Ford Motor is racing toward building a new truck it says will be nearly as fast as a Mustang, travel around 300 miles on a single charge and feature in-car tech to compete with Tesla and China. The WSJ’s Sharon Terlep writes that Ford is aiming for a 2027 launch and a price tag of around $30,000, the cost of a Toyota Camry.

Getting there means tearing up a century of manufacturing practices in a notoriously hidebound industry to secure a future beyond profitable gas-guzzling pickups and SUVs. The project had been kept quiet from its 2022 start, led by veterans from Tesla and Apple. Ford eventually brought in some of its own employees to help execute the vision.

To build these new EVs, the company must use fewer people and simpler parts, and dismantle decades of engineering inertia. CEO Jim Farley is calling it Ford’s new “Model T moment.” Whether Ford’s bet big will work may come down to how well Detroit and Silicon Valley can work together.

• The auto industry faces an aluminum shortage and sharply higher costs due to the Iran war, a 50% U.S. tariff, and a major supplier outage. (WSJ)

Shares of United Parcel Service, FedEx, GXO and other logistics companies fell after Amazon said it was opening its globe-spanning supply-chain network to businesses of all types, not just sellers on its marketplace. As the WSJ Logistics Report’s Liz Young first reported, the e-commerce giant is tying together all of its supply-chain services–to date mostly offered piecemeal–to create a comprehensive third-party logistics provider, or 3PL.

Iran hit a critical oil port in the United Arab Emirates and several vessels around the strategic waterway. The flare-up came hours after President Trump announced a new initiative to get ships that have been bottled up in the Persian Gulf out through the crucial waterway.

U.S. Central Command said it had used underwater drones to clear a path for commercial ships to exit the strait in recent weeks. To encourage ships to use the path, the U.S. kicked off its freedom of navigation effort, known as Project Freedom, by moving U.S.-flagged ships through the waterway first.

Shipowners said they were unwilling to risk a crossing given the threat of attack from Iran and a lack of clarity about how the new American operation would work.

• Oil futures ended Monday higher, with the global benchmark, Brent crude, rising 5.8% to end at $114.44 a barrel, the highest close for the most-traded futures contract since June 2022. (WSJ)
• A.P. Moller-Maersk said its ship the Alliance Fairfax was among U.S.-flagged vessels that transited the strait with U.S. military assistance. (Bloomberg)

• Gauges of Asian factory activity show more evidence of supply-chain disruptions from the Iran war, with stockpiling buoying production as cost pressures intensify. (WSJ)
• The European Union’s top trade negotiator is expected to meet his U.S. counterpart in Paris on Tuesday. (WSJ)
• Diana Shipping launched an unsolicited tender offer to acquire outstanding shares of rival drybulk shipping company Genco Shipping & Trading. (Dow Jones Newswires)
• CSX is pushing back against the proposed merger between Union Pacific and Norfolk Southern, launching a website for feedback from stakeholders as regulators review the deal. (Dow Jones Newswires)
• Soaring cattle prices led to a $240 million quarterly loss in Tyson Foods’ beef division, though the company’s profit rose on strong demand for chicken. (WSJ)
• Hubbell agreed to acquire NSI Industries, a provider of electrical fittings and other components, for $3 billion. (WSJ)
• Adnoc will accelerate a plan to boost the United Arab Emirates’ domestic manufacturing capabilities with $55 billion of spending through 2028. (WSJ)
• Three people died and three others were sickened on a cruise ship from suspected hantavirus, the World Health Organization said. (WSJ)

Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.