U.S. consumer spending rose 0.5% in April following a strong increase in March. (WSJ)
An official gauge of Chinese factory activity slipped in May while a measure of raw materials prices surged to its highest level since November 2010. (WSJ)
A barometer of inflation in the U.S. rose to a 13-year high. (MarketWatch)
Egyptian officials accused the captain of the Ever Given of losing control of the container ship before it ran aground in the Suez Canal. (WSJ)
Strong financial results at HP and Dell signal likely robust demand for personal computers over the next year. (WSJ)
Chinese e-commerce group Meituan’s quarterly revenue rose 121% but the company’s loss swelled to $1.26 billion. (WSJ)
Online eyeglasses merchant Warby Parker is resuming its rollout of stores with the opening of 35 new physical outlets this year. (WSJ)
U.S. retailers are pulling forward orders to replenish inventories ahead of the fall peak shopping season. (Financial Times)
Operations at China’s Yantian port are severely slowed as a Covid-19 outbreak among workers prompts restrictions at the key cargo hub in Shenzhen, China. (South China Morning Post)
A Covid-19 outbreak has left factories in Vietnam's industrial northern provinces operating below capacity. (Reuters)
Some companies in India are reporting raw materials shortages as the wave of coronavirus cases reduces production. (Supply Chain Dive)
A global maritime regulatory panel set targets for carbon emissions reductions through 2027 but left future goals for later. (Lloyd’s List)
New orders for Chinese shipbuilders nearly tripled in the first four months of the year over the same period a year ago. (Marine Executive)
Asian regional carrier Wan Hai Lines is buying four large new container ships for $480 million. (TradeWinds)
The Oakland and Seattle-Tacoma ports are coping with mounting congestion as shipping lines reroute vessels from crowded Southern California facilities. (Journal of Commerce)
Britain’s P&O Ferries is seeking fresh capital as it struggles to remain afloat. (The Times)
A Maersk Line container ship ran aground in the Suez Canal but was refloated after several hours. (ShippingWatch)
Indian e-commerce group Delhivery raised $277 million at a valuation of $3 billion ahead of a planned initial public stock offering. (Business Today)
Retailer Best Buy plans to move some of its store employees over to delivery operations. (Modern Retail)
British retailer Marks & Spencer will close 30 stores over the next 10 years as losses mount and more sales flow through its online partner Ocado. (BBC)
Furniture merchant Malouf Home acquired a 1.2 million-square-foot distribution center in South Carolina. (Furniture Today)
A federal study shows congestion cost U.S. truckers more than $42 billion in 2019 and led to 660 million hours in delays. (Commercial Carrier Journal)
U.S. rail regulators are seeking detailed assessments from freight railroads on their service plans amid growing demand. (Progressive Railroading)
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