Yang Ming responded by saying it has unwavering support of Taiwan’s government and has "proactively reorganized internally to effectively reduce its operating cost."
Orient Overseas Container Line’s parent company said it is not aware or involved in any bid relating to the company or OOCL.
Kansas City Southern’s net income fell 1.1 percent to $479.9 million for the full year in 2016 on revenues that slid 3.5 percent compared to the previous year, according to the company’s most recent financial statements.
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The House and Senate have advanced legislation that includes the Water Resources Development Act, which authorizes the U.S. Army Corps of Engineers to dredge ports and maintain locks on inland waterways essential to commerce.
Starting next week, the terminal will be the first of six facilities within the Port of New York and New Jersey to roll out the port authority's new Truck Management System.
The Floridian port is ready to launch a second round of investment - this time with the goal of increasing capacity and service levels within the container yard.