Proxy firm Institutional Shareholder Services endorsed Norfolk Southern’s CEO in the railroad’s battle with an activist investor. (WSJ)
A measure of U.S. consumer confidence fell in April to a 21-month low. (MarketWatch)
Labor costs for U.S. companies accelerated in the first quarter at the fastest pace in a year and a half. (MarketWatch)
China’s factory sector grew at a slowing pace in April. (WSJ)
Taiwan’s economy grew 6.5% in the first quarter on improving global demand for electronics. (WSJ)
Samsung Electronics’ quarterly profit more than quadrupled on a rebound in its semiconductor business. (WSJ)
Huawei Technologies’ net profit rose more than sixfold in the first quarter, helped by smartphone sales in China. (WSJ)
Australian low-cost passenger airline Bonza entered administration and suspended flights. (WSJ)
The U.S. Coast Guard plans to open a 45-foot-deep channel at the Port of Baltimore on May 10 following the removal of the damaged containership Dali. (gCaptain)
Yemen’s Houthis extended their reach by targeting a Mediterranean Shipping containership in the Indian Ocean. (Reuters)
The CEO of Wallenius Wilhelmsen says a wave of new car-carrying vessels will soon flood ports with vehicles. (Financial Times)
Container lines are launching direct services between Asia and Mexico to target growing investment in the country by Chinese companies. (Journal of Commerce)
Ocean Network Express is projecting improved earnings this fiscal year after swinging to a $356 million profit in the fourth quarter. (Seatrade Maritime)
China’s Cosco Shipping started operating an electric containership between Shanghai and Nanjing. (Times of India)
First-quarter operating profit at ArcBest’s trucking business rose to $53.5 million as improved pricing offset declining revenues and shipments. (Arkansas Business)
Automotive transport roll-up Proficient Auto Logistics hopes to raise roughly $195 million to $225 million through an initial public offering. (Dow Jones Newswires)
Regional grocer H-E-B plans to build a large campus of distribution facilities in the Houston area. (Houston Chronicle)
The city of Hamburg, Germany, is pleading with port workers to not cooperate with drug smugglers. (Maritime Executive)
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