Today’s Logistics Report: Guessing Game for Gas; Grains are Tumbling; Fading Housing Boom


Roger Pettingell Sarasota Real Estate

The Justice Department and Cargill and Continental Grain are discussing potential concessions that could clear the way for the companies to acquire poultry processor Sanderson Farms. (WSJ)

Delta Air Lines is ordering 100 of Boeing’s largest 737 MAX jets. (WSJ)

Stellantis plans to drop the joint venture that makes and distributes its Jeep brand in China and focus on selling imported vehicles in the country. (WSJ)

Draft legislation headed for a U.S. Senate vote would block semiconductor subsidies​ for companies making advanced chips in China. (WSJ)

Fast fashion apparel retailer Hennes & Mauritz said it would exit Russia. (WSJ)

Train operators canceled services and London Luton Airport suspended service as the runway buckled under record high temperatures in the U.K. (WSJ)

Textile producer Milliken & Co. is phasing out its Sylvania, Ga., plant as it restructures its U.S. footprint. (Sourcing Journal)

Retailers including Abercombie & Fitch, Dillard’s and American Eagle Outfitters are joining the push to charge customers for e-commerce returns. (Footwear News)

Kroger is adding warehouses automated with Ocado technology for e-commerce fulfillment in Tennessee and Illinois. (Supermarket News)

Alphabet’s Wing subsidiary has developed new drones designed to more efficiently deliver packages weighing up to 7 pounds. (BNN Bloomberg)

The U.K. is setting up a 164-mile airspace corridor for what it calls a drone superhighway. (BBC)

Boeing expects the global freighter fleet to grow 80% over the next 20 years, an average annual pace of 3%. (Air Cargo News)

A court barred further strikes by German port workers until at least Aug. 26. (The Loadstar)

East and Gulf coast ports in the U.S. are gaining container volumes as shippers divert goods from the West Coast amid dockworker contract negotiations. (Journal of Commerce)

European ferry operator DFDS raised its earnings outlook on improving freight and passenger traffic. (ShippingWatch)

Shares in Performance Shipping tumbled after the tanker owner struck deals for $6 million in sales in direct share offerings and warrants to institutional investors. (Dow Jones Newswires)

Prologis second-quarter earnings rose 1.8% to $610 million as warehouse rental income ticked up to $1.1 billion. (Dow Jones Newswires)

Marten Transport’s $40.9 million second-quarter operating profit was the best in the truckload carrier’s 77-year history. (Dow Jones Newswires)

The average price of used trucks sold through Ritchie Bros. auctions rose 31% in the second quarter. (Today’s Trucking)


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