Retail spending in the U.S. rose 0.3% from April to May as growing sales at stores offset a sharp decline in spending at gas stations. (WSJ)
U.S. industrial production fell 0.2% in May after two straight months of gains while capacity utilization slipped from April. (MarketWatch)
The cost of imported goods into the U.S. fell in May for the fourth time in the past five months. (MarketWatch)
Beijing is planning major steps to revive China’s flagging economy, including possibly adding billions of dollars in new infrastructure spending. (WSJ)
Kroger’s same-store sales rose 3.5% last quarter as higher-income consumers stepped up purchases at supermarkets. (WSJ)
France is drumming up support for a global levy on greenhouse gas emissions from the shipping industry. (Financial Times)
The World Bank says a carbon tax could help fund efforts to cut shipping emissions. (DC Velocity)
Japan will provide a subsidy of about $853 million to Toyota to help the carmaker increase its production of electric-vehicle batteries. (Nikkei Asia)
Maersk bought 25 electric trucks from Volvo for use in Germany. (ShippingWatch)
Shoemaker Rockport filed for chapter 11 bankruptcy protection for the second time in five years. (Bloomberg)
Union Pacific says rising labor and other operating costs will likely raise the railroad’s operating ratio this year. (Railway Age)
Online pet-goods retailer Chewy added a site in Nashville, Tenn., to its growing network of automated fulfillment centers. (Supply Chain Dive)
Kenyan tea pickers are destroying machines brought in to replace them as they protest the agribusiness automation. (Semafor)
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