Panasonic is taking a 20% stake in Blue Yonder at a $5.5 billion enterprise value for the supply-chain software provider. (WSJ)
Business activity in Europe and Japan continued to decline in May, the figures suggest that economic recovery will be slow. (WSJ)
Eurozone consumers grew a little less pessimistic about their prospects during May. (WSJ)
Brazil’s deadly coronavirus outbreak is sending iron-ore prices higher as it disrupts shipments to China. (WSJ)
Rolls-Royce will cut 9,000 jobs from its global workforce, mostly in its civil aerospace business. (WSJ)
Lowe's Companies first-quarter profit jumped nearly 28% on a 10% increase in sales. (WSJ)
Panasonic will move production of large appliances from Thailand to Vietnam. (Nikkei Asian Review)
Freight tracking technology provider FourKites says it is seeing an upturn in outbound truck movements in the U.S. (Transport Dive)
Alabama-based PS Logistics bought assets of the flatbed subsidiary of bankrupt trucker Comcar Industries. (Birmingham News)
Some container line alliance groups are restoring some Asia-Europe and trans-Pacific sailings that had recently been canceled. (Splash 247)
Some shippers report their cargo is being pulled from Asia container ships as demand starts to outpace capacity. (Journal of Commerce)
Taiwanese container lines Evergreen and Yang Ming are in talks with the government over state aid. (Lloyd’s List)
Tanker operator Frontline’s first-quarter profit quadrupled to $165.3 million on persistently strong freight rates. (TradeWinds)
U.K. supply-chain services specialist Walker Logistics saw e-commerce orders grow 400% in April. (Motor Transport)
Columbia Sportswear warehouse workers say the company mounted an anti-unionization campaign ahead of the coronavirus pandemic. (The Intercept)
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