Prologis bumped up its full-year earnings guidance as quarterly revenue rose, saying leasing activity is picking up after three years of slow demand.

The world’s No. 1 owner of industrial real estate says the market is at an inflection point, with greater willingness from customers to make leasing decisions, the WSJ Logistics Report’s Liz Young writes. Leasing activity was slow as companies paused decisions following a period of frenzied warehouse expansion during the pandemic.

Now, more tenants are signing deals for new space. The San Francisco company also has been building more data centers, and says it can build both massive centers for specific tenants and buildings that power AI inference, or the processing of user queries and prompts.

• J.B. Hunt Transport Services posted profit ahead of market estimates on income gains in its intermodal business and dedicated contract services, though final-mile and truckload income fell. (WSJ)

An Nvidia-backed AI startup plans to build a huge data-center complex with CoreWeave in West Texas that can generate its own power.

The Wall Street Journal’s Bradley Olson writes that the startup, Poolside, is joining with the cloud-infrastructure provider on a plan to build the data center on more than 500 acres of ranchland. The companies aim to take advantage of natural gas produced in the Permian Basin, the center of U.S. drilling activity.

They are betting that the Horizon project’s proximity to gas could cut costs and beef up the data center’s long-term viability. While many operators moved quickly to secure access to chips needed for AI models, the U.S. has a shortage of data centers, and it isn’t certain whether many will have sufficient power and water to operate without straining local resources.

• BlackRock’s new AI-infrastructure consortium agreed to acquire Aligned Data Centers from Macquarie Asset Management in a deal valuing the company at about $40 billion. (WSJ)
• Oracle’s new dual CEOs defended the company’s massive new investment in data centers, saying it will make AI useful for businesses. (WSJ)
• ASML Holding, a Dutch maker of chip-making tools, posted third-quarter orders of $6.27 billion, well up from a year earlier. (WSJ)

China’s leader, Xi Jinping, is betting the U.S. economy can’t absorb a prolonged trade conflict with the world’s second-largest economy, according to people close to Beijing’s decision-making. The Journal’s Lingling Wei and Gavin Bade write that China is holding a firm line because of its conviction, the people said, that an escalating trade war will tank markets, as it did in April after Trump announced his Liberation Day tariffs.

China expects that the prospect of another market meltdown ultimately will force Trump to negotiate at an expected summit with Xi late this month, the people said. Both sides have vacillated between tough talk and de-escalation in recent days, but the rhetoric took a harder turn on Tuesday. China’s Commerce Ministry accused the U.S. of “double standards” regarding tariff threats and it vowed that China would “fight to the end” in the trade dispute.

• China’s downward price pressures eased slightly in September, but not as much as expected, as Beijing ramps up efforts to curb excess capacity and bolster domestic demand. (WSJ)
• Treasury Secretary Scott Bessent said the U.S. is on the brink of finalizing new terms on a trade deal with South Korea, and said negotiations with Canada were back on track. (WSJ)
• Trump said Indian Prime Minister Narendra Modi told him he plans to pause purchases of Russian oil. (WSJ)

• Employers' appetite for hiring has continued to look sluggish across much of the U.S. since early September, according to the Fed’s Beige Book. (WSJ)
• Eurozone industrial production decreased by 1.2% in August, following a 0.5% increase in July. (WSJ)
• The tentative recovery in Canadian manufacturing stumbled in August, with factory sales falling 1% from July. (Dow Jones Newswires)
• New York State’s factory activity unexpectedly increased in October, with the manufacturing index rising 19.4 points to 10.7. (WSJ)
• Whirlpool will spend $300 million to update two Ohio factories where it makes washers and dryers, as tariffs mount on competitors. (WSJ)
• Processing equipment and systems maker Hillenbrand agreed to be acquired by private-equity firm Lone Star Funds for about $2.25 billion. (WSJ)
• Hyundai plans to invest about $5 billion over five years to establish India as a global export hub. (WSJ)
• Sweden’s Telefon AB L.M. Ericsson will receive $3 billion from Export Development Canada to speed development of AI and mobile-network technology. (WSJ)
• DHL Group plans to invest nearly $350 million in warehouses and other logistics infrastructure in Africa. (Bloomberg)
• Japanese auto-parts company Denso is selling its 20% stakes in four auto-filter makers in the U.S., China and Poland to Toyota Boshoku. (Nikkei Asia)
• A.P. Moeller-Maersk and Hapag-Lloyd shifted two U.S.-flagged ships away from China to South Korea to avoid new Chinese port fees. (Lloyd’s List)
• A backlog of ships waiting at Belgium’s Port of Antwerp-Bruges will take days to clear after harbor pilots temporarily suspended a strike. (World Cargo News)
• Tankers are being diverted from China’s port of Lanshan after the U.S. imposed sanctions on the Rizhao Shihua Crude Oil Terminal there. (Reuters)
• Japanese carrier Ocean Network Express extended a partnership with Nike to use ONE's service to help clients manage greenhouse-gas emissions. (SupplyChainBrain)
• California Gov. Gavin Newsom signed into law a ban on state agencies reselling diesel-powered rail equipment that has been decommissioned by a public agency. (TrainsPRO)

Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.