China says it will retaliate if the U.S. moves forward with higher tariffs on Friday. (WSJ)
YRC Worldwide Inc. shares fell nearly 18% after its first-quarter net loss more than tripled to $49.1 million and revenue fell 2.7%. (WSJ)
Chinese e-commerce giant JD.com closed its Australia office after less than 15 months in the market. (Australian Financial Review)
Copper prices are near three-month lows on concerns over trade and a slowdown in Chinese economic growth. (WSJ)
Uber Technologies Inc. is on track to price its initial public offering at the midpoint of its target or below. (WSJ)
Walmart Inc. is raising the minimum age to purchase tobacco products to 21 atl its stores and will stop selling fruit-flavored e-cigarettes. (WSJ)
Nestle will cut 4,000 supply-chain jobs as it overhauls the way it delivers frozen pizza and ice cream to stores. (Reuters)
Land’s End is closing its last 40 outlets inside Sears department stores. (Chicago Tribune)
Chinese telecommunications provider Huawei Technologies Co. has made inroads at ports looking to advance digital technology. (Lloyd’s List)
DP World will add a surcharge on older trucks serving its Southampton, U.K., container terminal. (The Loadstar)
BNSF Railway Co.’s first-quarter profit rose 9% to $1.25 billion as revenue grew 2% despite a 5% drop in freight volume. (Progressive Railroading)
Trucker C.R. England agreed to a $37.8 million settlement of a class-action lawsuit by drivers over its contractor and truck lease program. (Commercial Carrier Journal)
Private-equity group Wind Point Partners acquired bulk-goods carrier A&R Logistics. (Bulk Transporter)
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