The country’s trade commission originally fined 11 foreign carriers and 12 domestic lines following a three-year investigation that showed the lines fixed rates 120 times over a 15-year period on South Korea-Southeast Asia services.
A range of factors including full yards, labor unrest and carrier network changes are making it difficult for the hubs to clear container bottlenecks.
Lineage will acquire four existing warehouses in the US from Tyson and develop two other next-generation facilities where the food conglomerate will be the anchor tenant.