Daily iron ore futures on China’s Dalian Exchange jumped 10% to a record high. (WSJ)
Pentagon officials are considering dropping a cloud-computing project granted to Microsoft that has been mired in litigation from Amazon. (WSJ)
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Supply-chain software provider Descartes Systems acquired rate-management technology supplier Portrix Logistics for roughly $26.7 million. (Dow Jones Newswires)
Autonomous-truck maker TuSimple’s first-quarter loss widened to $385 million from $25.7 million a year ago. (Dow Jones Newswires)
Bombardier says the Justice Department has requested information related to its deals with airline PT Garuda Indonesia. (WSJ)
Colorado oil-and-gas producers Bonanza Creek Energy and Extraction Oil & Gas are combining into a company valued at about $2.3 billion. (WSJ)
Vietnamese conglomerate Vingroup is ending development of smartphones and televisions and pivoting to electric vehicles. (Nikkei Asia)
Many of the world’s supply-chain problems are crashing down on logistics operations at West Virginia auto parts supplier Sogefi. (Washington Post)
Apple is sending $45 million from its Advanced Manufacturing Fund to key precision glass supplier Corning. (Dow Jones Newswires)
Tyson Foods has been raising prices to offset rising supply-chain expenses and falling sales volumes. (Dow Jones Newswires)
The joint business created by Authentic Brands Group and Simon Property Group is acquiring outdoor gear retailer Eddie Bauer. (Seattle Times)
Amazon says it blocked more than 10 billion suspected phony listings on its marketplace last year. (Associated Press)
Panasonic expects operating profit to jump by almost a third this year amid growing demand for automotive batteries used by Tesla. (Reuters)
The Suez Canal Authority has cut its compensation demand over the Ever Given grounding by a third to about $600 million. (Bloomberg)
Mediterranean Shipping Co. will charter 11 dual-fuel, mid-size container ships from Eastern Pacific Shipping. (Lloyd’s List)
New anti-pollution rules are expected to add about 3% to the cost of warehouse operations in Southern California. (Journal of Commerce)
Orders for new rail cars rose in the first quarter to the highest level in a year. (Railway Age)
Canadian National ordered 1,000 high-capacity grain hopper cars from Trinity Rail amid strong agriculture transport demand. (Progressive Railroading)
The U.S. Postal Service cut its quarterly loss to $82 million as revenue in the shipping and packages unit jumped 33.6%. (Logistics Management)
Parcel volume at Dutch postal group PostNL soared 61.6% in the first quarter. (Post & Parcel)
Amazon is adding a 620,000-square-foot distribution center southeast of Raleigh, N.C. (News & Observer)
Mattel wants consumers to return their used toys so they can be recycled into new products. (MarketWatch)
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