FASA

The purchase of Pinnacle Rail Operations, which operates seven automobile terminals in the United States for Class I railroads, will result in about a 10-fold increase in Rail Management Services’ automotive business.

The Federal Maritime Commission has yet to determine if entities should receive relief from ocean carriers and terminals assessing free time penalties when the cause of exceeding contracted free time is out of the shipper or intermediary’s control.

DP World said its Doraleh Container Terminal was illegally seized Friday by the Djibouti government in attempts to force the terminal operator to renegotiate the terms of its concession.

U.S. Customs and Border Protection has yet to implement alcohol excise tax cuts mandated through recently enacted national tax reform legislation, leaving the trade community wanting more clarity on when and how the cuts will be executed.

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.

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.

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 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.