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BALTIMORE — The U.S. Coast Guard prepared a second attempt to free a stranded container ship March 30, more than two weeks after it ran aground in the Chesapeake Bay.

Global supply strains that started to ease in early 2022 are worsening again as headwinds strengthen from the war in Ukraine and China’s COVID lockdowns, threatening slower growth and faster inflation across the global economy.

FedEx Corp. founder Fred Smith is stepping down as CEO of the company and transferring the leadership post to Raj Subramaniam, who currently serves as president and COO, the company announced March 28. Smith will remain as executive chairman.

The Ever Forward, a 1,095-foot cargo carrier with more than 4,000 full shipping containers, is the largest ship to have ever run aground in the Chesapeake Bay, and freeing it is an arduous and cumbersome process. The first attempt to refloat the ship will begin at noon March 29.

Becker Logistics has acquired third-party logistics company Trek Freight Services, it was announced March 28.

Amazon .com Inc. shares rallied March 28, with the e-commerce giant becoming the first of megacap tech stocks to erase losses for the year.

One of the largest commuter railroads in the country is objecting to the proposed $31 billion merger between Class I freight rail carriers Canadian Pacific Railway and Kansas City Southern.

XPO Logistics Inc. announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million.

Sen. Elizabeth Warren (D-Mass.) blamed rising U.S. inflation in part on the largest ocean shipping companies, calling “the anti-competitive nature” of the industry the root cause of soaring prices to transport goods around the global economy.