Soaring carbon emissions this year are on track to reverse a big chunk of last year’s sharp reduction at the start of the pandemic. (WSJ)
The Biden administration resumed implementation of a suspended Trump-era executive order to shore up supply chain security in the power grid. (WSJ)
The Baltic Dry Index rose to a 19-month high on growing demand in Asia for iron ore, aluminum and other commodities. (Dow Jones Newswires)
The U.K. included international aviation and shipping under a plan to cut carbon emissions by 78% by 2035. (BBC)
The U.S. will press maritime regulators to commit to zero greenhouse gas emissions from international shipping by 2050. (Lloyd’s List)
Britain dropped a special permit required for truckers that was imposed to regulate freight traffic to Europe following Brexit. (Associated Press)
United Airlines lost $1.36 billion in the first quarter but cargo revenue soared 88.3% to $497 million on a 10.1% gain in traffic. (MarketWatch)
LVMH, Prada and Richemont are jointly developing a global blockchain for consumers to better trace and authenticate luxury goods. (Dow Jones Newswires)
Finland’s Stora Enso is closing two paper mills as it shifts operations to cardboard packaging and other products. (Financial Times)
Foxconn Technology Group is in talks to acquire a semiconductor plant in Taiwan. (Dow Jones Newswires)
Japan Post will sell Toll Holdings’ logistics operations in Australia and New Zealand to Allegro Funds and absorb a $645 million loss in the deal. (Nikkei Asia)
First-quarter net profit at CSX fell 8% to $706 million as declining commodity volumes offset an 11% gain in intermodal revenue. (MarketWatch)
Rail shippers say an import surge has triggered a “complete mess” in intermodal operations in Kansas City. (Journal of Commerce)
BNSF Railway is shifting some operations to ease congestion in its intermodal network. (Trains)
Mediterranean Shipping Co. has bought 40 container ships on secondhand markets in the past six months. (TradeWinds)
A record 100-plus dry-bulk ships were sold in March amid a rebound in the sector. (ShippingWatch)
Discount retailer Dollar General is hiring up to 20,000 more workers, including drivers for its growing private truck fleet. (Transport Dive)
Amazon is opening a hair salon in London. (MarketWatch)
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