U.S. industrial production fell 11.2% in April, in the steepest one-month fall on record. (WSJ)
Clothing-store sales plunged 78.8% in April in a sharply contracting retail market. (WSJ)
The Federal Reserve is preparing to lend directly to middle-market businesses, and it could turn out to be tricky. (WSJ)
Japan’s economy fell into a recession in the first quarter, shrinking at an annualized 3.4% in the period. (WSJ)
Germany fell into recession in the first quarter, shrinking at 8.6% rate. (WSJ)
Canadian housing sales plunged at a record rate in April. (WSJ)
Amazon plans to begin reopening its warehouses in France this week, after resolving a dispute over working conditions with labor unions. (WSJ)
J.C. Penney is racing to settle with creditors as the retailer tries to restructure under bankruptcy protection. (WSJ)
Another round of Brexit talks ended in a stalemate. (WSJ)
A Mercedes-Benz SUV plant in Alabama will stop production this week because of snags in its international supply chain. (WSJ)
Air Canada is cutting its payrolls by up to 60%, or roughly 20,000 workers. (WSJ)
Offshore oil driller Fieldwood Energy is preparing to file for bankruptcy protection for the second time in two years, (WSJ)
Texas shale driller Gavilan Resources filed for bankruptcy protection. (WSJ)
Thousands of companies are simplifying their supply chains and holding more safety stock in a move away from “just-in-time” efficiency.” (South China Morning Post)
Crashing cashmere demand has prices falling and stockpiles for debt-ridden herders growing. (Nikkei Asian Review)
Grocery chain owner Ahold Delhaize USA will work with Americold to build two fully-automated cold storage warehouses in the U.S. (Progressive Grocer)
A worker in Bethpage, N.Y., became the sixth confirmed Amazon warehouse staffer to die from coronavirus. (CNBC)
Authorities have identified a FedEx Ground facility in Olathe, Kans., as having cluster of coronavirus cases. (Kansas City Star)
Hapag-Lloyd is continuing to cut container shipping operating costs after net profit fell nearly 75% in the first quarter. (Lloyd’s List)
Container volumes for South Korea’s HMM fell nearly 20% in the first quarter. (ShippingWatch)
Maersk Line says its digital transactions with customers have grown 90% under the coronavirus pandemic. (Indian Transport & Logistics)
DHL Supply Chain set up a “pop-up” fulfillment center with British health food chain Holland & Barrett to meet surging e-commerce demand. (Motor Transport)
U.S. regulators approved Canadian Pacific's acquisition of the Central Maine & Quebec Railway shortline. (Progressive Railroading)
Railcar manufacturer Trinity Industries is laying off 138 workers at its Cartersville, Ga., plant. (Daily-Tribune)
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