Bed Bath & Beyond is sending warning shots across the container shipping sector. The bankrupt retailer is seeking tens of millions of dollars from two shipping lines, the WSJ Logistics Report’s Paul Berger writes, claiming the carriers abandoned service commitments during the pandemic-driven supply-chain turmoil while pocketing record profits from skyrocketing spot-market rates. Bed Bath & Beyond accuses Orient Overseas Container Line in a filing with U.S. regulators of “brazen price gouging and profiteering.” The company is asking $31.7 million from OOCL and another $7.8 million from Taiwan’s Yang Ming. That’s a sharp escalation from the claims other shippers such as South Korea’s Samsung Electronics have made, largely over the detention fees that were imposed at congested terminals. Bed Bath & Beyond is winding down its business, however, highlighting the high stakes and potentially hefty costs that arise when supplier disputes get entwined with bankruptcy proceedings.

• Net profit at container line Ocean Network Express fell 10% to about $14.9 billion in the year ending March 31. (Port Technology)

Uber Technologies’ Freight business is driving in the ride-sharing company’s slow lane. Revenue at the freight brokerage fell 23% in the first quarter to $1.4 billion, and the business fell to a $23 million loss, based on earnings before interest, taxes, depreciation and amortization, after reporting a slim profit the year before and an $8 million loss in the fourth quarter. The WSJ’s Dan Gallagher reports in a Heard on the Street column that the Freight results are a contrast with a strong rebound in the core passenger business and with the growing Uber Eats unit, which reported improving revenue and stronger margins. Uber CFO Nelson Chai chalks up the poor performance to an “oversupplied market” following the pandemic but notes the company raised external capital for Freight and funds it separately. The unit cut about 150 people, or roughly 3% of its staff, earlier this year.
 

• Freight brokerage RXO’s adjusted net income fell to $13 million in the first quarter from $45 million last year. (Dow Jones Newswires)

U.S. layoffs rose sharply in March and job openings dropped, signs that demand for workers is cooling. (WSJ)

Orders for U.S. manufactured goods rose 0.9% in March following two straight declines. (MarketWatch)

A measure of U.S. factory activity remained in contraction in April for the sixth month in a row. (MarketWatch)

Ford swung to a $1.8 billion first-quarter profit. (WSJ)

Indian passenger airline Go First filed for bankruptcy protection, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet. (Time of India)

WorldACD says overall air cargo volume declined 11% in the first quarter. (Air Cargo Next)

Toyota-affiliated supplier Jtekt is funding a venture developing a "flying minitruck" drone for airlifting cargo to hard-to-reach areas. (Nikkei Asia)

General Dynamics says late parts shipments from Honeywell contributed to late aircraft deliveries last quarter. (Supply Chain Dive)

A tanker that exploded and caught fire off the coast of Malaysia was stripped of its flag three times in 16 months following claims of trading sanctioned Iranian crude. (TradeWinds)

Scorpio Tankers swung to a $193.2 million first-quarter profit as vessel revenue more than doubled to $384.4 million. (ShippingWatch)

FedEx Freight is closing 29 less-than-truckload locations and furloughing an unspecified number of workers. (DC Velocity)

Truck engine maker Cummins raised its full-year outlook after reporting record first-quarter earnings. (MarketWatch)

Seven freight firms joined a consortium seeking to develop standards for truck appointments scheduling. (Supply Chain Quarterly)

Electric-truck maker Nikola will work with startup Voltera to open 50 hydrogen charging stations in the U.S. over the next five years. (Forbes)

First-quarter profit at Expeditors International of Washington fell nearly 35% to $226 million as ocean freight and services revenue dropped 65%. (MarketWatch)

Dollar Tree named Mike Kindy, a former executive at ConAgra Foods, Safeway and Dollar General, as its chief supply chain officer. (Retail Dive)

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.