After record-breaking cargo volume in 2021 and the first half of 2022, the port of Los Angeles reported that the import surge at the port slowed in August, due to early arrival of holiday goods, and economic concerns.

U.S. factory production rose slightly in August as resilient business investment more than offset a pullback in the output of consumer goods, consistent with steady manufacturing activity.

The agreement now heads to union members for a ratification vote, which is a standard procedure in labor talks. While the vote is tallied, workers have agreed not to strike.

Amazon will spend $450 million to raise wages and benefits for members of its Delivery Service Partners network, a program of small businesses that drive fleets of Amazon-branded delivery vans.

A strike — the first since 1992 — could cost the U.S. economy $2bn a day, according to a recently issued Association of American Railroads report, and workers say they will quit an industry already facing staff shortages.

President Joe Biden signed an executive order laying out a strategy to bolster domestic bio-manufacturing and reduce reliance on China for new medicines, chemicals and other products.

In August Bain was barred from tendering for U.K. government contracts for three years over its “grave professional misconduct” in state corruption in South Africa.

Swedish home-appliance manufacturer Electrolux is undertaking steep cost cuts that will target its supply chain and production following a warning of a sharp drop in demand.

The White House urged labor unions and freight-rail operators to come to an agreement in contract talks, with mounting concern that a strike as soon as Sept. 16 could damage the U.S. economy and Democrats’ midterm election prospects.

A heat wave in the Western U.S. is coursing through farming supply chains and into supermarkets, leaving distributors searching for leafy greens and fruits from sources ranging from Canada to Florida.