Activity in China’s services sector fell in March at the fastest pace since the start of the pandemic. (WSJ)
U.S. imports expanded 1.3% from January to February and exports rose 1.8%. (WSJ)
Business activity in the U.S. service sector accelerated in March. (MarketWatch)
Boeing factory problems disrupted production of a new Air Force One plane this year, adding to the manufacturer’s stumbles developing the U.S. presidential jets. (WSJ)
Online luxury retail platform Farfetch is investing $200 million in Neiman Marcus under a deal that will include cooperation in digital technology. (WSJ)
Advanced Micro Devices plans to buy chip and software startup Pensando Systems for $1.9 billion. (WSJ)
General Motors and Honda plan to jointly develop a line of affordable electric vehicles. (WSJ)
Sales of new cars in the U.K. fell to the lowest level since 1998. (Financial Times)
Volvo’s venture fund is investing in Swiss sustainable lightweight materials startup Bcomp. (Dow Jones Newswires)
Hyundai’s hydrogen-fueled heavy-duty truck is making inroads with European logistics operators. (Nikkei Asia)
Shipping lines are starting to cancel sailings to Shanghai because of the disruptions from Covid lockdowns. (Journal of Commerce)
Car carriers are turning away from transporting used electric vehicles because of a spate of fires on vessels. (Splash 247)
Canada’s Aecon will undertake a $170 million modernization of the cargo facilities at the main port at Saint Vincent and Grenadines. (MarketWatch)
Large logistics companies remain wary of big orders for autonomous trucks even as they strike agreements to test technology. (Reuters)
Trucking industry groups say the White House needs to do more to encourage driver recruitment. (Supply Chain Quarterly)
|