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Earnings were buoyed by a 50 percent increase in Maersk Line profit.
Price tag for Singapore-based APL Logistics is significantly higher than the $750 million first mooted when NOL announced in August that it was exploring a sale or IPO.
House Minority Leader Nancy Pelosi, D-Calif., called the two days of meetings this week in Havana with Cuban government officials “very productive."
Experimental off dock drop yard at the Port of Los Angeles could help speed containers.
The International Association of Classifications Societies said it would continue to study the report and the will finalized the requirements soon.
The federal agency alleges shipments did not include relevant documents and were improperly packaged and labeled.