YRC Worldwide Inc. said it will receive a $700 million loan from the U.S. under the Cares Act in exchange for a nearly 30% stake in the trucking company. (WSJ)
Canada’s economic output fell 11.6% in April. (WSJ)
Airbus will cut 15,000 jobs across its commercial aircraft business, including its main manufacturing sites in France and Germany. (WSJ)
The European Union will bar Americans from entering for nonessential travel as the bloc begins to open up. (WSJ)
Frac-sand supplier Covia Holdings filed for bankruptcy as part of a plan to cut more than $1 billion in debt and shed its railcar leases. (WSJ)
Mexican airline company Grupo Aeroméxico filed for chapter 11 bankruptcy to confront the crisis brought on by the coronavirus pandemic. (WSJ)
A decline in hog prices is accelerating after a government report confirmed U.S. swine production has bounced back. (WSJ)
A coalition of consumer-packaged goods companies will study contactless handling through their supply chains, starting with electronic bills of lading. (Supply Chain Dive)
The head of the British government’s expert customs panel describes Brexit preparation at U.K. ports as “shambolic and amateurish.” (Lloyd’s List)
The Port of Oakland is cutting its 2021 budget by 16% because of falling maritime and aviation business. (DC Velocity)
CMA CGM will impose congestion surcharges at South Africa’s Cape Town port due to coronavirus disruptions. (Reuters)
Belgium is investigating a coronavirus outbreak aboard a product tanker that entered the Port of Antwerp. (Maritime Executive)
A Maersk Line container ship held off the coast of Virginia after crew members tested positive for coronavirus was cleaned and continued its journey with a new crew. (Virginian-Pilot)
South Korea’s STX Offshore & Shipbuilding is cutting its workforce after reporting no ship orders in the first half of the year. (Splash 247)
Amazon plans to place a 2.1 million-square-foot, highly-automated distribution center in Sydney, Australia. (Sydney Morning Herald)
Amazon is building a fourth distribution center in the Nashville, Tenn., area. (WSMV)
Bankrupt transport group Comcar Industries sold its flatbed trucking subsidiary to Canada’s TFI International. (Journal of Commerce)
Tesla used one of its own Semi trucks to haul a load of its electric cars. (Transport Dive)
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