Construction of new homes in the U.S. fell last month to the lowest level in four years. (MarketWatch)
New Zealand’s farm-rich economy exited recession in the first quarter. (WSJ)
Honeywell International is buying aerospace and defense technology company CAES Systems in a roughly $2 billion deal. (WSJ)
Private-equity firm Carlyle Group is expanding its energy assets with the acquisition of operations in Italy, Egypt and Croatia from Energean. (WSJ)
The European Union will bar Russian liquefied natural gas exporters from using European ports to transfer seaborne shipments. (Financial Times)
Dali crew members can go home under an agreement that allows lawyers to question them amid investigations of the deadly collapse of Baltimore’s Francis Scott Key Bridge. (Associated Press)
India’s government approved a $9 billion plan to build a container port on the west coast north of Mumbai. (Maritime Executive)
CMA CGM is preparing an approximately $3.5 billion order for 20 mid-size containerships at HD Hyundai shipyards. (TradeWinds)
South Korean conglomerate Hanwha is buying U.S. shipbuilder Philly Shipyard for $100 million in cash. (Splash 247)
Expedited trucker Forward Air is cutting another 150 jobs, including workers in sales and technology. (The Loadstar)
Canadian trucking group TFI International acquired food-grade tanker operator Entreposage Marco. (Trucking Dive)
Italy fined a local automobile company $6.4 million for illegally labeling vehicles from Chinese manufacturers as Italian made. (South China Morning Post)
Apparel companies including Gap and H&M joined an initiative aimed at cutting renewable-energy costs for tier 1 and tier 2 suppliers. (Supply Chain Dive)
Teamsters-represented workers launched a strike at two Southern California warehouses serving Smart & Final grocery stores. (Orange County Register)
Canadian supermarket chain Sobeys pushed back the opening of an automated fulfillment center built by online grocer Ocado. (Dow Jones Newswires)
Steffen Reiche will replace Josef Baumert as member of the Volkswagen Commercial Vehicles management board responsible for production and logistics. (Automotive Logistics)
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