The U.S. is leaning on Europe to help defend against a surge of Chinese exports, trying to rally allies that hold distinct views of how to respond to Beijing’s economic might. (WSJ)
The Macy’s department-store chain raised its outlook after reporting a better-than-expected 2.7% decline in first-quarter sales. (WSJ)
Comparable-store sales at home-improvement retailer Lowe’s fell 4.1% last quarter. (WSJ)
Hamid Moghadam of Prologis was the highest-paid CEO in a logistics-related business in a Journal analysis of executive pay and the seventh-highest overall, with $50.89 million in annual compensation. (WSJ)
The New York Fed says about a third of services companies and nearly half of manufacturers still report difficulties obtaining supplies. (Bloomberg)
Drug maker AstraZeneca is building a separate Chinese supply chain to try to circumvent increased US-China tensions. (Financial Times)
A federal measure of trucking pricing showed truckload rates fell 4.4% in the first four months of 2024 while less-than-truckload prices rose 8.2%. (Trucking Dive)
Expedited trucker Forward Air named Jamie Pierson as interim CFO after Rebecca Garbrick announced her departure. (Dow Jones Newswires)
The head of Tesla’s Semi program says another 50 of the electric heavy-duty trucks are on their way to PepsiCo, the sole fleet with the big rigs. (Commercial Carrier Journal)
Container shipping lines are restricting freight forwarders’ access to fixed-rate bookings in new trans-Pacific contracts. (Journal of Commerce)
Israeli container carrier Zim swung to a $167 million operating profit in the first quarter as revenue jumped 14%. (The Loadstar)
South Carolina’s Port of Charleston delayed opening for a second straight day after a software malfunction. (Post and Courier)
Port of Los Angeles chief Gene Seroka says growing shipments from China into Mexico don’t pose a significant threat of lost volume for the U.S. port. (AJOT)
Chemical shipper Stolt-Nielsen agreed to pay $290 million to settle claims over a deadly explosion on a Mediterranean Shipping vessel 12 years ago. (TradeWinds)
Walmart says it improved its net cost per delivery of consumer orders by 40% over the past 12 months. (Supply Chain Dive)
Yamaha Motor is looking to revive its new-businesses segment by focusing on logistics services in emerging markets. (Nikkei Asia)
U.K. trucker John Jempson and Son is liquidating after 150 years in business and transferring staff to XPO Logistics. (Motor Transport)
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