Amazon is back in the warehouse business, this time with a difference. The company is buying industrial property again, adding mega-sized fulfillment centers along with smaller sorting and delivery sites after pausing its expansion following the pandemic. The WSJ Logistics Report’s Liz Young writes Amazon is adding the sites as it resets its delivery strategy to disperse goods across nine operating regions rather than running through a broad but centralized network. The idea is to get goods closer to consumers to speed up deliveries, an effort driven by competition with Walmart as well as upstarts Shein and Temu. Walmart is looking to leverage its big network of 4,600 stores into a logistics advantage by filling more online orders at the sites. Walmart says it has stores within 10 miles of 90% of American consumers. Amazon’s renewed expansion signals the competition for consumers is now a battle over real estate.

• Amazon is opening a 3.4 million-square-foot fulfillment center in Baton Rouge, La. (Business Report)
• Temu owner PDD Holdings expanded sales 131% last quarter to $12.1 billion and net profit jumped 246%. (Nikkei Asia)

The U.S. has transformed global energy markets by growing into the world’s largest crude oil producer and a major exporter. Much of that growth is built on the business flowing through the Texas port of Corpus Christi, making the gateway on the Gulf of Mexico an extension of American geopolitical power. A WSJ video report looks at how Corpus Christi went from handling 83,000 barrels of exported crude a day in 2016 to 2.1 million barrels daily last year. A $682 million project is underway to expand the port’s capacity, including dredging that will deepen and widen the waterway, along with a new, higher bridge to accommodate bigger tankers.

U.S. home sales fell in April for the second straight month. (WSJ)

Japan’s exports climbed 8.3% in April, the fifth consecutive annual gain. (WSJ)

Anglo American says it will enter talks with BHP after rejecting the latest takeover offer from the rival miner. (WSJ)

Nvidia’s chip sales more than tripled to $26 billion and its AI-driven net profit reached nearly $14.9 billion. (WSJ)

Southern California port trucker AiLO Logistics ordered 100 hydrogen fuel-cell trucks from Nikola. (Dow Jones Newswires)

Target’s comparable-store sales fell 3.7% last quarter, the fourth straight quarter of declines. (WSJ)

British retailer Marks & Spencer reported its highest pretax profit in more than 10 years as a supply chain modernization effort boosted margins. (WSJ)

Off-price retail-chain owner TJX raised its outlook after same-store sales rose 3% last quarter. (WSJ)

A consortium led by CVC Capital Partners and Carlyle Group submitted an offer for freight forwarder DB Schenker valuing the business at more than $15 billion. (Bloomberg)

A second customer is charging that freight forwarder Flexport wrongly billed the company for more than $12 million in fees on U.S. imports. (Journal of Commerce)

Banker BNP Paribas plans to include its large ship-finance business in its drive to decarbonize its portfolio. (Splash 247)

Williams-Sonoma’s same-store sales fell 4.9% last quarter but a steep reduction in inventory helped boost profits nearly 70%. (MarketWatch)

Lowe’s is working with Nvidia to develop an AI tool for retailing for tasks including sourcing logic and inventory planning. (CNBC)

The Thai seafood supplier that owns Red Lobster says it didn’t force the now-bankrupt restaurant to take its shrimp while the chain promoted an “endless” shrimp deal. (Fortune)

Gartner again placed Schneider Electric first on its list of top 25 global supply chains. (DC Velocity)

Paul Page is editor of WSJ Logistics Report. Reach him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on X at @WSJLogistics.