Purchasing manager surveys show activity in China’s manufacturing and services sectors contracted in March. (WSJ)
U.S. adjusted corporate profits rose 25% last year in the largest gain since 1976. (MarketWatch)
President Biden is considering invoking the Defense Production Act to boost domestic production of minerals used in batteries for electric vehicles. (WSJ)
The Justice Department endorsed legislation forbidding digital platforms such as Amazon from favoring their own products over those of competitors. (WSJ)
Waymo plans to send fully autonomous vehicles onto San Francisco streets. (WSJ)
U.S. efforts to prosecute alleged price-fixing in the poultry industry suffered a major setback after a second mistrial. (WSJ)
CVS Health will pay $484 million to settle opioid-related claims by the state of Florida. (WSJ)
Online pet-products retailer Chewy fell to its third straight quarterly loss as supply-chain constraints and inflation outweighed record sales. (WSJ)
Toyota’s automotive lines produced and sold a record number of vehicles in February in markets outside Japan. (Reuters)
Companies are raising prices and reducing packaging to get more goods into shipping containers to offset high freight costs. (Forbes)
Bargaining over a new West Coast port labor contract is scheduled to begin May 12. (Journal of Commerce)
Mediterranean Shipping Co. is expanding its orders for new dual-fueled container ships to 28 vessels. (TradeWinds)
VesselsValue says rates for car carriers have hit record highs as auto makers push for faster deliveries. (Splash247)
The trucking strike that ground much of Spain’s transport machine to a halt appears to be losing steam. (The Local)
Sales of used Class 8 trucks in the U.S. jumped 16% from January to February and prices also rose 7%. (Commercial Carrier Journal)
Real-estate firm JLL projects warehouse rents in the U.S. will rise more than 8% this year. (Logistics Management)
Robot-dog maker Boston Dynamics is now selling its logistics robot. (TechCrunch)
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