United Parcel Service is selling its Coyote Logistics freight brokerage business to RXO for $1.025 billion. (WSJ)
Private measures of business activity in the U.S. expanded this month at the fastest pace in two years while Europe showed signs of a slowdown. (WSJ)
The index for leading U.S. economic indicators slipped in May but remained above levels signaling a recession. (MarketWatch)
Bankrupt electric-vehicle startup Fisker plans to liquidate and sell its remaining fleet to a leasing company. (WSJ)
Airbus is nearing a deal with Spirit AeroSystems to take over parts of the aerospace supplier’s work, paving the way for Boeing to purchase the rest of the group. (Reuters)
U.S. regulators have yet to certify a passenger-to-freighter conversion program for Boeing 777 aircraft. (The Loadstar)
Uniqlo owner Fast Retailing plans to put digital tracking technology in its supplier factories to help prevent its stores from running out of hot items. (Nikkei Asia)
Amazon is replacing plastic air pillows with recycled paper for packaging in North America due to environmental concerns. (Associated Press)
The damaged Dali containership is due to be moved under escort to Norfolk, Va., in the coming days from the Port of Baltimore. (Baltimore Sun)
Daily rates for crude tankers are tumbling to loss-making levels on dimming demand. (TradeWinds)
Norway is providing $114 million to help companies including Hoegh Autoliners acquire clean-energy ships. (Maritime Executive)
Port terminal operator DP World opened a 600,000-square-foot warehouse in Coventry, U.K. (FruitNet)
BNSF Railway plans to develop a logistics park alongside a large intermodal facility outside Phoenix. (Progressive Railroading)
Retailers Bob’s Stores and Eastern Mountain Sports jointly filed for bankruptcy protection. (Retail Dive)
Activewear firm Delta Apparel is halting some manufacturing operations as it copes with liquidity challenges. (Dow Jones Newswires)
Forever 21 is looking for rent concessions from its landlords as the retailer struggles with falling sales at its 380 stores. (CNBC)
Sidney Brown, the CEO of trucking company NFI, was among people indicted in an investigation of alleged political corruption in New Jersey. (CBS)
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