Sea-Land to be Split into Three Units
August 27, 1999
Sea-Land Services, the U.S.-based container shipping unit of CSX, will reportedly be split into three operating divisions - terminal, domestic shipping and international liner units.
The split of divisions will most likely further fuel speculation the international unit would be sold to long time partner Maersk of Denmark's A.P. Moeller Group.
The new structure should be in place within 60 to 90 days.
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