The Federal Reserve lifted interest rates by 0.75 percentage point and signaled plans to keep raising them. (WSJ)
Chinese authorities imposed wider anti-Covid lockdowns at the industrial park where Foxconn manufactures iPhones. (WSJ)
A shake-up of Mexican trade officials has clouded prospects for a quick resolution of a dispute with the U.S. and Canada. (WSJ)
CVS Health and Walgreens agreed to pay more than $10 billion to resolve opioid-crisis lawsuits brought by states, cities and other governments. (WSJ)
Boeing expects to generate about $100 billion in annual sales by 2025 or 2026. (WSJ)
Leaders of the American Airlines pilots union rejected a contract proposal that included pay raises of about 20% over two years. (WSJ)
Vesta Holdings filed for bankruptcy protection and plans to sell assets that include marine and cargo insurance provider Summit Risk Advisors. (WSJ)
British prosecutors are seeking more than $200 million in penalties from commodities trader Glencore to resolve a probe into bribery in Africa. (WSJ)
Ford’s U.S. sales fell 10% last month because car deliveries to dealers were delayed. (CNBC)
The U.K. Department for Transport named Baroness Vere of Norbiton minister responsible for the maritime sector. (Lloyd’s List)
Container dwell times are growing at Canada’s Port of Vancouver amid congestion in rail networks. (Journal of Commerce)
Ardmore Shipping is buying five tankers and starting to pay dividends after swinging to profitability last quarter. (TradeWinds)
Kansas City Southern is starting construction of a second rail bridge between Laredo, Texas, and Nuevo Laredo, Mexico. (Railway Age)
Trucking experts don’t expect tight diesel supplies to have a big impact on the market. (Commercial Carrier Journal)
Fleet maintenance costs at Covenant Logistics rose 50% to $7.5 million last quarter. (Transport Dive)
Ryder System acquired fulfillment services provider Dotcom Distribution. (DC Velocity)
Tupperware Brands warned it may go out of business. (MarketWatch)
Flower growers say demand skyrocketed during the pandemic. (Winsight Grocery Business)
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