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Oil prices rose at the fastest pace in nearly a year on news that Saudi Arabia would cut crude output. (WSJ)
A measure of U.S. factory activity fell deeper into contraction territory in March. (MarketWatch)
South Korea’s exports fell in March for the sixth straight month. (Dow Jones Newswires)
Commodities giant Glencore is resuming acquisitions activity with an unsolicited bid for Canadian miner Teck Resources. (WSJ)
Online grocery wholesale firm Boxed filed for bankruptcy protection and plans to sell its software business. (Dow Jones Newswires)
Walmart is laying off nearly 600 workers at a distribution center in Pennsylvania’s Lehigh Valley. (PennLive)
Walmart plans to extend the truck driver workflow app it developed for its private fleet to third-party operators. (Commercial Carrier Journal)
Shekar Natarajan has left his position as president of American Eagle Outfitters’ logistics subsidiary Quiet Platforms. (Insider)
Apparel retail group PVH inventories were up 34% year-over-year in the fiscal quarter ending Jan. 29 as logistics disruptions eased. (Supply Chain Dive)
A group of shipowners and other companies in bulk markets have formed a freight association as an alternative to the Baltic Exchange. (TradeWinds)
Packwell is building a 725,000-square-foot facility at Port Houston to handle the gateway’s growing resin export trade. (Railway Age)
SF Airlines began freighter flights to Belgium from China’s new all-cargo Ezhou Huahu Airport. (Air Cargo News)
Distribution Solutions Group is acquiring fellow industrial supplies distributor Hisco for $269 million. (Modern Distribution Management)
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