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In a separate action, warehouse workers began a strike Tuesday morning against California Cartage warehouse in Los Angeles.
The forwarder will transport Toyota Material Handling Group's new line of racking systems from suppliers to the company's customer sites across Europe.
The Danish shipping conglomerate has also begun a program to buy back $1 billion in company shares over the next year.
No sighting of lifeboat yet as multiple aircraft and ships search the area for TOTE Maritime Puerto Rico ship and crew.
Rep. Stephen Fincher, R-Tenn., introduced a bill that would restore Ex-Im Bank’s operations and include various reforms, but will require a "discharge process" to reach the House floor for a vote.
The company’s minority investment in e-commerce specialist Ally Commerce Inc. is more about research than revenues, according to Rimas Kapeskas, head of UPS’s strategic enterprise fund.