The Atlanta-based parcel carrier will be the first in the industry to deploy electric-powered delivery trucks that will be comparable in cost to trucks that run on conventional fuel, according to a statement from UPS.
U.S. adds shipping companies to North Korean sanctions
The Treasury Department’s Office of Foreign Assets Control has added another 27 shipping companies, along with 28 vessels, to its Specially Designated Nationals List in an effort to prevent North Korea from circumventing U.S. and U.N. economic sanctions.
Agility’s earnings rise on higher revenues in 2017
The Kuwait City-based global third-party logistics provider posted a net profit of 68.5 million Kuwaiti dinars (U.S. $227.8 million) on KD 1.41 billion in revenues last year, increases of 16 percent and 14 percent, respectively.
DHL expands Brussels hub
DHL Express has opened a new cargo processing facility at Brussels Airport, which will nearly quadruple its handling capacity to 42,000 shipments per hour at this regional hub.
Trump extends Cuba national emergency
President Donald Trump on Thursday extended the national emergency on Cuba under the International Emergency Economic Powers Act.
Commerce starts AD/CVD investigations on rubber band imports
The Alliance Rubber Company had petitioned for duties on rubber band imports from China, Sri Lanka and Thailand on Jan. 30.
APHIS opens Vietnam field office
The agency’s new field office in Hanoi, Vietnam was established to help expand America’s $2.5 billion-a-year agricultural export business to the Southeast Asian country.
IAG Cargo grows volumes, revenues in 2017
The airfreight division of International Airlines Group saw commercial revenues rise 8 percent to 1.08 billion euros (U.S. $2.2 billion) last year thanks to increased volumes and yields, IAG Cargo said in a statement.
Executive Moves: ITS Logistics and Port NOLA
ITS Logistics promotes chief financial officer, while the Port of New Orleans appoints board member.
SCPA’s box volumes off to rocky start in 2018
The South Carolina Ports Authority’s container volumes sank 9.5 percent in January 2018 from 12 months prior.