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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.
Northern California port blames decline on slowdowns resulting from ongoing contract dispute between ILWU and PMA.
German shipping company hopes to complete its planned purchase of the Chilean liner company by end of March.
On-time performance is being hampered by congestion at West Coast ports.
DHS funding crisis means the agency will have to focus resources on border security, cargo clearance
The revised agreement would allow collaboration on congestion, transportation infrastructure needs and pollution mitigation.