Foxconn Technology Group is throwing a wrench into Lordstown Motors’ plan to bind together production and investment. Foxconn, the world’s biggest contract manufacturer for electronics, is trying to back out of its agreement to invest in the electric-vehicle startup. The WSJ’s Will Feuer reports the split raises the prospect the startup could seek bankruptcy protection just as it is trying to ramp up its assembly line for electric pickup trucks. The friction with Foxconn is the latest stumble for the aspiring auto manufacturer, which bought a closed auto factory from General Motors. Lordstown has faced delays in putting out its first model and coped with a cash crunch. Foxconn bought the plant in 2021 as it began looking at expanding into an increasingly technology-focused automotive sector. The deal that was supposed to provide a lifeline now threatens Lordstown with what it says is “becoming irreparable harm.”

• General Motors cut several hundred full-time contract positions primarily from its engineering hub outside Detroit. (WSJ)
• Auto parts supplier Bosch is buying chip maker TSI Semiconductors and will spend more than $1.5 billion to increase production at its California plant. (Automotive Logistics)
• Honda is overhauling its supply-chain strategy for electric vehicle production by ramping up battery investment and working directly with Taiwan Semiconductor Manufacturing. (Nikkei Asia)

About $800 million worth of products, from auto parts to toys and avocados, passed through Laredo, Texas, daily in 2022. That makes the border city one of the critical hubs in trade between the U.S. and Mexico, and a crucial site at the center of the nearshoring trend that is changing the direction of global trade. In a video report, the WSJ looks at the growing goods trade that moves across the city’s truck-filled highways and through its jammed warehouses, stark evidence of the broader trade trends. The business overtook trade volume at the ports of Los Angeles and Long Beach last October as manufacturing in nearby Mexican cities like Monterrey and Nuevo Leon expanded. Among the manufacturers pushing out goods are Chinese companies looking to avoid tariffs by locating production closer to U.S. customers.

• U.S. Bank says the U.S. Southwest saw a sharp upturn in trucking volumes in the first quarter, boosted by trade with Mexico. (Journal of Commerce)

Outlays for construction projects in the U.S. rose 0.3% in March. (MarketWatch)

South Korea’s exports fell 14.2% in April, in the seven straight monthly decline. (Dow Jones Newswires)

American Airlines pilots voted overwhelmingly to authorize union leaders to call for a strike. (WSJ)

A reorganized Revlon will emerge from bankruptcy under new ownership and a new board of directors. (WSJ)

Average logistics professionals’ salaries in a survey slipped 2.2% from last year and job satisfaction also dipped. (DC Velocity)

Japanese electronics maker Nikon is establishing a manufacturing base in California. (Manufacturing Dive)

Boeing is providing an advance payment and manufacturing and engineering assistance to address quality issues with 737 components. (Supply Chain Dive)

Industrial supplier W.W. Grainger raised its 2023 outlook after sales jumped 12.2% in the first quarter. (Industrial Distribution)

Evergreen Marine is preparing an order for 24 mid-size container ships with methanol fueling capability. (Splash 247)

Three crew members were missing after a mid-sized tanker caught fire off the coast of Singapore. (TradeWinds)

Union Pacific has significantly reduced its use of congestion-related embargoes that drew regulatory scrutiny last year. (Trains)

Canadian less-than-truckload carrier TFI International is buying Saskatchewan-based Siemens Transportation in its third acquisition of the year. (Dow Jones Newswires)

Knight-Swift Transportation shut down the National Tractor Trailer School driver training facilities the trucker acquired in 2019. (WSYR)

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.