russian-occupied territories. (Maritime Executive)
U.S. regulators halted the operating alliance between Maersk Line and Hapag-Lloyd set to take effect this week while they seek more information. (gCaptain)
Chinese battery giant CATL is talking with overseas sovereign wealth funds and private investors about raising $1.5 billion to build a global supply chain. (Financial Times)
The U.S. is giving Volvo $208 million to back production of electric heavy-duty trucks at its U.S. factories. (Cardinal News)
A federal judge sentenced Chris Kirchner, founder of once high-flying logistics technology startup Slync, to 20 years in prison for fraud and ordered him to pay $65 million in restitution. (Forbes)
The rate of trucking companies leaving the business slowed in May and June. (Trucking Dive)
Danish freight forwarder Scan Global Logistics is expanding into Brazil with the acquisition of Sao Paulo-based Blu Logistics. (Air Cargo News)
Mexican apparel suppliers suffered roughly $4 million in losses as Hurricane Beryl swept through the Yucatan Peninsula. (Sourcing Journal)
U.K. manufacturer Dyson plans to lay off about 1,000 people, a third of its workforce. (BBC)
Sales at industrial materials distributor Fastenal were flat last quarter. (Barron’s)
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