The Organization for Economic Cooperation and Development says trade disputes are weakening future growth. (WSJ)
Ford Motor Co. is cutting 7,000 salaried employees to save about $600 million in annual costs. (WSJ)
American Airlines Group Inc. is suing two unions representing its mechanics in an effort to end an alleged work slowdown. (WSJ)
Apple Inc., Dell Technologies Inc. and two other U.S. technology companies will give up their preferred shares in Japanese chip maker Toshiba Memory Holdings Corp. (WSJ)
The Ascena Retail Group Inc.’s Dressbarn unit plans to close its roughly 650 stores. (WSJ)
Proposed Trump administration tariff increases would include port equipment and containers that were exempt from earlier levies. (Journal of Commerce)
New rules on how companies account for long-term leases could leave container shipping lines that charter vessels carrying more debt. (Lloyd’s List)
Singapore regulators classified vessel exhaust residues generated by emissions-cleaning devices as toxic industrial waste. (S&P Global Platts)
Fitch Ratings says U.S. port revenues are unlikely to be affected in the “medium term” if higher tariffs cut into shipping volumes. (American Shipper)
U.K. port managers Peel Ports acquired freight forwarder Quality Freight. (The Loadstar)
Chinese express carrier SF Airlines plans to start freighter flights between Hangzhou and New York in September. (Cargo Facts)
Cargo volume at Hong Kong International Airport fell 6.1% in the first four months of the year. (Air Cargo News)
Union Pacific Corp. says positive train control technology is operating across 80% of its track. (Progressive Railroading)
Dubai’s Jebel Ali Free Zone is refunding $354 million in fines and bank guarantees under the United Arab Emirates “Year of Tolerance” program. (Port Technology)
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