Suez Canal authorities and maritime insurers reached an agreement in principle to release the container ship Ever Given. (WSJ)
The median home price in the U.S. jumped 23.6% to a record $350,300. (WSJ)
U.S. lawmakers negotiating a roughly $1 trillion infrastructure proposal are trying to finalize a plan for financing the package. (WSJ)
Chinese digital freight broker Full Truck Alliance priced its initial public stock offering in New York at the top end of expectations. (Dow Jones Newswires)
U.S. airports are set to receive $8 billion in government grants to help them emerge from the coronavirus pandemic. (WSJ)
The Teamsters union is considering creating a specific division aimed at organizing Amazon workers. (Reuters)
Hudson's Bay will spin off the e-commerce division of off-price chain Saks Off 5th into a standalone company. (Financial Post)
Mediterranean Shipping Co. CEO Soren Toft says European Union plans to slash overall carbon emissions could drive up emissions for the shipping industry. (Financial Times)
Japan’s Mitsui OSK Lines sharply raised its outlook to a forecast of $2 billion in earnings this fiscal year. (Lloyd’s List)
Hapag-Lloyd is buying six container ships with capacity for more than 23,500 containers each from South Korea’s Daewoo Shipbuilding & Marine Engineering. (Splash 247)
The state-owned-owned Korea Development Bank is exploring a sale of its stake in shipping company HMM. (Maritime Executive)
The global container ship owners’ group known as the Box Club is disbanding. (Journal of Commerce)
Semiconductor maker Globalfoundries is adding a chip plant to its existing operations in Singapore. (Dow Jones Newswires)
A federal court handed trucking fleets a fresh defeat in their battle against California’s tougher restrictions on independent contractors. (DC Velocity)
Caterpillar will develop and produce zero-emissions mining vehicles for Canada’s Nouveau Monde Graphite mine. (Dow Jones Newswires)
Uber Technologies is acquiring the remaining 47% of grocery delivery firm Cornershop it didn’t already own. (Grocery Dive)
Apparel retailer Gap began construction of an 850,000-square-foot distribution center in Longview, Texas. (Longview News-Journal)
San Francisco bars face a beer shortage because of delivery problems at supplier Golden Brands. (SFist)
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