The dollar is reaching nearly two-year highs against a basket of currencies. (WSJ)
The Federal Reserve says the U.S. economy grew at a moderate pace in early spring. (WSJ)
Existing-home sales in the U.S. slipped 2.7% in March as home prices reached a record high. (WSJ)
Trucker Knight-Swift Transportation raised its earnings outlook after reporting a 60.5% jump in first quarter profit to $208.3 million. (Dow Jones Newswires)
Canada’s annual inflation rate accelerated to a three-decade high in March. (WSJ)
Online food ordering company Just Eat Takeaway is considering selling its U.S. unit Grubhub after a decline in orders. (WSJ)
Procter & Gamble posted its biggest quarterly sales gain in decades but executives warned shoppers may begin to balk at rising prices. (WSJ)
China’s initial report into last month's fatal China Eastern Airlines crash offered few new clues to why the 737-800 nosedived into a mountain. (WSJ)
California almond growers are among U.S. agricultural exporters frustrated by the lack of capacity on outbound container ships. (New York Times)
Rio Tinto’s exports from its flagship iron ore operations in Western Australia were down 8% in a “challenging” first quarter. (Financial Times)
Global smartphone shipments fell 11% in the first quarter. (South China Morning Post)
Japanese retailer Rakuten Group aims to double its domestic e-commerce revenue to $78.9 billion by 2030. (Nikkei Asia)
Maersk Line and Hapag-Lloyd say the impact of the deadly floods in South Africa continues to limit access to the Port of Durban. (ShippingWatch)
Alphaliner says Maersk Line is now the largest carrier on the trans-Pacific by capacity. (Splash 247)
Optimal Dynamics raised $33 million in a Series B funding round backing its business bringing artificial intelligence tools to trucking operations. (VentureBeat)
Automation of procurement functions is already influencing how companies purchase freight transportation. (Journal of Commerce)
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