Weekly new jobless claims in the U.S. fell to a fresh low since the pandemic began. (WSJ) Dozens of people were feared dead and many more were missing in flooding that halted waterways traffic across parts of western Europe. (WSJ) Intel is exploring a deal to buy GlobalFoundries, in a move that would turbocharge its plans to make more chips for other tech companies. (WSJ) Workers at a Volvo Trucks North America plant in Virginia ratified most of a six-year contract and suspended their strike. (Dow Jones Newswires) Trading this year in shares of Chinese electric-vehicle battery maker Contemporary Amperex Technology has pushed the company to a market value of $203 million. (WSJ) U.S. Senate Democrats plan to start floor action next week aimed at approving a roughly $1 trillion infrastructure package. (WSJ) Venture-capital firm 8VC will work with Lineage Logistics on transportation and logistics investments. (CNBC) Union Pacific suspended intermodal container transports from the West Coast to Chicago to relieve congestion at its big Midwest hub. (Trains) Austria’s Lenzing Group and Italy’s Tencel will jointly develop a fiber for textile products made of orange peels and wood pulp. (Sourcing Journal) Macy’s is trying to speed up its supply chain by aligning inventory management in warehouses and at its department stores more closely. (Supply Chain Dive) Cosco’s China Shipping is buying 10 mid-sized container ships under a $1.5 billion deal with its own shipbuilding subsidiary. (Dow Jones Newswires) Alphaliner says a spate of unconfirmed vessels orders could drive a new container shipping capacity rush if they are completed. (Lloyd’s List) Regulators extended until the end of the year an exemption allowing airlines to carry cargo in aircraft cabins. (Air Cargo News) Vietnam Airlines plans to launch a freight airline after seeing strong cargo business during the pandemic. (VE Express) Uber Freight will work with freight broker BlueGrade Logistics to start less-than-truckload service. (Journal of Commerce) Prices for wooden pallets are rising amid shortages of the shipping platforms. (Bloomberg) |