Today’s Logistics Report: Baltimore Port Sets Reopening Plan; China’s Export Flows are Shifting

Initial U.S. unemployment claims jumped to the highest level in nine months. (MarketWatch)

The U.S. Senate approved a $105 billion civil aviation bill that includes funds for airport upgrades and provisions addressing airline safety. (WSJ) 

Nissan expects its global car sales to rise 7.5% this year. (WSJ)

India is bringing greater capacity and efficiency to its ports as the country bids for a bigger role in global supply chains. (The Economist)

Tankers carrying Russian refined oil products are being held at sea due to caution among South Korean buyers. (TradeWinds)

Clarkson Research says Chinese shipyards accounted for 76% of all new vessel orders in April. (Maritime Executive)

China Merchants Shipping is buying up to 18 new dry-bulk ships from Chinese shipyards. (Splash 247)

Large truckload carriers are cutting capacity at a rapid pace as rates in the sector keep falling. (Journal of Commerce)

Daimler Truck plans to introduce an autonomous heavy-duty truck by 2027. (The Verge)

Automotive transport supplier Proficient Auto Logistics raised $215 million in its initial public offering. (Bloomberg)

Freight forwarder Yusen Logistics acquired Benelux-focused service-parts logistics provider Parts Express. (Automotive Logistics)

Freight forwarder Expeditors International’s first-quarter earnings fell 25% as revenues declined 15% despite higher ocean and airfreight volumes. (Air Cargo Next)

Italian sweets maker Ferrero opened a factory in Illinois that is its first chocolate processing site in North America. (Logistics Manager)

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