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.

The U.S. trade deficit narrowed in April as exports and imports tumbled, highlighting the impact of President Donald Trump’s tariffs even before negotiations with China unraveled and he threatened levies on Mexican goods.

Port Tampa Bay completed a $63 million expansion of its Big Bend Channel a year ahead of schedule, port officials said, as the Sunshine State eyes grabbing more freight from shippers while serving a growing distribution corridor in Central Florida.

Republican lawmakers eager to halt a new round of tariffs on Mexican goods next week have spent days urging the Trump administration to negotiate a solution with Mexico’s government.

Volkswagen AG’s main car brand will let lapse as many as 4,000 general and administrative jobs while adding at least 2,000 IT positions over the next four years, avoiding layoffs at its German factories as it negotiates a major shift toward electrification and self-driving cars.

The largest U.S. automaker can’t get a pass on tariffs snagging one of its models. The Trump administration refused to grant General Motors Co. an exclusion for its Chinese-built Buick Envision SUV, keeping in place a 25% duty on the import.

Ryder Fleet Management Solutions, a unit of Ryder System Inc., appointed Rich Mohr chief technology officer.

General Motors Co. and Fiat Chrysler Automobiles NV disclosed to the state of Delaware earlier this year that they reached agreements to buy federal greenhouse gas credits from Tesla.