New home construction in the U.S. fell to the lowest level since February 2015. (WSJ)
The number of people claiming unemployment benefits in the U.K. rose at the highest rate on record in April. (WSJ)
Home Depot’s sales rose 7.1% last quarter but rising costs pushed earnings down 11%. (WSJ)
Pier 1 Imports is asking a bankruptcy court for permission to shut its stores and liquidate inventory after the retailer failed to find a buyer. (WSJ)
Johnson & Johnson will stop selling talcum-containing baby powder in the U.S. and Canada. (WSJ)
Apple will turn to factories in Vietnam to build its new headphones. (The Information)
Amazon has stopped updating its warehouse workers on coronavirus cases as the positive results have climbed into the hundreds. (New York Times)
Amazon is adding a second fulfillment center in Windsor, Conn. (Hartford Courant)
U.S. regulators sanctioned logistics operator Shanghai Saint Logistics for allegedly working with a blacklisted Iranian airline. (Nikkei Asian Review)
Digital technology advocates are undertaking new efforts to eliminate paper bills of lading from container shipping transactions. (Splash 247)
Mining giant Vale has reopened its Malaysia distribution center. (Lloyd’s List)
Container volumes at Washington state ports fell 23.5% last month. (Seattle Times)
Vessel owner Danaos says charter rates for container ships have fallen 25% to 40% this year. (The Loadstar)
More than 1,200 passenger airplanes are now being used as freighters in the air cargo market. (Journal of Commerce)
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