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China’s imports tumbled in May and a surprise rise in exports wasn’t enough to dispel concerns that the economic dispute with the U.S. will intensify and damage the global economy.

Penske Logistics has opened a 606,000-square-foot refrigerated distribution center in Romulus, Mich.

Masterpiece International will exclusively distribute Turtle crates in the United States, Canada and Mexico through Turtle North America, the company said.

President Donald Trump said he would drop plans for tariffs on Mexico that he’d been threatening to impose for the past week after the country promised new steps to stem an influx of illegal migration into the U.S.

FedEx Corp. said June 7 it wouldn’t renew its U.S. air-delivery contract with Amazon.com, paring a key customer relationship as the largest online retailer deepens its foray into freight transportation.

President Donald Trump said there’s a “good chance” the United States will reach agreement to avert imposing trade tariffs on Mexico slated to take effect June 10, and that the deal would require the country to buy more U.S. agricultural products.

Ford Motor Co. would feel a serious impact if tariffs are levied on the cars, engines and transmissions it imports from Mexico, but a top executive at the automaker expressed optimism the trade dispute can be resolved without lingering damage.

Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months.

Federal officials continue to monitor central states that have been rocked by severe storms, which have damaged infrastructure and saturated swaths of farmland.

In 2014, Tradepoint Atlantic bought the waterfront Sparrows Point in Baltimore site for a bargain-basement price of $110 million. It’s now being turned into what will be more than a $2 billion multimodal facility serving the East Coast and Midwest.