The U.S. and China agreed on the broad outline of a deal to that would save imperiled Chinese telecom giant ZTE Corp. (WSJ)
China will cut its import tariff on autos to 15% starting July 1 and reduce its levy on auto parts to 6%. (WSJ)
Strong car demand from the U.S. helped push Japanese exports up 7.8% in April from a year ago. (WSJ)
European Union goods imports from the U.S. tumbled 5.2% in the first quarter as exports across the Atlantic rose 2.2%. (WSJ)
United Technologies is selling its Taylor Co. ice-cream manufacturing equipment business to Middleby Corp. (WSJ)
The U.S. slapped steep import duties on steel products from Vietnam that originated in China. (Reuters)
IKEA is opening its first stores in South America. (Santiago Times)
The Baltic Dry Index for commodities shipping fell for a fifth straight period. (MarineLink)
Fire from an overheated engine in a vehicle enveloped a car carrier at South Korea’s Port of Incheon, destroying hundreds of used autos headed for Libya. (Korea Herald)
Exports surpassed imports at South Carolina’s Port of Charleston for the first time in several years. (Post and Courier)
Oakland has spent more than $3.1 million in legal bills in its so-far failed attempt to stop coal shipments from passing through its port. (San Francisco Chronicle)
Amazon.com Inc.’s push to enlist trucking companies in its distribution network is having a growing impact on driver recruitment. (DC Velocity)
Werner Enterprises Inc. says it will appeal a jury’s $89.6 million verdict against the trucker in a 2014 fatal truck crash. (Omaha World-Herald)
Deutsche Post AG’s DHL Supply Chain acquired Colombian logistics company Suppla Group. (MarketWatch)
Australia’s WiseTech Global bought fellow logistics software provider Ulukom of Turkey. (American Shipper)
Clarkson Research projects global seaborne trade will surpass 12 billion metric tons this year. (Splash 247)
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