U.S. economic growth was slower at the beginning of this year than the government previously reported. (WSJ)
U.S. oil prices surged to four-year highs. (WSJ)
Business confidence remained steady in the eurozone in May. (WSJ)
Initial jobless claims in the U.S. jumped by 9,000 to the highest reading in five weeks. (WSJ)
The Indian rupee fell to a record low against the dollar. (WSJ)
Tesla Inc. is racing to meet an ambitious production deadline this Saturday by adding an outdoor assembly line under a makeshift tent. (WSJ)
Sempra Energy is selling its wind and solar assets in the U.S. (WSJ)
Kohl’s Corp. and J.C. Penney Co. Inc. are already hiring workers for the back-to-school and holiday season rush. (Dallas Morning News)
Leaders of Toyota in Japan say U.S. tariffs on imported vehicles will raise production costs of the popular Camry model by $1,800. (Nikkei Asian Review)
Australian lawmakers want companies to report efforts to eradicate slavery from their supply chains. (Reuters)
Railroad crews working Kansas City Southern's cross-border routes in South Texas are threatening to strike next month. (Progressive Railroading)
The International Air Transport Association predicted that airfreight demand growth would be just 2% in the third quarter, down from 4% in the first half. (The Loadstar)
Freight rates hit record highs this month when U.S. regulators conducted a three-day roadside inspection blitz. (FleetOwner)
Taiwanese container shipping company Wan Hai Lines will order at least four new ships this year. (Splash 247)
The Panama Canal will allow LNG-carrying ships to traverse the waterway at night. (Seatrade Maritime)
Marine shipping executives said they’re exploring liquefied natural gas as alternative to high-sulfur bunker fuel. (Reuters)
Vessel operator Goodbulk Ltd. pulled an initial public offering in New York amid concerns commodities carriers will suffer from global trade tensions. (Tradewinds)
German container line Hapag-Lloyd AG agreed with its work council on a plan to cut or outsource dozens of jobs following recent acquisitions. (Lloyd’s List)
Container shipping customers said in a survey that liner company services deteriorated last year. (Splash 247)
Severe delays at Russian ports have grain traders moving shipments to smaller vessels. (Bloomberg)
Trucking technology startup Platform Science named former president and CEO of Walmart Transportation, Chris Sultemeier, as chairman of its board. (FreightWaves)
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