Construction of new homes in the U.S. dipped 0.2% in April for the second month in a row. (MarketWatch)
The U.K.’s annual rate of inflation jumped to a 40-year-high in April. (WSJ)
The Biden administration is invoking the Defense Production Act to increase production of baby formula and will use commercial aircraft to pick up overseas formula. (WSJ)
New York state is accusing Amazon of discriminating against pregnant and disabled workers at its worksites. (Reuters)
Shipping line Zim raised its earnings guidance after concluding trans-Pacific contracts at sharply higher than expected rates. (TradeWinds)
Intra-Asia carriers are posting record first-quarter profits as larger carriers shift their capacity into major trade lanes. (Journal of Commerce)
Notarc Management and a unit of Mediterranean Shipping Co. will take over the ongoing construction of a $1.4 billion container port at the Panama Canal. (AJOT)
Air Canada will stop operating virtual freighters with cargo in the main cabins of passenger aircraft. (Air Cargo News)
Florida-based freight broker Fox Logistics is acquiring freight automation platform Boxton. (DC Velocity)
Outdoor recreation retailer REI named former TireHub executive Sylvia Wilks as its chief supply chain officer. (Supply Chain Dive)
Dollar Tree named John Flanigan, a head of supply chain at rival discount retailer Discount General, as its chief supply chain officer. (Supermarket News)
Fashinza, a supply-chain marketplace for fashion brands, raised $100 million in a Series B funding round. (TechCrunch)
A global shortage of Rolex watches is spreading to other luxury watch brands. (Bloomberg)
CORRECTION
The Cass Freight Index declined 0.5% year-over-year in April. Wednesday’s newsletter listed the incorrect data on the measure of U.S. freight shipments.
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