U.S. job openings hit a fresh record of 9.2 million in May. (WSJ) German industrial production slipped 0.3% from April to May on automotive-sector supply constraints. (Dow Jones Newswires) Deutsche Post raised its full-year outlook, estimating operating earnings would reach $8.28 billion. (Dow Jones Newswires) Siemens Mobility will manufacture hundreds of passenger rail coaches for Amtrak in Sacramento, Calif. (WSJ) The owner of downtrodden retail brands including JCPenney and Forever 21 plans to sell shares to the public. (WSJ) Japan’s economic output fell in May for a second straight month. (Nikkei Asia) High shipping costs and distribution bottlenecks are plaguing book publishers. (Publishing Weekly) Toyota has started assembling vehicles in the African republic of Ghana, beginning with a pickup truck. (Automotive Logistics) Retailer Bed Bath & Beyond reached an overall in-stock level of about 95%, in part by cutting underperforming brands. (Supply Chain Dive) Clarkson Research Service says the global order book of new cargo vessels reached a seven-year high in the first half of the year. (Maritime Executive) Cosco Shipping Holdings expects full-year earnings to grow more than 30 times over to $5.7 billion after second-quarter revenue more than doubled. (Lloyd’s List) Cosco-owned Orient Overseas Container Line’s second-quarter revenue more than doubled to $3.5 billion as average revenue per container jumped 89.7% from a year ago. (Dow Jones Newswires) Direct-to-consumer beauty brand Glossier raised $80 million in new funding to back plans to open “dozens of new stores.” (Retail Dive) Chinese warehouse automation startup Hai Robotics is in talks for a $150 million funding round at a valuation of $1.3 billion. (The Information) Belarus is threatening to bar European Union products from passing through the country on the way to China. (RailFreight) French freight forwarder Geodis acquired Texas-based truck broker Velocity Freight Transport. (Logistics Management) Construction materials supplier Builders FirstSource is selling its Eastern U.S. gypsum distribution operations to a unit of privately held ABC Supply. (Dow Jones Newswires) Singapore’s CapitaLand is starting a second private fund of $300 million to develop logistics and manufacturing facilities in India. (Times of India) |