Honeywell said it continued to assess strategic alternatives for its warehouse and workflow business, as it announced the $1.4 billion sale of its productivity solutions and services unit to Brady Corp.

Charlotte, N.C.-based Honeywell said the all-cash sale would include its hardware, software and services for automated data collection and tracking in mobile computers, barcode scanners and printing. Brady, a Milwaukee producer of industrial labels and safety signs, said the Fort Mill, S.C.-based Honeywell unit would expand its portfolio serving transportation, warehousing and logistics customers.

The deal comes as part of Honeywell’s efforts to simplify operations alongside a planned separation of its aerospace and automation businesses, which is expected to be completed in the third quarter of 2026. Honeywell said in July that it would review alternatives for the productivity unit and its warehouse and workflow solutions business, which operates under the brands Intelligrated and Transnorm and produces automated sortation systems, palletizers, conveyors and robotics.

U.S. oil futures ended Monday 6.9% higher ahead of another planned round of peace talks and President Trump's latest deadline for Iran to comply with his demands or see its power plants and bridges destroyed. The uptick came after new strains between the U.S. and Iran unwound some of the optimism that swept through markets last week, the Journal’s Ryan Dezember writes.

Monday's closing price of $89.61 was down roughly 21% from the April peak, yet about 34% higher than before the U.S. and Israel began bombing Iran. The cease-fire expires Wednesday evening, and Trump wasn’t inclined to extend the deadline, a White House official said. Confusion over Iran’s participation in the Islamabad talks was rampant, with Iranian state media suggesting officials may skip them, while Tehran told regional mediators it would send a team.

• Qatar’s Civil Aviation Authority announced the gradual resumption of foreign airlines’ operations into Doha’s Hamad International Airport, while flights from Iran’s two main airports in Tehran resumed Monday.
• The head of an Iranian parliamentary commission published a set of proposed measures for managing the Strait of Hormuz, outlining a detailed framework governing transit through the vital waterway.
• London’s Baltic Exchange is asking the shipping industry about possible changes to its benchmark rate for tankers with the Iran war disrupting the normal trade route. (Bloomberg)
• George Prokopiou’s Dynacom Tankers Management has moved at least seven oil tankers through the strait since late February, even as most major lines avoid the contested waterway. (Breakbulk News)
• At least 26 Iranian “shadow-fleet” ships have slipped past the U.S. blockade, with 11 tankers loaded with Iranian oil leaving the Gulf of Oman or Persian Gulf since April 13. (Lloyd’s List)

U.S. Customs and Border Protection on Monday launched its system that allows importers to file refund claims for $166 billion in tariffs collected illegally over the past year. The system known as Consolidated Administration and Processing of Entries, or CAPE, handles refunds within its online portal called the Automated Commercial Environment.

Companies had been preparing for weeks to file and many tried to do so as soon as the portal launched, Reshma Kapadia of Barron’s writes. On Monday morning, some were able to file, but others got error warnings telling them the system was experiencing high volumes and to try again. Other filers had problems uploading documents or weren’t able to get through to CBP by phone for help, according to an advocacy group for small businesses.

• Canadian annual inflation rose to 2.4% in March, its hottest in three months, on a record jump in gasoline prices. (WSJ)
• The Justice Department’s antitrust division is investigating whether large meatpackers that supply U.S. consumers engaged in criminal anticompetitive conduct. (WSJ)
• Apple said John Ternus, its senior vice president of hardware engineering, will succeed Tim Cook as CEO. (WSJ)
• USA Rare Earth agreed to acquire Serra Verde Group, the owner of a rare-earth mine and processing plant in Brazil, in a $2.8 billion deal. (WSJ)
• Phillips 66 and Kinder Morgan said they will proceed with the Western Gateway pipeline linking Midwest and Gulf Coast refineries to Arizona and California. (OPIS)
• China’s Yangzijiang Shipbuilding is starting a dedicated vessel repair and conversion unit as demand grows for retrofits and green upgrades. (Splash247)
• Japanese retailer Nojima plans to acquire Hitachi’s consumer electronics business for over $630 million. (Nikkei Asia)
• Teams from several countries searched the Pacific Ocean near the Northern Mariana Islands for six crew members missing after a cargo ship overturned in a typhoon on Saturday. (Associated Press)
• Uber Eats launched a returns service through its app which users can use to send back eligible products from retailers including Best Buy, Dick’s Sporting Goods and Petco. (RetailDive)
• North American orders of Class 8 heavy duty trucks more than doubled in March from a year earlier to 38,050 units, according to ACT Research. (The Trucker)

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.