Job growth in the U.S. slowed and unemployment ticked higher last month. (WSJ)
A measure of U.S. service-sector activity fell into contraction in April. (MarketWatch)
Cocoa prices fell nearly 29% over the past week to levels not seen since mid-March. (WSJ)
Daimler Truck’s adjusted operating profit in North America rose 7% last quarter. (WSJ)
Retailer Rue 21 filed for bankruptcy for the third time and plans to close its stores and sell its brand name. (WSJ)
Nippon Steel postponed the closing of its $14.1 billion takeover of U.S. Steel by three months after regulators requested more documentation. (Associated Press)
Sri Lanka’s Port of Colombo is seeing strong growth in transshipment volumes because of vessels rerouting around the Red Sea. (Lloyd’s List)
XPO’s operating income in its core less-than-truckload business jumped nearly 50% to $175 million on rising shipment levels and stronger pricing. (Trucking Dive)
Part of Interstate 95 in Connecticut will remain closed for days to demolish an overpass that was heavily damaged by a gasoline tanker fire. (WABC)
Texas-based trucker Arnold Transportation laid off its workers and ceased operations. (Truck News)
A digital freight marketplace signed truck drivers in China to a first-of-its-kind nationwide contract. (South China Morning Post)
U.K. grocery chain Tesco is seeking damages from Scania over alleged anti-competitive actions by the truck maker. (Motor Transport)
CBRE says leasing activity for warehouses greater than 200,000 square feet fell 15.8% last year and the average vacancy rate doubled. (Logistics Management)
Fulfillment provider Airhouse undertook “a major layoff” and transferred an unspecified number of customers to third-party providers. (Supply Chain Dive)
South Korea is cracking down on “shrinkflation” with an order that suppliers must inform shoppers of any reduction to product sizes. (Financial Times)
Papa John’s International named Kurt Milburn chief supply chain officer on the retirement of Shane Hutchins. (Chain Store Age)
Read More: World News | Entertainment News | Celeb News
WSJ
