Sales of durable goods in the U.S. rose 0.4% in April. (WSJ)
Wisconsin officials are struggling to find tenants for a large science and technology park after Foxconn scaled back its megafactory plans.(WSJ)
Oil firm TotalEnergies is buying a 50% stake in U.S. renewables company Clearway Energy for $2.4 billion. (WSJ)
Stellantis is replacing its head of purchasing and supply chain for North America as the auto maker struggles with supplier relations. (Automotive News)
Covid-19 lockdowns in China are delaying the development of at least one of this year’s new iPhone models. (Nikkei Asia)
Amazon opened its first tech-driven Amazon Style store in Glendale, Calif. (Women’s Wear Daily)
Dick’s Sporting Goods cut its annual outlook as inflation and shifting spending patterns cut into first-quarter sales. (MarketWatch)
Data shows vessels at the Port of Oakland are taking six days to unload and load and import containers are waiting almost 11 days for handling. (CNBC)
Congestion at the ports of Los Angeles and Long Beach is making the Southern California complex the least efficient gateway in the world. (Bloomberg)
Star Bulk Carriers’ earnings increased five-fold in the dry-bulk operator’s strongest first quarter in more than a decade. (Lloyd’s List)
A.P. Moller-Maersk says green fuels like ammonia will cause a double-digit increase in freight rates. (TradeWinds)
Nina Østergaard Borris will succeed her father as CEO of Denmark’s family-owned United Shipping and Trading. (Splash 247)
Suez Canal revenues are expected to jump 27% year over year to $7 billion. (Seatrade Maritime)
Florida’s Jaxport completed a major portion of a harbor deepening project to allow larger and heavier ships to call at the port. (Maritime Executive)
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