U.S. job openings rose to a record 8.1 million at the end of March. (WSJ)
The European Union’s second highest court sided with Amazon in a dispute over a $300 million tax bill against the e-commerce giant. (WSJ)
China’s producer prices surged 6.8% last month in the sharpest gain since 2017. (WSJ)
China’s car sales rose 12.4% in April from last year’s pandemic-hit level and sales of electric cars nearly tripled. (Dow Jones Newswires)
OPEC slashed its outlook for oil production by non-member countries this year on faltering U.S. output. (WSJ)
XPO Logistics shareholders rejected an executive compensation package in a non-binding vote. (Dow Jones Newswires)
L Brands is spinning off Victoria’s Secret and will have the lingerie chain operate separately from its Bath & Body Works business. (WSJ)
Cathay Pacific sold a $650 million bond in its first dollar bond issuance in more than two decades. (WSJ)
Daimler plans to accelerate its pivot to electric cars. (Financial Times)
Chinese semiconductor maker Yangtze Memory Technologies denies it is working to replace its U.S. suppliers. (South China Morning Post)
Under Armour is tightening inventories, saying it wants to guard against spreading itself too thin by chasing demand. (Supply Chain Dive)
Kroger has developed a program to help diverse businesses connect with the grocer and develop stronger relationships. (Progressive Grocer)
The Suez Canal Authority plans to expand the stretch of waterway where the Ever Given container was grounded in March. (Reuters)
Cargill Transportation says in its new sustainability report that it missed its shipping climate-change and diversity targets last year. (Lloyd’s List)
A.P. Moller-Maersk CEO Soren Skou expects the shipping giant to deliver annual average returns of more than 12% for the next five years. (TradeWinds)
Bimco says demolitions of product tankers are on track to reach an 11-year high this year. (Splash 247)
Hutchison Ports is acquiring APM Terminals’ container terminal at the Port of Rotterdam. (Container Management)
Europe’s competition regulators are investigating the DFDS acquisition of HSF Logistics. (ShippingWatch)
European digital freight forwarder Sennder acquired Dutch forwarder Cars&Cargo. (The Loadstar)
U.K. reverse logistics specialist Reconomy acquired returns technology platform Rebound. (Logistics Manager)
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