The index of U.S. producer prices rose a more-than-expected 0.5% in April. (MarketWatch)
Sales at the wholesale level in Canada fell 1.1% in March. (Dow Jones Newswires)
Alibaba’s net profit tumbled 86% last quarter despite rising e-commerce sales and a 30% gain in logistics revenue. (WSJ)
Uber Technologies acquired Delivery Hero’s Taiwanese food delivery business for $950 million and will take a stake in the German company. (WSJ)
Retailer Home Depot’s comparable-store sales in the U.S. declined 3.2% in the quarter ending April 28. (WSJ)
Federal regulators are looking into Alphabet-owned Waymo following 22 reported incidents involving the unit’s automated-driving system. (WSJ)
Truck drivers at a logistics unit of Canadian National Railway ratified a four-year labor agreement. (WSJ)
Apple supplier Foxconn’s first-quarter profit of $679 million came in well below expectations. (South China Morning Post)
Surging container freight rates are fueling strong gains in shipping companies’ shares. (MarketWatch)
Linerlytica estimates factory production of shipping containers will more than double this year from 2023. (The Loadstar)
Tanker and bulk-ship operator Navios Maritime’s $71.5 million profit last quarter was its best ever for the first three months of the year. (TradeWinds)
A consortium of Japanese companies and a British utility are seeking to develop a biomass-fueled bulk ship. (Splash 247)
U.S. truck-safety regulators are easing requirements for under-21 drivers in an interstate pilot program. (Commercial Carrier Journal)
European Union countries approved a law requiring that most new heavy-duty trucks sold in the EU from 2040 be emissions-free. (Reuters)
New York City plans to develop a stretch of the Brooklyn coastline into a port. (Bloomberg)
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