Big new investment money is heading into cold storage. Private-equity firm Bain Capital and real-estate developer Barber Partners are teaming up on a $500 million plan to build 10 to 15 refrigerated warehouses across the U.S. in the next few years. The WSJ Logistics Report’s Lydia O’Neal writes the companies are targeting grocery chains and logistics operators with multi-tenant facilities measuring around 300,000 square feet apiece. The joint venture managing sites under the name Chill Storage could bring significant new capacity to a refrigerated market that has seen strong demand driven by the growth of e-commerce in the past two years. The broader online demand is waning, but Bain’s David DesPrez says demand for fresh, local food “is a very durable trend.” The refrigerated sector has been active lately, with Lineage Logistics and Americold dominating the market and building scale in part by consolidating smaller operators.

Global wheat markets are transforming as governments move to fill a void from the Black Sea region that could total tens of millions of tons of grain. Some countries are paying farmers to sow more crops and are enlisting railcars and additional containers to move wheat, the WSJ’s Jesse Newman and Patrick Thomas report, and trading giants such as Bunge and Archer Daniels Midland are exploring alternate routes to move crops from Ukraine. In the near term, it will be hard for the world’s farmers to take up the slack, given that Russia and Ukraine combined typically account for more than a quarter of global wheat exports. That amounts to a looming catastrophe for countries that rely on Black Sea transports for the food staple. Even Brazil is entering the fray with a new variety of wheat suited for warm-weather climates that could add to the country's hefty commodity exports.

Global energy supply chains are due for a sweeping overhaul under new responses to Russia’s invasion of Ukraine. The European Union is likely to propose ending purchases of Russian crude oil before the end of 2022, the WSJ’s Laurence Norman and Bojan Pancevski report, and will also look at banning purchases of Russian refined-oil products by the end of the year. The bans remain uncertain because all 27 members of the bloc would have to agree. But some countries are already taking steps: Germany says it has cut oil imports from Russia dramatically since the invasion. The escalating energy war between the EU and Russia is roiling oil transport markets as Moscow seeks new customers that would make supply lines longer and more expensive. Japan is bucking the Western moves, with Mitsui & Co. saying it will push ahead with its Arctic LNG 2 natural-gas project in Siberia.

Here are recent developments following Russia’s invasion of Ukraine:

Ukraine says it sank two Russian naval vessels in the Black Sea, as a Russian missile attack killed civilians in Odessa and heavy fighting continued in eastern Ukraine. (WSJ)

Russia is assembling an economic relief package equivalent to tens of billions of dollars to soften the blow of Western sanctions. (WSJ)

Russian cargo targeted by sanctions is piling up in Europe and gumming up logistics networks. (Bloomberg)

Chinese technology firms may suspend their business in Russia and Ukraine to minimize their exposure to political and sanctions risks. (South China Morning Post)

For the latest updates from Russia and Ukraine, click here

Amazon workers voted against unionizing at a facility in Staten Island, N.Y., following a landmark victory for labor organizers at another company warehouse last month. (WSJ)

A measure of U.S. manufacturing activity slipped to its lowest point since July 2020 and supplier-delivery performance deteriorated. (WSJ)

Shanghai residents are publicly protesting continuing Covid lockdowns and food shortages. (WSJ)

Australia’s Qantas ordered dozens of Airbus aircraft to expand capacity and replace aging Boeing jets. (WSJ)

Spirit Airlines rebuffed a takeover bid from JetBlue and will stick with merger plans with Frontier. (WSJ)

Amazon is cutting paid time off for frontline U.S. workers who test positive for Covid-19. (CNBC)

Nintendo expects  sales of its Switch game consoles to fall 10% this year because of supply-chain problems. (Nikkei Asia)

Toy maker Kids2 is expanding its sourcing from China, including establishing its own factory in the country. (Supply Chain Brain)

BNSF Railway’s first-quarter operating income rose 8% to $2 billion as revenue rose 10% to $6 billion despite a 3.3% drop in volume. (Trains)

Electric-truck startup Nikola raised $200 million by selling a convertible bond to a hedge fund. (Financial Times)

Trucker Saia expects to open up to 15 less-than truckload terminals this year after strong pricing drove record first-quarter earnings. (Dow Jones Newswires)

Net sales at industrial supplier W.W. Grainger rose 18% in the first quarter to $3.6 billion. (Industrial Distribution)

Share prices for operators of product tankers have jumped nearly 50% this year. (TradeWinds)

Canada’s Port of Vancouver is wracked by persistent vessel delays and extended dwell times for rail containers. (Journal of Commerce)

Frontline owner John Fredriksen has been buying shares in U.S. tanker operator International Seaways. (ShippingWatch)

Australia is projecting a 6.5% increase in wool production this year. (Sourcing Journal)

Industrial robot sales rose 28% last year to about $2 billion. (DC Velocity)

Paul Page is editor of WSJ Logistics Report. Write to him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @pdberger. and @LydsOneal. Follow the WSJ Logistics Report on Twitter at @WSJLogistics.