A measure of U.S. factory activity held steady in August while the index for new orders jumped to the highest level since May. (MarketWatch)
The dollar is moving toward its highest level on global currency markets in 20 years. (WSJ)
Initial unemployment claims in the U.S. fell to the lowest level in two months. (WSJ)
Spending in the U.S. on construction projects slipped 0.4% in July. (MarketWatch)
The Bank of Mexico cut its 2023 growth forecast in part on weaker demand for Mexican exports, particularly from the U.S. (WSJ)
Ukrainian officials say a Russian shipping line with ties to the country’s Defense Ministry has been ferrying weapons and supplies to Black Sea ports in support of Moscow’s war effort. (WSJ)
Lufthansa canceled most of its flights at its two German hubs today after the pilots union called a 24-hour walkout. (WSJ)
Campbell Soup’s quarterly profit slumped, as sales volumes shrank even though higher prices boosted revenue. (WSJ)
South Korea is doling out tens of millions of dollars in aid to the country’s small and medium-size exporters. (The Loadstar)
HSBC is forecasting an 80% slide in container line earnings over the next two years on rising capacity and declining demand. (Seatrade Maritime)
Drewry says rates from Hong Kong to Los Angeles fell another 18.1% over the past week to nearly $4,000 per 40-foot container. (Lloyd’s List)
The chief engineer of an Eagle Bulk vessel was sentenced to a year in prison for dumping oil-contaminated bilge water off New Orleans. (TradeWinds)
Amazon plans to close two Baltimore-area delivery facilities and lay off 353 employees. (Baltimore Sun)
Alibaba invested another $912 million in Southeast Asia e-commerce firm Lazada. (Nikkei Asia)
A report projects the global freight brokerage market will nearly double by 2031 to $91 billion in revenue. (DC Velocity)
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