The online commerce arms race over fast delivery appears to be slowing down. Shipping experts and surveys suggest that consumers are stepping back from their push for speedy delivery. The WSJ Logistics Report’s Liz Young writes that e-commerce customers are instead looking for lower costs and certainty in their online orders, the latest sign that the frenzied surge in online shopping that began with the pandemic lockdowns is tapering off. The newfound patience is driven at least in part by rising prices for parcel delivery, and by the growing willingness of retailers to pass along the costs that grow higher as delivery gets faster. Amazon says its service offering day-certain delivery, along with a discount for slower service, has grown more popular. A survey by Shippo found the share of e-commerce shoppers preferring same-day or next-day delivery dropped to 10% last year from 18% the year before.

• TikTok's new shopping service is struggling to attract U.S. merchants who are worried the app may be banned. (The Information)

Consolidation may be coming to the oil patch. Exxon Mobil’s hunt for a blockbuster deal in U.S. shale could kick off a gusher of acquisition activity in the region, and add new upheaval in global energy supply chains. The WSJ’s Benoît Morenne and Collin Eaton report the oil giant has been on the prowl in the Permian Basin and that it has held preliminary talks with Texas fracker Pioneer Natural Resources. A transaction would send the strongest signal yet that drillers in the hottest U.S. oil field are set to bulk up through acquisitions. That may lead to new exploration and drilling in a sector that has been marked by fiscal restraint amid broader volatility in oil markets. One expert says a move by an oil major on a Permian company could “ignite a speculative boom” in the region, potentially pushing more crude into domestic and export markets.

• Average diesel prices across the U.S. fell for the eighth straight week and are down by $1.243 a gallon since mid-October. (Fleet Owner) 

The International Monetary Fund says global economic growth will slow to 2.8% this year from 3.4% in 2022. (WSJ)

China’s consumer inflation eased for the second straight month in March despite signs of a pickup in the economy. (WSJ)

Boeing delivered 130 jets in the first quarter, outpacing the 123 deliveries by Airbus. (MarketWatch)

Glencore amended its roughly $23 billion offer for Teck Resources to allay concerns over the commodities giant’s thermal coal business. (WSJ)

The flow of U.S.-made semiconductors into Russia has surged despite Washington’s sanctions. (Nikkei Asia)

The White House is launching an effort to combat the supply chain for fentanyl and other illicit synthetic drugs. (ABC)

Cosco Shipping Holdings expects first-quarter profit to fall 75% to about $1 billion. (Lloyd’s List)

The National Labor Relations Board ruled against the longshore union in a dispute over business at the Port of Seattle. (Journal of Commerce)

Target is adding two Houston-area distribution centers measuring more than 1.2 million square feet apiece. (Houston Chronicle)

Toyota’s distribution arm is consolidating operations and expanding capacity at Florida’s Port of Jacksonville. (Supply Chain Dive)

Maritime software company Veson Nautical is buying online ship valuation firm VesselsValue. (Seatrade Maritime)

Japanese shipping company Kumiai Senpaku ordered 10 large multipurpose cargo vessels from China State Shipbuilding. (Maritime Executive)

Electric truck maker Nikola submitted plans for a hydrogen production plant in Buckeye, Ariz. (Business Journals)

Teamsters drivers ended strikes against food distributor Sysco in Louisville, Ky., and Indianapolis. (Fox59)

Truckstop operator Pilot named Adam Wright CEO and Joe Lillo CFO under the new ownership of Berkshire Hathaway. (Commercial Carrier Journal)

Paul Page is editor of WSJ Logistics Report. Reach him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on Twitter at @WSJLogistics.