The Federal Reserve raised interest rates another quarter-percentage point and signaled it may pause further increases. (WSJ)
ADP says private-sector employment jumped by 296,000 to a nine-month high in April. (MarketWatch)
Iran seized an oil tanker in the Strait of Hormuz, in the second such incident in less than a week. (WSJ)
DHL parent Deutsche Post says a decline in business-to-business package volumes has stabilized following a 24% decline in first-quarter operating profit. (MarketWatch)
CVS Health lowered its outlook for the year as it incorporates recent big acquisitions. (WSJ)
Kraft Heinz’s first-quarter sales rose 7.3% on higher prices but the food supplier’s sales volumes declined. (WSJ)
Sandra MacQuillan, a longtime supply-chain executive at some of the world’s largest consumer brands, died after a long battle with cancer. (WSJ)
New measures show container shipping rates rising again after a downward turn over the past month. (Seatrade Maritime)
Dry-bulk operator Pangaea Logistics is buying two terminals in Florida and one at the Port of Baltimore. (Maritime Executive)
Japan Airlines is adding three 767-300 freighters to its fleet in a bid for greater regional e-commerce business. (Bloomberg)
Discount retailer Tuesday Morning is shutting down after entering bankruptcy protection for the second time in three years. (Houston Chronicle)
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