Suspected Iranian gunmen seized a Panama-flagged tanker in the Gulf of Oman near the port of Fujairah. (WSJ) U.S. factory orders rose 1.5% in June on stronger demand for airplanes, oil and other industrial goods. (MarketWatch) Meat supplier Tyson Foods plans to require all its U.S. workers to be vaccinated against the coronavirus. (WSJ) Footwear merchant Wolverine Worldwide is moving into apparel sales with the $410 million acquisition of women’s activewear brand Sweaty Betty. (WSJ) DHL Express ordered 12 electric cargo aircraft from start-up Eviation for delivery in 2024 and plans to build an all-electric air cargo network. (WSJ) PepsiCo is selling its Tropicana orange juice and Naked juice brands to a private-equity firm. (WSJ) Electric-truck company Nikola says the global chip shortage will slash the number of vehicles it can produce in the fourth quarter. (CNN) Japan's Mitsubishi Chemical will build a $915 million plant in Louisiana to manufacture a key ingredient in plastics. (Nikkei Asia) Columbia Sportswear says the retailer faces $40 million in added shipping costs this year amid what it calls “clearly monopolistic” freight rates. (Sourcing Journal) Truck engine maker Cummins expects its transportation and logistics costs this year to increase by $295 million, up 55% from its earlier forecast. (Dow Jones Newswires) Container lines are paying higher charter rates for longer periods, with prices for mid-size vessels up 425% from a year ago. (S&P Global Platts) Container ship owner Danaos is signing vessel contracts at extremely high rates under deals beginning next year. (ShippingWatch) Mitsui OSK Lines ordered four car carriers capable of running on liquefied natural gas. (Lloyd’s List) Pratt Industries will build a $400 million paper mill in Henderson, Ky. (Recycling Today) Amazon will start charging Prime customers fees for delivery from Whole Foods in some U.S. cities. (Bloomberg) Food-delivery firm Deliveroo is withdrawing from Spain following government promises of a law to give gig economy workers greater employment rights. (The Guardian) A jury convicted the former CFO of trucker Roadrunner Transportation on four counts of violating federal securities laws. (Commercial Carrier Journal) U.S. freight forwarder AIT Worldwide extended a buying spree with the acquisition of Austin, Texas-based Intelligent Logistics. (DC Velocity) Brad Jacobs has taken XPO Logistics on a long growth journey over the past decade. (Transport Dive) TheEver Given container ship arrived at the U.K.’s Port of Felixstowe four months late. (BBC) |