The Port of Virginia is shutting one of its container terminals amid canceled sailings and falling volumes. (WSJ)
Truck stop operator TravelCenters of America furloughed more than 3,000 workers after closing most of its full-service restaurants. (MarketWatch)
Natural gas prices in East Asia have fallen to about the same level as coal prices for the first time. (WSJ)
United Airlines is selling more than 20 planes to a Chinese-owned plane rental company to raise cash. (WSJ)
Walmart’s sales jumped more than 20% last month and the retailer plans to hire another 50,000 warehouse and store workers. (WSJ)
Procter & Gamble’s U.S. sales rose at the fastest pace in decades in the first quarter. (WSJ)
British antitrust regulators provisionally approved Amazon’s investment in Deliveroo, citing the food-delivery company’s financial vulnerability. (WSJ)
Singapore’s non-oil exports rose an unexpected 17.6% in March. (Straits Times)
Retailer Neiman Marcus is preparing to seek bankruptcy protection as soon as this week. (Reuters)
Foxconn Technology Group is extending its efforts to build a Chinese semiconductor supply chain with a new packaging and testing site in Qingdao. (South China Morning Post)
Vietnamese garment maker Vinatex may furlough 50,000 workers as the country’s textile industry reels from order cancellations. (Nikkei Asian Review)
British fashion retailers Oasis and Warehouse filed for the U.K. equivalent of bankruptcy protection. (Sourcing Journal)
Ingrid Brown is among millions of truck drivers continuing to deliver goods even though she is unable to find the protective equipment needed to keep her safe. (New York Times)
Brazilian miner Rio Tinto shipped out 5% more iron ore during the first quarter over the same period of 2019. (ShippingWatch
Colombian authorities are investigating the murder of the captain of a container ship operating for Hamburg Sud off the Port of Cartagena. (Splash 247)
A report says some ports are being overwhelmed by automotive shipments stranded amid a steep decline in car sales. (The Loadstar)
China’s SF Express’s March revenue jumped 48.6% in March as parcel volume nearly doubled. (Xinhua)
|