New orders for manufactured goods in the U.S. barely grew last month following a downward revision in April orders. (MarketWatch)
The U.S. economy grew at a 1.4% pace in the first quarter, slightly faster than earlier estimates. (MarketWatch)
Levi’s direct-to-consumer sales rose 11% last quarter, outpacing overall apparel sales. (WSJ)
Apparel retailer H&M says sales declined at the start of its fiscal third quarter. (WSJ)
The London Metal Exchange is exploring adding a warehouse in Hong Kong to meet rising demand for the physical exchange of metals. (South China Morning Post)
Taiwanese chip packaging and testing firm ASE Technology plans to build facilities in the U.S. and Mexico. (Nikkei Asia)
Houthi rebels struck another cargo ship in the Red Sea with a seaborne explosives-laden drone. (Associated Press)
Diversions from ocean trade are leading to congestion and delays on bustling China-Europe rail freight lines. (Journal of Commerce)
The Panama Canal is easing draft restrictions and adding booking slots as drought concerns ebb. (Splash 247)
Average vacancy rates at logistics properties in east and north China are approaching their highest levels in years. (Bloomberg)
Former employees at bankrupt US Logistics Services are suing for damages because they weren’t notified about the shutdown. (The Loadstar)
U.S.-based Coffee Holding canceled a planned merger with London-based shipping and logistics operator Delta. (Ship & Bunker)
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