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DHL said it is taking the first step toward establishing a delivery fleet in New York City that is powered entirely by alternative fuels, in a move that it said will reduce emissions by at least 50%.

Deutsche Post, the Germany-based parent company of DHL USA, said its fourth-quarter financial results due to the economic recovery, the Associated Press reported.

Logistics firm DHL said it will spend $22.5 million to expand its hub at Cincinnati/Northern Kentucky International Airport, adding nine new aircraft gates.

Deutsche Post, the Germany-based parent company of DHL USA, said Tuesday its second-quarter quarter results improved as it boosted its earnings forecast, Bloomberg reported.