The nonfarm private sector in the U.S. lost about 20.2 million jobs from March to mid-April. (WSJ)
The wave of layoffs in the U.S. caused by coronavirus could crest as soon as this month, jobless claims data suggest. (WSJ)
The European Commission forecasts the eurozone economy will suffer “a recession of historic proportions” because of the coronavirus pandemic. (WSJ)
Retail sales volumes across the eurozone fell at a record pace in March. (WSJ)
Uber Technologies is cutting about 3,700 jobs as the ride-hailing service looks to reduce costs. (WSJ)
CVS Health’s retail revenue rose 7.7% in the first quarter as Americans stocked up on medications. (WSJ)
General Motors pickup truck sales jumped 27% in the first quarter, helping offset weaker car sales. (WSJ)
Volkswagen says car sales in China have essentially returned to pre-crisis levels in China. (WSJ)
BMW says the lockdowns in the U.S. and Europe will push the German luxury car maker into the red in the second quarter. (WSJ)
Mattel’s first-quarter toy sales fell 14% while rival Hasbro expanded revenues with its game products favored by homebound families. (WSJ)
Beyond Meat’s sales more than doubled in the latest quarter. (WSJ)
Gap will begin reopening some stores this weekend (WSJ)
Lord & Taylor plans to liquidate all its inventory once its stores reopen as it braces for a bankruptcy that will likely push the retailer to close. (Reuters)
Nordstrom is permanently closing 16 of its 116 department stores and restructuring operations. (Seattle Times)
Men’s apparel retailer J. Hilburn filed for chapter 11 bankruptcy protection. (Dallas Morning News)
Asian imports of liquefied natural gas are slowing after the coronavirus brought the region’s industrial activity to a standstill. (Nikkei Asian Review)
Brazil’s soybean exports reached a record 16.3 metric tons in April. (World Grain)
U.S. shipping line Matson’s first-quarter profit fell 70% to $3.8 million on a 3.5% slip in revenue. (Lloyd’s List)
The Suez Canal has already lost about $10 million in business as shipping lines opt for longer routes around Africa. (ShippingWatch)
The federal government is loaning $500 million to help Long Beach, Calif., replace a bridge and allow for larger ships to serve the port. (Progressive Railroading)
Toll Group’s services have gone offline since the second ransomware attack this year against the Australia-based logistics provider. (Australian Financial Review)
Freight forwarder Expeditors international remains “fully staffed” after first-quarter revenue dropped 6% on falling air and ocean volumes. (The Loadstar)
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