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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.
German shipping company hopes to complete its planned purchase of the Chilean liner company by end of March.
Northern California port blames decline on slowdowns resulting from ongoing contract dispute between ILWU and PMA.
Election proceeded despite the request for a restraining order.
January 2015 totals for U.S.-North American Free Trade were higher than the previous year for rail, truck and air transportation, according to figures from the Department of Transportation’s Bureau of Transportation Statistics.
Officials say the worst back ups have been alleviated, but challenges remain as countermeasures continue to be implemented.