Mexican retailer Grupo Comercial Chedraui is buying U.S. grocer Smart & Final Stores for more than $600 million. (WSJ)
Ericsson is paying Nokia the equivalent of $97.2 million to settle a damages claim related to corruption allegations. (WSJ)
The U.S. Coast Guard reopened the Mississippi River to barge traffic near the damaged Interstate 40 bridge in Memphis, Tenn., but the span remains closed. (Daily Memphian)
Small U.S. manufacturers that rushed to produce face masks are stuck with hundreds of millions of face coverings because China is flooding the market with cheap masks. (Reuters)
Amazon has used a freight-partner contractor program that has insulated the company from liability for crashes by third-party trucking providers. (The Information)
AlixPartners estimates the global chip shortage has cost auto companies some $110 billion in lost sales. (Bloomberg)
Rising costs are weighing on Apple supplier Foxconn Technology Group as it seeks to diversify its contract manufacturing business. (Financial Times)
Hapag-Lloyd is adding to the new upturn in container shipping prices with a $3,000 general rate increase next month. (The Loadstar)
Brazilian mining giant Vale is testing the use of wind rotor sails on a large iron ore vessel. (Lloyd’s List)
First-quarter operating profit at South Korea’s HMM soared to $903 million as revenue jumped 84.9% on a 6.7% increase in volume. (Seatrade Maritime)
A 50-car Union Pacific freight train derailed south of Minneapolis. (CNN)
Electronics manufacturer HP will work with autonomous truck supplier Embark to test self-driving vehicles. (DC Velocity)
Bridge Industrial and Canada’s Public Sector Pension Investment Board will develop logistics properties in the U.K. under a $1.4 billion partnership. (Logistics Manager)
Authorities sided with local residents in denying a request for overnight truck operations at a large warehouse northwest of London. (Motor Transport)
Optimal Dynamics raised $18.4 million in a funding round backing expansion of its application of artificial intelligence to logistics. (VentureBeat)
Latvian charter passenger carrier Smartlynx Airlines is leasing five A330 jets without seats to operate them as virtual freighters. (Simple Flying)
The central London store known as the “mad sailor shop” is shutting down after nearly 500 years of selling maritime goods. (WSJ)
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