The pace of new unemployment claims in the U.S. fell back slightly, with 2.4 million new filings in the past week. (WSJ)
Sales of previously owned homes in the U.S. dropped 17.8% in April. (WSJ)
U.S. forecasters predict an above-average hurricane season, potentially complicating logistics and shipping operations already in upheaval from the coronavirus pandemic. (WSJ)
The Trump administration is moving to withdraw from an Open Skies aviation treaty with Russia. (WSJ)
Around 400 European business executives plan to return to China next week, in a key milestone in normalizing business activity. (WSJ)
Electronics retailer Best Buy’s quarterly sales fell 6.3% even though online sales doubled. (WSJ)
Drugmaker Akorn has filed for bankruptcy protection after failing to sell the business. (WSJ)
Trade tensions are likely to dampen Australia’s coal exports to China. (S&P Global Platts)
Temperature-controlled specialist Lineage Logistics acquired assets of restaurant supplier Maines Paper & Food Service. (Crain’s Detroit Business)
China is imposing new air cargo restrictions that freight forwarders say are fueling congestion and leaving freighters to depart without shipments. (The Loadstar)
Greece’s Port of Piraeus says container throughput rose 15.1% last year and revenues rose 12.3% to $164 million. (Port Technology)
Large U.S. truckload carriers are cutting capacity for the first time in several years. (Journal of Commerce)
The Intermodal Association of North America says intermodal volumes fell 15% in April, including a 30.5% drop in trailer volumes. (Logistics Management)
Canada Post lost $110 million last year as growing e-commerce parcel deliveries hurt margins. (CBC)
Transportation technology firm Samsara laid off 300 workers as the company raised $400 million in new capital. (San Francisco Business Times)
Gartner rated telecommunications equipment supplier Cisco Systems with the top supply chain in its annual rankings. (DC Velocity)
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