Amazon.com on Aug. 21 opened its largest campus building globally in the south Indian city of Hyderabad as it prepares for a furious expansion and battle with nemesis Walmart Inc. in one of the world’s fastest-growing retail markets.

Recession fears may be mounting in certain parts of the U.S. economy, but Walmart Inc. and Target Corp. are signaling that the all-important American consumer is doing just fine.

Truck tonnage surged 7.3%, the largest year-over-year gain since April, compared with July 2018, according to American Trucking Associations.

President Donald Trump said the United States is “doing very well with China, and talking!” but suggested he wasn’t ready to sign a trade deal, hours after his top economic adviser laid out a potential timeline for the resumption of substantive discussions with Beijing.

Amazon.com Inc. is designating products sold by certain companies as “top brands,” a test that if widely implemented could ease tension between the online retail giant and big-name companies used to favorable positioning at brick-and-mortar retailers.

The 53-foot containers that are vital to the movement of goods into the United States from overseas have been removed from a list of items that would be subject to tariffs on goods arriving from China, the Office of the U.S. Trade Representative said Aug. 13.

C.H. Robinson Worldwide announced Mike Zechmeister will join the company as chief financial officer, effective Sept. 3.

UPS Inc. said PepsiCo executive Brian Newman will replace Chief Financial Officer Richard Peretz.