The government’s bankruptcy watchdog wants an outside trustee to take over operations of freight-payment company IPS Worldwide LLC. (WSJ)
U.S. sales of previously-owned homes posted their largest monthly gain since 2015 in February. (WSJ)
Mexican consumer prices rose moderately in the first half of March. (WSJ)
President Trump withdrew sanctions the Treasury Department had added to two North Korean shipping companies. (WSJ)
General Motors Co. will invest $300 million to build a new electric car at an existing Michigan plant. (WSJ)
Fiat Chrysler Automobiles NV rebuffed a pitch from Peugeot maker PSA Group to combine the car makers into a single $45 billion business. (WSJ)
Tiffany & Co. sales fell more than expected last quarter on changing consumer buying patterns in China. (WSJ)
A shuttered Wisconsin paper mill reopened to meet growing demand for cardboard for e-commerce packaging. (New York Times)
A cyclone has shut iron ore export operations at Australia’s Port Hedland and two other ports for several days. (Australia Broadcasting Corp.)
Japanese metal manufacturers are stepping up U.S. production to capitalize on higher prices driven by tariffs. (Nikkei Asian Review)
Teen apparel retailers are focusing on supply chains and sourcing in their efforts to win younger shoppers. (Sourcing Journal)
Ethiopia is renegotiating billions of dollars in Beijing loans for a railway that links the country to Djibouti’s port. (South China Morning Post)
Indian logistics company Delhivery added $400 million in a new funding round led by the Softbank Vision Fund. (Times of India)
Poland is defying U.S. sanctions by placing six Iran-owned tankers on its shipping registry. (Lloyd’s List)
Los Angeles harbor commissioners delayed a decision on a plan union dock workers strongly oppose to automate an APM Terminals facility. (Los Angeles Times)
A European Commission panel is considering modifying the antitrust exemption held by shipping lines. (Journal of Commerce)
Maersk Line will test biofuel on one of its triple-E mega container ships. (Shipping Watch)
Shipping line Hapag-Lloyd issued an upbeat 2019 outlook after reporting a 7.8% gain in operating profit for last year. (The Loadstar)
U.S. energy company Anadarko is seeking to charter up to 16 liquefied natural gas carriers for a project in Mozambique. (Splash 247)
A fire at a chemical tank farm outside Houston forced the closure of part of the port’s shipping channel. (Arkansas Democrat-Gazette)
Alabama is using revenue from its first fuel tax increase since 1992 to deepen its shipping channel for bigger cargo vessels. (Birmingham News)
Montreal is expanding container handling capacity at its Viau Terminal by 40%. (Port Technology)
A government watchdog says the FBI allowed people on a federal terrorist watch list to gain Transportation Worker Identification Credential cards. (Maritime Executive)
Germany’s Rhenus Group bought South African freight forwarder World Net Logistics, its third acquisition this year. (Air Cargo News)
U.K.-based Carousel Logistics extended European coverage with the acquisition of time-critical specialist BDA Logistics Innovation. (Post & Parcel)
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