Construction of new homes in the U.S. slowed 9.5% in April as builders contended with supply-chain constraints. (MarketWatch)
Embattled Chinese property tycoon Xu Jiayin’s ambitious Evergrande Auto electric-vehicle business has reached a market value of $87 billion. (WSJ)
Brazilian authorities are investigating the country’s environment minister over allegations of illegal lumber exports. (WSJ)
Passenger airline Sun Country is taking advantage of low pandemic-hit values of used aircraft to expand its fleet. (WSJ)
Retail supply-chain experts say recent sales growth suggest a “blockbuster” holiday season is looming. (Supply Chain Management Review)
Tight lumber supplies are making wood pallets used in freight operations more expensive and harder to find. (Produce Blue Book)
The OECD and the Dutch government are seeking “significantly stringent carbon pricing” for the shipping sector. (Lloyd’s List)
Net revenue at Chinese e-commerce company JD.com rose 39% to $31.6 billion. (Reuters)
The owner of Japanese apparel Uniqlo says its cotton is produced without alleged forced labor from the Xinjiang region of China. (Nikkei Asia)
Cargo seaports are set to receive an infusion of funds from U.S. coronavirus relief payments. (DC Velocity)
Zim Integrated Shipping is sharply expanding its container ship fleet after reporting a $590 million first-quarter profit. (Journal of Commerce)
Tanker operator Frontline is buying six new very large crude carriers for $566 million. (ShippingWatch)
Dry-bulk vessel owner Diana Shipping struck a $91 million loan agreement with ABN AMRO to back its sustainability plans. (Splash 247)
Transport technology platform FreightWaves raised $16 million to support an initiative to help shippers and carriers track their carbon emissions. (Chattanooga Times Free Press)
XPO Logistics named Citigroup automotive analyst Angus Tweedie senior vice president for strategy at its GXO Logistics spinoff. (The Loadstar)
Vista Equity Partners is combining its Omnitracs fleet management platform with its Solera and Dealersocket auto technology companies. (Dallas Morning News)
British online fashion retailer Boohoo will link its executive bonus plan to improvements in working conditions in its supply chain. (City A.M.)
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