Orders for U.S. manufactured goods rose 2.2% in April, more than twice the expected rate. (MarketWatch)
Job openings in the U.S. and the number of times workers quit reached the highest levels on record in March. (WSJ)
The pandemic’s resurgence in China has helped pull metals prices down from highs hit following Russia’s invasion of Ukraine. (WSJ)
A.P. Moller-Maersk’s quarterly profit jumped to $6.78 billion as freight rates rose 71% despite declining container volumes. (MarketWatch)
Korean Air swung to a $431.3 million quarterly profit as cargo accounted for 75% of revenue. (WSJ)
Workers at CNH Industrial went on strike after failing to reach a new contract agreement with the farm and construction equipment maker. (WSJ)
Amazon is closing six Whole Foods stores following its first quarterly loss in seven years. (WSJ)
The Biden administration will allocate more than $3 billion to support electric-vehicle battery manufacturing in the U.S. (Reuters)
Shares in U.K. warehouse companies tumbled as Amazon’s profit warning raised concerns over e-commerce growth. (Financial Times)
Vietnam is building a series of liquefied natural gas-fired power plants as it seeks to move away from coal. (Nikkei Asia)
Deliveries by Chinese electric-vehicle makers declined at a steep pace in April. (Caixin Global)
Deutsche Post DHL is preparing for new acquisitions “if the right opportunity presents itself.” (ShippingWatch)
A measure of logistics activity growth in the U.S. dropped sharply in April to its lowest level in 14 months. (DC Velocity)
United Parcel Service will deploy RFID tags in a smart-packaging initiative at 100 of its facilities. (Supply Chain Dive)
First-quarter profit at truckload carrier Werner Enterprises jumped 35% to $63 million. (Dow Jones Newswires)
Flatbed operator Daseke’s first-quarter revenue jumped 26.1% despite declining volume. (Dow Jones Newswires)
Freight forwarder Expeditors International’s first-quarter operating profit rose 20% to $462 million despite the impact of a February cyberattack. (Dow Jones Newswires)
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