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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.
Acquisition would make Japan Post one of the largest global 3PLs.
Singapore liner company says congestion at U.S. West Coast ports cost it $15 million in fourth quarter.
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.
Senate moves to decouple fight over immigration policy from Homeland Security, but resistance remains in House.