The Federal Reserve held its benchmark interest rate steady and noted some key economic activity slowed in the first quarter. (WSJ)
A measure of U.S. factory activity fell to its lowest reading since October 2016. (WSJ)
The U.S. private sector added 275,000 jobs in April, far more than expected. (WSJ)
Iran’s oil exports have fallen below to 1 million barrels a day and are likely to collapse further under U.S. sanctions. (WSJ)
Airbus SE confirmed plans to deliver at least 880 commercial jets this year. (WSJ)
Volkswagen AG’s profit dropped nearly 10% in the first quarter, better than market expectations. (WSJ)
Gardner Denver Holdings Inc. will merge with the industrial division of Ingersoll-Rand PLC to create the world’s second-largest manufacturer of industrial pumps and compressors. (WSJ)
Neiman Marcus Group Ltd. is exploring strategic options that may include selling its fast-growing MyTheresa e-commerce business. (WSJ)
The British government canceled the last of its “no-deal” Brexit ferry contracts. (BBC)
Amazon says it is years away from automating the entire process of handling orders in warehouses. (Reuters)
Indian startup BlackBuck raised $150 million in a Series D funding round to expand its digital freight trucking technology. (TechCrunch)
European digital freight forwarder FreightHub raised $30 million in a Series B funding round that included A.P. Moller-Maersk A/S. (Splash 247)
The U.S. Food and Drug Administration will test artificial intelligence to help assess imports and study blockchain technology for tracking all foods. (The Packer)
French fashion retailer Sonia Rykiel filed for France's equivalent of chapter 11 bankruptcy protection. (Sourcing Journal)
Michelin North America Inc. opened a 3 million-square-foot distribution center in Greenville, N.C., the largest in its global network. (Tire Business)
Tennessee lawmakers approved $21.3 million in tax breaks for FedEx Corp. tied to the company’s $1.3 billion Memphis hub expansion. (Associated Press)
Container shipping lines are introducing fuel surcharges that may lead to varying charges between carriers. (Lloyd’s List)
Sealed Air Corp. acquired Automated Packaging Systems Inc. in a $510 million all-cash deal. (Modern Materials Handling)
Ryder System Inc. raised its 2019 outlook after reporting a 22.8% gain in first-quarter profit. (Heavy Duty Trucking)
Lufthansa Cargo’s first-quarter operating profit fell 74% on declining Asia and Americas revenues. (The Loadstar)
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