U.S. orders for durable goods fell 2.1% in April while a measure of business investment also declined. (WSJ)
The Mexican economy contracted 0.2% in the first quarter from the end of last year. (WSJ)
The White House is proposing allowing U.S. companies to seek penalties against foreign competitors they say benefit from artificially weak currencies. (WSJ)
New questions from federal aviation regulators will push back the Boeing Co. 737 MAX jet's return to service. (WSJ)
United Continental Holdings Inc. is prepared to lend money to Avianca Holdings SA in a deal that would expand United’s sway over the Colombian carrier. (WSJ)
Best Buy Co.’s first-quarter online sales increased 15.1% to $1.31 billion. (WSJ)
Nestlé SA has achieved about half of its planned cost-cutting savings in an effort focused on efficiency and centralizing procurement. (WSJ)
The U.S. sanctioned an Argentine online pharmacy, alleging it operates as a drug trafficking and money-laundering network. (WSJ)
Amazon.com Inc. plans to extend a purge of small suppliers and make the bar permanent. (Bloomberg)
China’s Huawei Technologies Co. is reviewing its FedEx Corp. relationship after claiming the company diverted parcels destined for Asia to the U.S. (Reuters)
Contract manufacturer Flex halted some of its production for Huawei Technologies. (Nikkei Asian Review)
U.S. footwear imports from China fell 8.2% in the first quarter while shipments from Vietnam rose 12.6%. (Sourcing Journal)
Toyota Motor Corp. plans to build an assembly plant for pickup trucks in Myanmar. (Yomiuri Shimbun)
Iran’s oil storage on land and at sea is rising as U.S. sanctions bite into exports. (Reuters)
Unionized dock workers at Canada’s Port of Vancouver backed away from a strike but promised “targeted job action” in their push for a new contract. (Vancouver Sun)
China State Shipbuilding Corp.’s ship owning and leasing unit wants to raise $2.1 billion in a public listing in Hong Kong next month. (Splash 247)
Dry bulk ship operator Star Bulk Carriers Corp. swung to a $5.3 million loss in the first quarter. (Shipping Watch)
Teekay Tankers Ltd.’s first-quarter net income rose 8..2% to $12.5 million. (FreightWaves)
South Korea’s Hyundai Heavy Industries won orders to build two natural gas carriers and six crude tankers. (TradeWinds)
Royal Mail PLC is pinning its strategy on building parcel and international business. (Motor Transport)
Deutsche Post AG’s DHL Express ordered 100 electric parcel vans powered by fuel cells. (Post & Parcel)
DHL opened a 237,000-square-foot hub at Austria’s Vienna Airport. (Cargo Airport News)
Penske Logistics is closing a Fort Wayne, Ind., terminal and laying off 80 drivers. (Commercial Carrier Journal)
Hong Kong replaced China as the top export destination for high-end Bordeaux wine for the first time since 2011. (South China Morning Post)
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