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The freight forwarding and customs brokerage division of FedEx Corp. created additional routes to Mexico and Brazil from Germany, Hong Kong and the U.S.
Move comes as ILWU, PMA talks enter 10th month.
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.
The shipping giant will return profits from the sale to its shareholders
Transpacific carriers cite port congestion and stronger demand as economy improves.
New style port directors are trying to tailor ports to industry supply chain needs.