Increases in U.S. suppliers’ price eased in April. (WSJ)
New applications for unemployment benefits in the U.S. rose slightly but remained near historic lows. (WSJ)
Baby-formula manufacturers and retailers say they are working to fix long-running shortages, but the hardships facing U.S. families may take months to abate. (WSJ)
Electric-vehicle startup Rivian is recalling 502 battery-powered pickup trucks over potentially faulty air bags. (WSJ)
Grocery-delivery company Instacart filed confidentially for an initial public stock offering. (WSJ)
Saudi Aramco surpassed Apple as the world’s most valuable company. (WSJ)
Car maker Subaru will spend $1.9 billion to build Japan’s first domestic electric-vehicle plant. (Nikkei Asia)
Daimler Trucks North America and engine maker Cummins are working together on a Freightliner Cascadia truck that runs on hydrogen fuel cells. (Inside Indiana Business)
DHL ordered 44 Volvo Trucks electric vehicles for European operations as part of a plan to scale up use of electric power. (AJOT)
Truckload carrier Werner Enterprises is paring back its sales of used trucks and trailers because of backlogs at manufacturers. (Transport Dive)
Container line Hapag-Lloyd more than tripled its first-quarter net profit to $4.7 billion. (gCaptain)
Prices for dry bulk’s largest capesize vessels have surged to a five-month high. (Lloyd’s List)
An appeals court in New York dismissed a state suit against Amazon over the company’s Covid safety protocols in warehouses. (Industrial Distribution)
E-commerce startup Boxed will have FedEx deliver most of its packages. (Dow Jones Newswires)
SAP will start making its warehouse management and distribution apps available on Apple devices, (Supply Chain Digital)
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