The U.S. economy expanded at a 6.4% annual rate in the first quarter on robust consumer spending that came as retail trade inventories contracted. (WSJ)
Initial jobless claims in the U.S. fell again to the lowest level since the pandemic began. (WSJ)
China’s manufacturing activity fell more sharply than expected in April, hit in part by semiconductor shortages. (WSJ)
U.S. air-safety regulators launched an audit into how a Boeing factory tweak led to a safety problem with the 737 MAX. (WSJ)
Airbus is accelerating production after the jet maker swung to a $438 million first-quarter profit. (WSJ)
Samsung Electronics’ first-quarter net profit rose 46% on strong demand for electronics and appliances. (WSJ)
Several auto makers suspended production in India to shift oxygen from industrial operations to medical use. (Nikkei Asia)
India’s deepening Covid crisis is raising challenges for shipping crew changes as ports bar seafarers on vessels that have called at India. (Lloyd’s List)
The Baltic Dry Index for commodities shipping costs rose past 3,000 points for the first time in more than a decade. (TradeWinds)
Seaborne coal imports in Asia contracted 6.5% in the first quarter. (MarineLink)
Canadian lawmakers approved a measure aimed at ending the strike by Port of Montreal dockworkers. (CBC)
Commodity trader Trafigura closed a $203.5 million private placement tied to sustainability. (BunkerSpot)
Truckload carrier Schneider National raised its outlook after first-quarter profit jumped 25% to $54.8 million on a 10% gain in revenue. (Dow Jones Newswires)
China’s food delivery apps are under fire for worker treatment after a television program showed an undercover government official posing as a Meituan delivery rider. (Financial Times)
U.K. parcel carrier Yodel’s first-quarter volumes rose 59% from a year ago. (Motor Transport)
President Biden nominated former Federal Railroad Administration official Karen Hedlund to the Surface Transportation Board. (Trains)
The Intermodal Association of North America says international container volumes on U.S. railroads rose 14.8% in the first quarter. (Logistics Management)
Amazon is building a large distribution center in Bristol, Va. (Kingston Times News)
Alphabet’s Wing division is testing the use of drones to deliver Girl Scouts cookies. (Associated Press)
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