The U.S. unemployment rate surged to a record 14.7% as employment fell sharply in all broad business sectors last month. (WSJ)
Canada lost a record 1.99 million jobs last month. (WSJ)
American gas consumption has rebounded by about a third from a low four weeks earlier. (WSJ)
U.S. and China trade negotiators spoke by phone over the phase one trade deal even as President Trump cast doubts on the agreement’s future. (WSJ)
The U.S. Postal Service loss last quarter fell slightly to $792 million excluding uncontrollable expenses. (WSJ)
Tesla is suing to reopen its U.S. factory amid threats from Chief Executive Elon Musk to move the car maker’s assembly operations. (WSJ)
Factory furloughs across the U.S. are becoming permanent closings, a sign of the heavy damage the coronavirus pandemic. (WSJ)
Discount retailer Stage Stores files for bankruptcy and seeks a buyer as it sells off inventory. (WSJ)
Colombian airline Avianca Holdings filed for bankruptcy protection in the U.S. (WSJ)
Emirates Airline’s profit fell 25% in the year ending in March and cargo revenue fell 13% to $3.1 billion on a 10% drop in tonnage. (WSJ)
Huawei Technologies’ in-house chip design company became the first Chinese company in the top 10 of global semiconductor sales. (WSJ)
Online car seller Vroom files confidentially for IPO, and looks to go public in June. (WSJ)
German sportswear maker Puma expects to see sales in China "back to normal" by next month after improved results in April. (Women’s Wear Daily)
Independent farmers are banding together to build distribution networks providing produce for consumers. (NPR)
Food-services company Sysco named veteran logistics executive Marie Robinson as chief supply chain officer. (Food Business News)
Shippers are turning to China-backed Belt and Road rail services between Europe and Asia because of disruptions in air and sea operations. (Nikkei Asian Review)
The Panama Canal Authority is considering direct relationships with cargo owners to keep up with rapidly changing trade markets. (Lloyd’s List)
Exports through Bangladesh’s Chittagong port fell 87% last month. (The Loadstar)
Freight railroad CSX is shutting its McKees Rocks intermodal operation near Pittsburgh. (Progressive Railroading)
President Trump says he agrees with independent truckers who believe they are being “price gouged.”
(CDL Life)
Cocaine traffickers are facing new hurdles amid disruptions in global transportation operations. (Financial Times)
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