Americans’ outlook for the job market and their personal finances deteriorated in April. (WSJ)
U.S. consumer prices are expected to have fallen for the second consecutive month in April. (WSJ)
China’s car sales grew 4.4% in April following 21 straight months of declines. (WSJ)
China’s factory-gate prices contracted in April, falling by the steepest margin in four years, as global demand shrinks. (WSJ)
Elon Musk says Tesla is resuming production at its U.S. auto assembly plant in California in defiance of local authorities. (WSJ)
Toyota Motor is forecasting a revenue drop of 20% this fiscal, but expects operations to stay profitable. (WSJ)
Bankrupt retailer Neiman Marcus expects to burn through $300 million before it can reopen its stores. (WSJ)
Under Armour’s first-quarter sales fell 23% and the sports-apparel maker warned second-quarter sales could decline 60%. (WSJ)
AutoNation’s chief executive says the coronavirus pandemic is accelerating a shift to online vehicle sales. (WSJ)
Saudi Aramco said its first-quarter profit fell and it would cut spending this year. (WSJ)
Toyota Motor plans to slash production in North America by 29% through October. (Reuters)
Beauty giant Coty is in exclusive talks to have private-equity firm KKR take a majority stake in Coty’s hair-care businesses. (WSJ)
Japanese officials are working with more than 400 companies to bolster domestic production of pharmaceuticals and medical equipment. (Nikkei Asian Review)
Latin America’s textile and apparel makers are facing big losses as U.S. and European fashion brands cancel or postpone orders. (Sourcing Journal)
Home fitness company Peloton is struggling to ramp up manufacturing to meet the company’s surging demand. (Supply Chain Dive)
Amazon plans to open a regional air hub at California’s San Bernardino International Airport. (Air Cargo News)
German maintenance specialist Lufthansa Technik is working on a passenger-to-cargo conversion for an Airbus A380. (Air Cargo News)
Danish regional container line Unifeeder has returned up to 20% of its vessels to leasing companies. (ShippingWatch)
Japanese container carrier K Line withdrew its 2020 outlook after reporting a $49 million net profit in the year ending March 31. (Lloyd’s List)
Brazil is studying the privatization of its ports of Santos and San Sebastian. (Seatrade Maritime)
Scorpio Bulkers sold $42.8 million of shares in sister company Scorpio Tankers after reporting a $108 million first-quarter loss. (Splash 247)
BNSF Railway is cutting hundreds of jobs across its freight network. (KGAB)
India’s Shiprocket raised $13 million in a funding round backing its business aggregating logistics for direct-to-consumer services. (TechCrunch)
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