Brent-crude futures tumbled to less than $93 a barrel amid expectations of rising supply and waning demand from China. (WSJ)
Japan’s economy recovered its prepandemic size with 2.2% annual growth in the second quarter. (WSJ)
The yen’s historic decline is boosting sales and profits at top Japanese companies. (WSJ)
A measure of home-builder confidence fell for the eighth straight month. (MarketWatch)
Water levels on the Rhine fell to new lows, further restricting barge traffic on the key waterway. (DW)
Dockworkers at the U.K.’s Port of Liverpool voted to authorize a strike over pay and working conditions. (Reuters)
Ukraine war insurance rates for the shipping industry are moderating. (Lloyd’s List)
Prices for bulk shipping’s largest capesize vessels fell to a six-month low. (TradeWinds)
Altera Infrastructure, an offshore support services ship owner, filed for chapter 11 bankruptcy protection. (Bloomberg)
Intermodal rail transport remains a weak link at the ports of Los Angeles and Long Beach even as a ship backup dwindles. (Daily Breeze)
Mediterranean Shipping Co. took a stake in a South African company that runs several private hospitals. (ShippingWatch)
U.S. regulators ordered the U.S. branch of a Hong Kong-based WIN.IT Information Technology to pay more than $1 million in back wages to warehouse workers in Kentucky and California. (DC Velocity)
Discount retail grocery chain Aldi is raising pay for its warehouse workers in the U.K. by 9%. (Financial Times)
Australia’s Qantas is adding six A321 converted freighters to its fleet to meet e-commerce demand. (Simple Flying)
Aircraft maintenance company Aspire MRO is starting a 777 freighter conversion program. (Air Cargo News)
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