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 third-party logistics provider subsidiary of German railway company Deutsche Bahn will combine its air and ocean freight division with its land transport division, as well as create a new division called Commercial DB Schenker and Contract Logistics.
A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can't pick-up and return cargo, containers and chassis for reasons beyond their control.
The Japanese liner carrier said it has suffered considerable damage after some of APL Logistics’ employees disseminated false information about its financial health.