A gauge of activity in China’s services sector reached its highest level in more than a decade in March. (WSJ)
New filings for unemployment claims in the U.S. remained near historic lows. (WSJ)
The U.S. gross domestic product growth rate for the fourth quarter was reduced to 2.6%. (MarketWatch)
The European Union’s top official said China is seeking a new international order with Beijing as the dominant player. (WSJ)
Bed Bath & Beyond dropped a fundraising deal with Hudson Bay Capital Management and launched an effort to sell stock in the open market. (WSJ)
Manufacturers in sectors including autos, machinery, defense and non-residential construction are still grappling with tight supplies of components and materials. (Reuters)
Alibaba’s Cainiao logistics arm is gearing up for an initial public offering in Hong Kong. (Bloomberg)
Armstrong & Associates estimates the global market for third-party logistics services grew 14.5% last year to $1.47 trillion. (Supply Chain Quarterly)
Lawmakers in Washington introduced legislation aimed at reducing China’s influence in international shipping. (Splash 247)
The number of older tankers sold last year surged amid rising crude shipping rates. (TradeWinds)
Maersk-affiliated APM Holding acquired South African refrigerated transport specialist Vector Logistics. (ShippingWatch)
AirBridgeCargo Airlines plans to resume service in June with Russian freighters while its Boeing planes remain grounded. (The Loadstar)
Japan’s Tokyo Narita International Airport is building a $2.7 billion cargo facility. (Air Cargo Next)
Lone Star Express is expanding its regional parcel capacity amid concerns over potential labor disruption at United Parcel Service. (Supply Chain Dive)
Pittsburgh-based restaurant and food logistics operator Armada Supply Chain Solutions acquired St. Louis-based Sunset Transportation. (Business Journals)
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