China’s year-over-year export growth pulled back sharply last month to 3.9%. (WSJ)
XPO Logistics named Drew Wilkerson chief executive of the freight brokerage business it is spinning off as a separate company. (WSJ)
Shanghai authorities are again tightening Covid-19 restrictions, sparking a new wave of frustration in the city. (WSJ)
Ford has sold off about 8% of its stock holdings in electric-vehicle startup Rivian Automotive. (WSJ)
Quarterly profits at Tyson Foods soared as the company raised prices to cover higher costs. (WSJ)
Vietnam’s clothes and shoe factories are facing shortages of materials because China’s Covid-19 lockdowns are restricting key suppliers. (Bloomberg)
Cotton prices soared to an 11-year high on fears of a possible export ban by India and a severe drought hitting U.S. yields. (Nikkei Asia)
Sea-Intelligence says global container freight demand declined 2.9% in March from a year ago. (ShippingWatch)
Japanese shipping lines cut their earnings outlooks after reporting robust fiscal year profits. (Lloyd’s List)
Braemer ACM says container shipping capacity on order is the highest on record. (Splash 247)
Tanker operator International Airways adopted a poison pill provision to block a prospective takeover by Frontline owner John Fredriksen. (TradeWinds)
Target elevated Chief Supply Chain and Logistics Officer Arthur Valdez to the retailer’s leadership team. (Supply Chain Dive)
Expedited operator Forward Air is buying Pacific Northwest port trucker Edgmon Trucking. (Dow Jones Newswires)
Invesco Real Estate and Barwood Capital plans to build up to eight last-mile warehouses in cities across the U.K. (Motor Transport)
Kraft Heinz will work with Microsoft to set up virtual supply chain operations in the metaverse to help solve problems. (CNN)
Packaging company Smurfit Kappa won certification as a vegan products supplier. (Logistics Manager)
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