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Port congestion is causing layoffs and inability to reach overseas consumers.
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.
Driver cards on Teamster representation being counted today for STE.
Marine terminal officials agree that future contracts will require ongoing collaboration.
Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.
Purchase of Hong Kong-based ecVision gives GTM solutions provider wider product reach at origin by extending into supplier management, while also strengthening its position in China.