A measure of business conditions in the New York metro area fell at a steep pace in May. (WSJ)
The International Monetary Fund says anxiety in Canada over U.S. trade and tax policy could have a profound impact on investment and growth in the country. (WSJ)
Walmart Inc. will sell a majority of its struggling Brazilian operations to private-equity firm Advent International. (WSJ)
French automaker Peugeot PSA is halting investments in Iran. (WSJ)
Sharp Corp. is buying Toshiba Corp.’s struggling personal computer business for about $36 million. (WSJ)
A federal judge blocked New Jersey from withdrawing from the crime-fighting Waterfront Commission of New York Harbor. (Newark Star-Ledger)
Hyundai Merchant Marine Ltd. is ordering 20 giant container ships from three South Korean yards. (Shipping Watch)
CMA CGM SA is working with tech startup Shone to bring artificial intelligence to its container ships. (MarineLink)
China’s Yangzijiang Shipbuilding struck orders for nine vessels worth a total of $578 million. (Seatrade Maritime)
Truckload carrier U.S. Xpress Inc. expects to raise more than $300 million from its public stock offering. (Chattanooga Times Free Press)
PPG Industries Inc. is placing a large distribution center in a fast-growing warehouse district outside Dallas. (Dallas Morning News)
Uber Freight says it is rolling out coverage across the continental U.S. a year after the brokerage operation’s launch. (San Francisco Chronicle)
Less-than-truckload carrier Dayton Freight Lines is launching a truckload division. (American Shipper)
British forwarder Xpediator made its third acquisition since a public stock offering last year. (Logistics Manager)
Vietnam is restricting waste imports after China’s bar against the trade diverted shipments to nearby Asian ports. (Lloyd’s Loading List)
|