A measure of U.S. manufacturing activity accelerated in May and new orders rose to the highest level since February. (MarketWatch)
The Federal Reserve says the U.S. economy grew at a slight to modest pace this spring as companies struggled with higher prices and labor shortages. (WSJ)
U.S. job openings dropped to 11.4 million in April from a record 11.9 million in the prior month. (WSJ)
The White House is forging closer economic ties with Taiwan in areas including trade, supply chains and technology-export controls. (WSJ)
New data suggest that the U.S. baby-formula shortage is deepening and stockouts growing. (WSJ)
Delta Air Lines expects its revenue to return to prepandemic levels this quarter. (WSJ)
HP offered an upbeat earnings outlook even though sales and shipments are still being slowed by supply-chain problems. (WSJ)
General Motors plans to convert Buick’s vehicle lineup to all-electric in North America by the end of the decade. (WSJ)
Apple is shifting some iPad manufacturing to Vietnam after months of disruptions in China. (Nikkei Asia)
Panasonic plans to quadruple its production of electric-vehicle batteries by 2028. (Japan Times)
A surge in battery-metal prices means it could take years longer for electric vehicles to become as affordable as conventional cars. (Bloomberg)
Cotton from African countries reached record levels of supply and demand in the 2020-2021 season. (Sourcing Journal)
Brazilian mining giant Vale plans to buy 14 new dual-fuel very large ore carriers at a cost of more than $1.5 billion. (TradeWinds)
United Parcel Service acquired same-day delivery platform Delivery Solutions and plans to run it independently. (Supply Chain Dive)
Truckload carrier Heartland Express acquired Pennsylvania-based Smith Transport for $170 million. (Transport Dive)
Federico Pensotti stepped down as chief financial officer of trucker Landstar System and corporate controller James Todd was expected to replace him. (Dow Jones Newswires)
Freight traffic for Asia-Pacific airlines fell 8.5% in April in the second straight monthly decline. (Air Cargo World)
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