Orders for durable goods in the U.S. increased 0.8% in March following a 1.7% drop in February. (WSJ)
Ford is starting to bring its all-electric F-150 pickup off the assembly line in a major step toward electrification. (WSJ)
Agricultural trader Archer Daniels Midland is projecting tight crop supplies in the coming years. (WSJ)
Quarterly revenue at PepsiCo’s North American snacks unit rose 14% on a 1% gain in sales volume. (WSJ)
Semiconductor supplier Wolfspeed opened a plant in New York state aimed at compressing chip supply chains for U.S. auto makers. (Automotive Logistics)
India is in talks with global chipmakers about setting up manufacturing in the country. (Bloomberg)
The owners of JCPenney are offering to acquire Kohl’s in a deal that could value the department-store chain at some $8.6 billion. (New York Post)
Furniture importers are spreading out their suppliers to guard against disruptions. (Supply Chain Dive)
Export bookings at the Port of Shanghai have fallen more than 20% since mid-March. (Lloyd’s List)
Export delays at China’s Port of Ningbo-Zhoushan are growing as more cargo is diverted from Shanghai. (Journal of Commerce)
Truck maker Paccar’s first-quarter profit jumped 28% to $600.5 million as strong parts business drove an 11% gain in revenue. (MarketWatch)
U.K. retailer Tesco and Marshall Fleet Solutions will test the use of trucks powered by solar panels on trailer roofs. (Logistics Manager)
Freight forwarder Kuehne + Nagel’s first-quarter profit more than doubled to $348 million as net turnover jumped 23%. (ShippingWatch)
Air Canada is buying two factory-built Boeing 767-300 freighters after cargo revenue rose 42% in the first quarter. (Air Cargo News)
Facebook owner Meta is opening a store in Burlingame, Calif. (Retail Dive)
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