Measures of business activity in the U.S. and in the eurozone both gained momentum in May. (WSJ)
Singapore’s economic growth accelerated in the first quarter on improving trade. (WSJ)
Norfolk Southern agreed to pay hundreds of millions of dollars to resolve the federal investigation into the February 2023 train derailment in Ohio. (WSJ)
Smartphone sales at Chinese manufacturer Xiaomi jumped 33% last quarter. (WSJ)
The U.S. won’t charge Merck KGaA’s North American unit after it disclosed a scheme to export sensitive biochemicals to China. (WSJ)
Japan’s Mitsubishi Electric and auto parts supplier Aisin plan a joint venture for electric and hybrid vehicle components. (Nikkei Asia)
Major container lines reported combined profits of $5.4 billion in the first quarter following a collective loss in the previous quarter. (gCaptain)
Wan Hai Lines warned “a war for containers” is underway at Asian ports as shipping diversions disrupt box supplies. (The Loadstar)
Cosco Shipping is weighing an order for 120 new cargo vessels, largely bulk carriers, to address a “structural undersupply of tonnage.” (TradeWinds)
CSX reopened its largest coal export facility at the Port of Baltimore. (Progressive Railroading)
Roll-on, roll-off shipments through Georgia’s Port of Brunswick jumped 44% in April as auto business was diverted from the Port of Baltimore. (Columbus Ledger-Enquirer)
Truck drivers at a Kroger fulfillment center outside Detroit joined the Teamsters union. (Supermarket News)
Retailer Boot Barn plans to open 900 stores in the U.S. by 2030. (Footwear News)
Silicon Valley food supply chain technology startup Silo laid off nearly a third of its staff. (TechCrunch)
Russia is suggesting redrawing Baltic Sea borders to give the country control of a larger area. (BBC)
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