Canadian National Railway is offering to sell a stretch of a Louisiana rail network to defuse antitrust concerns in its planned acquisition of Kansas City Southern. (WSJ)
Nearly 70,000 truck drivers have been added to a national database for positive drug and alcohol tests since the Transportation Department launched it last year. (WSJ)
China is trying to cool red-hot markets for key industrial commodities such as iron ore. (WSJ)
Australia is reviewing a Chinese deal to manage a port near a military site which provides the country’s closest route to disputed South China Sea waters. (WSJ)
Ford expects 40% of its global car sales to be fully electric by 2030. (WSJ)
Amazon agreed to buy Hollywood’s MGM studio for $8.45 billion. (WSJ)
Singapore boosted its trade forecast for the year after non-oil exports jumped 9.7% in the first quarter. (Straits Times)
Nissan is in advanced talks to build a vehicle-battery gigafactory in the U.K. (Nikkei Asia)
Some eastern Pennsylvania residents believe the rapid addition of warehouses is undermining the region’s character and farming culture. (New York Times)
Medical supply chain company McKesson is opening a distribution center outside Lansing, Mich. (Lansing State Journal)
Chinese e-commerce upstart Pinduoduo lost $454 million in the first quarter even though sales more than tripled to $3.47 billion. (Financial Times)
New orders at shipyards for tankers have grown nearly 50% from a year ago despite rising prices for steel plates. (Lloyd’s List)
Rising steel costs are likely to trigger higher prices for new vessels at shipyards. (Splash 247)
Southeast Asia shippers are starting to tap into burgeoning China-Europe freight rail service. (The Loadstar)
Container exports from major Chinese ports increased 24.2% in early May. (Seatrade Maritime)
Some U.S. airfreight importers are sending flights to secondary gateways because of mounting congestion at the main hubs. (Journal of Commerce)
Watco-owned Bogalusa Bayou Railroad acquired Louisiana short line Geaux Geaux Railroad. (Progressive Railroading)
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