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The UPS Worldwide Express Freight service, designed for urgent, time-sensitive and high-value international heavyweight shipments, added eight new origin countries and five new destination countries to its network.
The shipping and logistics provider will offer a less-than-container-load service from Zhengzhou, China to Hamburg, Germany.
EVA Air will purchase five 777 Freighters from the aircraft manufacturer at an estimated cost of $1.5 billion at list prices.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.