The Federal Reserve says U.S. businesses saw limited evidence of a recovery in recent weeks. (WSJ)
Applications for unemployment insurance are expected to have declined last week as more businesses reopen. (WSJ)
The International Energy Agency expects investment in the U.S. shale sector will drop by half this year. (WSJ)
The European Union rolled out a $2.2 trillion coronavirus response plan that would deepen the bloc’s economic union if approved. (WSJ)
Boeing will shed more than 13,000 employees, including the aircraft manufacturer’s first round of compulsory job cuts. (WSJ)
American Airlines Group will cut its management and administrative staff by 30%. (WSJ)
Chile’s Latam Airlines Group, the largest airline in Latin America, filed for bankruptcy protection in the U.S. (WSJ)
Nissan Motor Co. recorded a $6.2 billion loss in the year ended in March after it took big write-downs as part of a restructuring plan. (WSJ)
Discount retailer Tuesday Morning filed for bankruptcy protection and plans to permanently close about a third of its stores. (WSJ)
The U.S. division of bakery chain Le Pain Quotidien filed for bankruptcy protection. (WSJ)
Germany’s Handelsblatt newspaper reports FedEx is close to taking a stake in German parcel delivery firm Hermes. (Reuters)
Volkswagen is in talks to buy a 50% stake in the parent of its Chinese partner in electric-vehicle development. (South China Morning Post)
U.S. metal fabricator United Alloy will close its Janesville, Wis., plant for two weeks to align its supply chain with shutdowns at companies it supplies. (Janesville Gazette)
Retailer Tractor Supply projects a 20% to 25% gain in same-store sales in its fiscal second quarter. (Barron’s)
Weekly average U.S. diesel prices rose for the first time in five months. (Logistics Management)
Mitsubishi Fuso Truck of North America will stop selling new medium-duty commercial trucks in the U.S. and Canada. (Commercial Carrier Journal)
Amazon is building a multilevel, 465,000-square-foot distribution center in Albuquerque, N.M. (Las Cruces Sun News)
Ocean Spray will place a distribution center south of Dallas at a site owned by NFI Industries. (Dallas Morning News)
MPC Container Ships is in talks with lenders about liquidity pressure after the Oslo-listed carrier lost $10.7 million in the first quarter. (Lloyd’s List)
Container line Zim narrowed its first-quarter loss to $11.9 million as higher freight rates offset declining freight volume. (Journal of Commerce)
Dry-bulk shipping company Golden Ocean lost $160.8 million in the first quarter. (ShippingWatch)
Freight forwarder Expeditors International acquired the digital platform of Fleet Logistics to support its less-than-truckload operations. (The Loadstar)
Novant Health and startup Zipline are using drones to deliver medical equipment from a Kannapolis, N.C. fulfillment center to a medical center in Huntersville, N.C. (TechCrunch)
Consumer-goods supplier Li & Fung completed its privatization. (Inside Retail Asia)
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