China’s economic growth held to a 6.4% growth rate in the first quarter as factory production picked up significantly. (WSJ)
U.S. industrial production slipped 0.1% in March and manufacturing output fell 1.1%. (WSJ)
A gauge of U.S. home-builder confidence rose for the third time in four months. (WSJ)
Apple Inc. and Qualcomm Inc. agreed to dismiss all litigation between the companies world-wide, ending a legal battle over royalties for technology suppliers. (WSJ)
Intel Corp. dropped plans to make modem chips for 5G smartphones. (WSJ)
First-quarter profit at United Continental Holdings Inc. doubled as cargo revenue slipped 2.4%. (WSJ)
Johnson & Johnson’s first-quarter sales and earnings rose on higher prescription-drug sales. (WSJ)
Italy’s competition authority is investigating whether Amazon.com Inc. has abused its e-commerce and logistics dominance. (CNBC)
Third-party logistics providers are adjusting services for the growth of direct-to-consumer apparel sales. (Sourcing Journal)
German logistics technology company Dematic is moving its global headquarters to Atlanta. (Atlanta Journal-Constitution)
Rio Tinto PLC iron ore shipments from Australia’s Pilbara region fell 14% in the first quarter. (Lloyd’s List)
U.S. regulators approved a Digital Container Shipping Association formed by shipping lines to establish maritime technology standards. (The Loadstar)
Local officials postponed for another month a vote on plans to automate a Port of Los Angeles container terminal. (American Shipper)
Associated British Ports wants to expand its Grimsby, England, vehicle terminal to handle the largest car carriers. (Automotive Logistics)
Alaska lawmakers want to connect the state’s freight rail lines to Canadian rail networks. (KTVA)
London-based Zencargo raised $20 million in a Series A funding round to expand its machine-learning freight-booking technology. (TechCrunch)
Germany’s Rhenus Group bought Miami-based Freight Logistics Group, its second acquisition in as many months. (DC Velocity)
A container on a truck outside the Port of Los Angeles exploded, causing no injuries in what police called an industrial accident. (Long Beach Post)
|