Yang Ming responded by saying it has unwavering support of Taiwan’s government and has "proactively reorganized internally to effectively reduce its operating costs."
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 ports of Philadelphia and Wilmington are planning infrastructure improvements as a project to deepen the river nears completion.
Canada’s trade surplus of C$526 million for November came as a surprise, as analysts had projected the nation would experience a trade deficit for the month.
Cherry Hill, N.J.-based NFI has strengthened its footprint in Canada with the acquisition of Dominion Warehousing & Distribution.