A Federal Reserve survey says the U.S. economy grew faster in the early spring but companies faced shortages that are hindering production. (MarketWatch)
The International Energy Agency and OPEC both raised their outlooks for global oil demand. (WSJ)
American Airlines is preparing to expand its summer flights to a near-normal schedule. (WSJ)
Adjusted sales at luxury brands owner LVMH rose 30% in the first quarter and exceeded pre-pandemic levels. (WSJ)
Medical equipment supplier Thermo Fisher Scientific is nearing a deal to buy pharmaceutical-testing company PPD. (WSJ)
Automakers are facing shortages of rubber supplies because of shipping disruptions. (Bloomberg)
New Zealand is phasing out the export of livestock by ocean transport. (The Guardian)
Earnings for the largest capesize dry-bulk ships are surging on high demand for commodities. (Lloyd’s List)
Walmart’s third-party marketplace has reached 70,000 merchants with rapid growth that some merchants say is straining its systems. (Reuters)
Berlin Brands, a German startup that buys businesses selling items on online marketplaces, raised $240 million in a new funding round. (TechCrunch)
Nikola will work with units of CNH Industrial to establish a transportation network for hydrogen. (MarketWatch)
Indian e-commerce Flipkart is opening a 534,000-square-foot fulfillment center in Mumbai with Adani Logistics. (Times of India)
The U.S. Senate confirmed former New York City transport commissioner Polly Trottenberg as deputy secretary of Transportation. (Washington Post)
President Biden is nominating acting Federal Motor Carrier Safety Administrator Meera Joshi to head the agency on a permanent basis. (Heavy Duty Trucking)
KLM is using custom-made cargo bags fitted for seats of 777 passenger jets for freight-only flights. (Air Cargo News)
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