Activity in the U.S. private sector slowed in April amid signs of a pickup in other leading economies. (WSJ)
Sales of newly-built homes in the U.S. rose in March at the fastest pace since December 2022. (MarketWatch)
Mattel’s sales slipped 1% in the first quarter as the boom from last year’s “Barbie” movie faded. (WSJ)
U.K. retailer JD Sports is stepping up its push into the U.S. with the acquisition of Alabama-based Hibbett. (WSJ)
Apple’s smartphone sales in China dropped 19% in the first quarter. (WSJ)
Apple is increasing the number of its suppliers from China despite efforts to diversify its supply chain. (South China Morning Post)
Baltimore is suing the owner and operator of the Dali containership that crashed into the Key Bridge, saying it had “an incompetent crew” and set sail despite receiving warnings. (The Guardian)
Mitsui & Co. will participate in a $7 billion liquefied natural gas project in the United Arab Emirates. (Nikkei Asia)
Western Mediterranean container ports are swamped with boxes as diverted Red Sea traffic hits their yards. (Financial Times)
The Port of New York and New Jersey handled more than 35,000 containerized vehicles last year, 10 times the number it handled in 2022. (Automotive Logistics)
Container traffic through Mexico’s ports is surging, boosted by nearshoring trends and trade with the U.S. (The Loadstar)
Abu Dhabi’s AD Ports will invest up to $379 million in Angola’s main port under a multiyear operating agreement. (Splash 247)
Expedited trucker Forward Air named Shawn Stewart, a former senior executive at Ceva Logistics, as CEO. (MarketWatch)
High-end appliance retailer Pirch filed for chapter 7 liquidation after halting its business last month. (Orange County Register)
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