Today's Logistics Report was written by Paul Berger.

The agency charged with fighting crime for more than six decades at the U.S. East Coast’s busiest port appears to be on its way out. The U.S. Supreme Court in a unanimous decision ruled that New Jersey can withdraw from the Waterfront Commission of New York Harbor over the objections of the state of New York. The WSJ’s Jess Bravin reports that the decision augurs the beginning of the end for the agency which was established in 1953 following reports of racketeering that inspired the Marlon Brando movie “On the Waterfront.” New Jersey says it is withdrawing because most cargo-handling activity at the Port of New York and New Jersey takes place in its jurisdiction and its state police force can take over its crime-fighting duties. New Jersey’s governor says he’ll now work with New York on “a swift and orderly dissolution” of the bi-state agency.

A global shortage of copper is threatening the transition to green energies. The red metal is used in products ranging from electric vehicles to solar panels. But the WSJ’s Yusuf Khan reports that not enough new mines are being brought online to raise output as countries build out electric grids and drivers buy more electric vehicles. Consulting firm McKinsey & Co. forecasts an annual copper shortfall of 6.5 million tons in 2031 as annual demand reaches 36.6 million metric tons, up from 25.3 million tons in 2021. Copper mines in some South American countries such as Peru and Chile are slowing operations after protests from community groups over issues ranging from worker safety to rising governmental control over mine assets. Analysts say copper prices would need to rise to $15,000 a metric ton, up from $9,000 today, to attract investment in new mines.

A plan to force businesses to disclose their carbon emissions and other climate data is triggering a bitter fight among companies. Businesses are sharply divided on almost all aspects of proposed Securities and Exchange Commission rules, with some arguing that climate disclosure can boost profits while others see it as costly, complicated and useless. The WSJ’s Shane Shifflett and Jean Eaglesham report the SEC is expected to finalize the rules in coming months, and faces an almost certain barrage of criticism and potential lawsuits. The dividing lines are often surprising, with companies staking out opposing positions from their competitors and businesses sometimes at odds with their trade groups. The rules would require some businesses to produce data they have never calculated before, such as the carbon footprint of faraway suppliers. Companies including United Airlines and United Parcel Service support Scope 3 climate disclosures, which cover emissions produced by suppliers.

• The European Union’s parliament approved legislation to tax imports based on the greenhouse gasses emitted to make them. (WSJ)

Construction of new homes in the U.S. fell 0.8% in March. (MarketWatch)

China’s retail sales jumped 10% in March from a year earlier. (WSJ)

CMA CGM is in exclusive talks to buy Bollore’s logistics and transportation business for about $5.5 billion. (Dow Jones Newswires)

Warehouse giant Prologis raised its earnings and occupancy outlook despite some moderation in terms of decision-making. (WSJ)

The Canadian government plans to seize an Antonov AN-124 freighter that’s been stranded in Toronto for more than a year and give it to Ukraine. (WSJ)

Supply-chain snarls are hindering efforts to produce more arms for Ukraine and refill stocks for the U.S. and its allies. (WSJ)

Johnson & Johnson raised its full-year outlook after revenue rose 5.6% in the first quarter. (WSJ)

An alleged Hezbollah financier was charged with a scheme to illegally import and export hundreds of millions of dollars worth of fine art and diamonds. (WSJ)

Dell Technologies CEO Michael Dell says he is “intently focused” on buying components from outside China due to growing concern over supply-chain disruptions. (Financial Times)

BMW’s CEO says the automaker is much more focused on upstream companies in its supply chain since the pandemic. (Bloomberg)

HSBC bank believes container rates have hit bottom and are starting to recover. (Shipping Watch)

First quarter container throughput at Belgium’s Port of Antwerp-Bruges fell 4.5% from last year. (Seatrade Maritime News)

Tank-container services company Bassao Global bought bulk tank truck operator Linden Bulk Transportation. (Commercial Carrier Journal)

The WSJ Risk & Compliance Forum on May 9 will include an interview with Matthew Axelrod, assistant secretary for export enforcement at the U.S. Department of Commerce’s Bureau of Industry and Security, and the official leading efforts to enforce export controls on Russia and China. You can register here.

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.