The impact of Covid-driven lockdowns in Shanghai on logistics operations is growing and threatens to add new disruptions across global supply chains. Trucking has been the worst hit in a series of restrictions that have affected operations from factories to port container terminals, the WSJ’s Liza Lin and Yang Jie report, as strict local pandemic policies and arbitrary implementation of rules choke off the transport of goods. Daily truck volumes moving through Shanghai were down 70% this week from the end of March, according to Wind Information, and trucking costs are up significantly. Japan’s Yusen Logistics packed only 6% of its usual daily volume for shipment from Shanghai’s port over the past weekend. The lull in outbound container business may give overworked ports in the U.S. and Europe breathing room in the short term, but logistics experts say Shanghai’s cargo buildup is a bubble waiting to burst.

• The diminished number of flights departing Shanghai’s Pudong International Airport are carrying meager cargo loads. (The Loadstar)

An opaque market for Russian oil transports to Europe is forming faster than Western countries can add sanctions and restrictions. Russia’s oil exports to European Union member states have grown by some 300,000 barrels a day this month, the WSJ’s Anna Hirtenstein reports, including shipments on growing numbers of tankers marked “destination unknown.” TankerTrackers.com reports more than 11.1 million barrels were loaded at Russian ports into tankers without a planned route. The label signals ship-to-ship transfers may be going on at sea, a tactic that has been used by sanctioned countries like Venezuela. The U.S., U.K., Canada and Australia have barred Russian oil imports, but European leaders have pushed back the question because of concerns that they will inflict pain on their own economies. The rise in shipments to Europe suggests that some companies that said they would restrict their purchases from Russia are finding workarounds.

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

Many Ukrainians remain caught in the strategic port city of Mariupol as efforts to evacuate them through humanitarian corridors have been slow. (WSJ)

President Biden said the U.S. will bar Russian-flagged ships or vessels owned or operated by Russian interests from docking at American ports. (WSJ)

Treasury Secretary Janet Yellen cautioned that an outright ban on Russian energy products could damage the global economy. (WSJ)

Finnish maritime equipment supplier Wärtsilä expects a $218 million hit from its downscaling of Russia operations. (Lloyd’s List)

Danish beer giant Carlsberg will take a $1.39 billion writedown tied to its decision to exit Russia. (WSJ)

For the latest updates from Russia and Ukraine, click here

Amazon is taking even bigger steps to extend the reach of its sprawling fulfillment network. The new measures include a service embedding its own payment and fulfillment options onto third-party sites, the WSJ’s Denny Jacob reports, deepening the link between sales by independent merchants and its growing warehousing and delivery operations. At the same time, the e-commerce giant says it is launching a $1 billion venture program targeting fulfillment, logistics and supply chain technology startups. The fund’s initial investments focus on robotics and wearable technology, areas that fit with the company’s broader goal of making its logistics faster and more efficient. The plan to tie its fulfillment network more closely to third-party merchants likely offers the more immediate threat to FedEx, United Parcel Service and other package carriers. The service tied to Amazon’s Prime membership program would drive more shipments seamlessly through the company’s own operations.

Federal Reserve Chairman Jerome Powell signaled the central bank was likely to raise interest rates by a half percentage point next month. (WSJ)

New applications for U.S. unemployment benefits fell slightly last week as employers clung to workers in a tight labor market. (WSJ)

A group of New York pension funds are fighting re-election of two Amazon board members for what the institutions say are failures to adequately protect worker safety. (WSJ)

U.S. passenger airlines are anticipating record revenues in the current quarter and a return to profits. (WSJ)

Nestlé says shoppers are snapping up its products even as the packaged food giant raises prices to offset higher costs. (WSJ)

Airbus workers in the U.K. approved a new pay agreement that averts a threatened strike. (Bloomberg)

Union Pacific expects rising fuel costs to pressure operating earnings after a first quarter that included a 22% gain in net profit to $1.63 billion. (MarketWatch)

Optimistic comments from West Coast longshore labor leaders are raising hopes a new contract agreement will be reached without disruptions. (Journal of Commerce)

Container volume growth at DP World’s terminals around the world slowed to 1.7% in the first quarter. (MarketWatch)

General Mills is reformulating some of its products amid challenges sourcing materials including starch, oils and packaging. (Supply Chain Dive)

PepsiCo is adding 40 Ford electric trucks to its Frito-Lay North America delivery operations in the Dallas Fort Worth area. (Food Business News)

Knight-Swift Transportation is on the lookout for more deals to expand its less-than-truckload business. (Transport Dive)

Truckload carrier Heartland Express lowered its capital spending plans this year on low equipment availability and high pricing. (Dow Jones Newswires)

Sales in the U.S. of used Class 8 trucks are surging amid slowing production of new vehicles. (DC Velocity)

Connecticut lawmakers advanced a measure calling for state prisons to help inmates gain commercial drivers’ permits. (CT Mirror)

Hitachi is preparing to sell part of its stake in Hitachi Transport System for around $1.56 billion to private-equity firm KKR. (Nikkei Asia)

Danish freight forwarder Scan Global Logistics plans to sharply scale up the size of its acquisitions. (ShippingWatch)

Instabox raised $190 million in a funding round that values the Swedish e-commerce delivery startup at $1 billion. (PYMNTS)

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.