New filings for jobless benefits in the U.S. declined to a new pandemic low last week. (WSJ)
The median price for existing home sales in the U.S. jumped 17.2% last month, the biggest increase in records going back to 1999. (WSJ)
Panasonic is acquiring supply-chain software company Blue Yonder in a deal worth $7.1 billion. (Reuters)
First-quarter net profit at less-than-truckload carrier Old Dominion Freight Line soared 49.7% to $199 million as revenue jumped 14.1%. (Dow Jones Newswires)
Intel’s first-quarter sales slipped 1% despite strong demand for chips broadly. (WSJ)
Jaguar Land Rover is suspending production at two U.K. factories because of the automotive chip shortage. (BBC)
The World Bank expects a shortfall in global vegetable oil supplies will boost prices for goods like palm oil. (S&P Global Platts)
Retailer Bed Bath & Beyond is trying to cut its current inventory replenishment rate in stores from the current 35 days to less than 10 days. (Supply Chain Dive)
Bangladesh’s garment factories were exempted from a national coronavirus lockdown. (Sourcing Journal)
Union Pacific’s first-quarter net profit fell 8.8% to $1.34 billion as declining bulk and industrial volumes offset double-digit gains in grain and intermodal hauls. (Dow Jones Newswires)
Canadian Pacific’s first-quarter net profit rose nearly 50% to the equivalent of $481.7 million despite declining revenue. (Progressive Railroading)
Container throughput at DP World’s terminals world-wide rose 10.2% in the first quarter from a year ago. (Lloyd’s List)
A seafarer forced to remain on an abandoned cargo ship in the Red Sea for four years was finally allowed to leave the vessel. (BBC)
Low-cost Indian passenger airline IndiGo is buying four converted A321 freighters. (Air Cargo News)
South African logistics provider Imperial Logistics is selling its South American shipping business. (The Loadstar)
A measure of confidence in the equipment finance market rose to its highest level ever this month. (Modern Materials Handling)
A small business has started operating a sail-powered schooner to carry cargo on the Hudson River. (Albany Times-Union)
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