Hiring in the U.S. unexpectedly slowed in April, and employment in the courier sector contracted by 77,499 jobs. (WSJ)
Copper prices climbed to break decade-old records on growing bets on an industrial rebound. (WSJ)
China’s exports jumped 32.3% in April from last year’s pandemic-hit level while imports soared 43.1%. (WSJ)
A cyberattack forced the shutdown of the main pipeline carrying gasoline and diesel fuel to the U.S. East Coast. (WSJ)
Singapore-based delivery and ride-hailing app Grab Holdings is going public through a merger with a blank-check company. (WSJ)
Honda suspended auto production in India due to the surging Covid-19 outbreak. (Nikkei Asia)
Amazon is exercising warrants to buy more shares in Air Transport Services Group, making it the cargo airline’s largest shareholder. (The Loadstar)
A shareholder advisory group is criticizing XPO Logistics for paying executive bonuses after taking pandemic relief funds in the U.K. (The Guardian)
U.S. securities regulators subpoenaed electric-truck startup Nikola over its plans to raise more capital from investors. (Financial Times)
Canadian authorities ordered rail equipment maker National Steel Car to remain closed following a Covid-19 outbreak among workers. (CBC)
Rates for the largest dry-bulk ships are retreating from record highs on fears that China may take a tougher stance on Australian commodity imports. (Lloyd’s List)
Three companies were named the finalists in bidding for the Shipping Corporation of India. (Splash 247)
South Korea’s HMM is finalizing the purchase of 12 mid-sized container ships in a deal worth $1.4 billion. (TradeWinds)
Orders for new ships at Chinese shipyards by tonnage more than tripled in the first quarter from the year before. (Seatrade Maritime)
APM Terminals is taking part in studies for a potential new container terminal in Louisiana to handle megaships. (Journal of Commerce)
Denmark-based Celsius Shipping is offloading all 18 of its dry-bulk vessels. (ShippingWatch)
Japan Airlines quadrupled its operating loss in the quarter ending March 31 to $953.9 million. (Reuters)
First-quarter revenue at the cargo arm of British Airways owner IAG rose 50% to $426 million. (Air Cargo News)
Developer WPT Industrial Real Estate is building a 500,000-square-foot warehouse near Minneapolis on a speculative basis. (Minneapolis Star-Tribune)
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