China’s Cosco Shipping expects first-quarter net profit to reach $2.3 billion, in a sign of how rising global trade flows are fueling strong shipping-sector earnings. (WSJ)
The International Monetary Fund raised its projections for global economic growth for this year to 6% this year and 4.4% next year. (WSJ)
Orders for U.S. manufactured goods fell 0.8% in February. (MarketWatch)
United Airlines will start enrolling students in the pilot training academy it agreed to buy shortly before the pandemic. (WSJ)
Saudi Arabia’s Aramco is in advanced talks to sell up to a 49% stake in its oil pipelines to a consortium of U.S., Chinese and local Saudi investors. (WSJ)
General Motors plans to roll out an electric version of its popular Chevy Silverado pickup truck. (WSJ)
Fashion retail owner The Collected Group filed for chapter 11 bankruptcy protection. (WSJ)
Renesas Electronics is shifting automotive semiconductor production to an alternative factory after a fire at another of its plants. (Nikkei Asia)
Sri Lanka banned imports of palm oil and told planters in the country to destroy their trees and replace them with other crops. (Bloomberg)
Gap is designing a fulfillment system to prioritize delivery based on customer loyalty. (Supply Chain Dive)
China’s coal imports are expected to shrink this year as prices for inbound shipments rise beyond the cost of domestic production. (Lloyd’s List)
Contract rates for container shipping from Asia to Europe soared 155% in the first quarter. (Journal of Commerce)
Union Pacific handled 404 trains hauling wind-power equipment last year, its most ever for that business. (Progressive Railroading)
XPO Logistics named Baris Oran chief financial officer of its supply-chain business ahead of a planned spinoff of the unit. (WSJ)
Shopoff Realty Investments is building a logistics center in Riverside County, Calif., with two warehouses totaling 1.8 million square feet. (Business Journals)
U.S. authorities seized a shipment of cocaine valued at more than $1 million on a breakbulk vessel anchored near Annapolis, Md. (Herald Mail)
|