The U.S. Federal Reserve raised its benchmark interest rate by half a percentage point. (WSJ)
U.S. imports by value jumped 10.3% in March while exports increased 5.6%. (WSJ)
A gauge of U.S. service-sector activity slipped last month on labor and supply shortages. (MarketWatch)
Uber’s Freight unit showed its first measure of profitability since the ride-hailing company launched the freight brokerage. (Dow Jones Newswires)
Tupperware Brands withdrew its guidance as quarterly sales fell and logistics and raw materials costs rose. (WSJ)
American importers accuse container lines of profiteering by ignoring contract terms to seek higher prices on shipping’s spot markets. (New York Times)
Tesla is adding a second assembly line near its Shanghai factory that will make the city the auto maker’s largest export hub. (South China Morning Post)
Norman Mineta, a longtime transportation and infrastructure advocate in Congress who was the longest-serving secretary of Transportation, died at 90. (Washington Post)
The International Air Transport Association says global airfreight demand fell 5.2% in March. (Air Cargo News)
TuSimple and Union Pacific are pushing back plans to begin freight movements in southwestern states with autonomous trucks. (Trains)
Amazon plans to export $20 billion worth of goods from India by 2025, up from its initial $10 billion goal. (TechCrunch)
Indian e-commerce company Flipkart will open its eKart Logistics arm to businesses outside its own platform. (Financial Express)
U.K. online clothing retailer Boohoo warned that revenue growth might halt the first half of the year. (Bloomberg News)
A backup at South Caroline’s Port of Charleston that had reached 27 container ships is down to five vessels. (Journal of Commerce)
First-quarter gross profit at Cosco Shipping Ports increased 31% to $80.9 million. (Port Technology)
Industrial real estate construction in the U.S. rose 48% year-over-year in the first quarter as the national vacancy rate fell to a 27-year low. (Supply Chain Quarterly)
Paints supplier Sherwin-Williams is deploying a private truck fleet to speed up raw materials deliveries. (Supply Chain Dive)
A French startup managed by twin brothers is ferrying wine and chocolate shipments across the Atlantic in a cargo sailboat. (New York Post)
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