AP Moller Maersk has agreed to buy the logistics business of Hong Kong-based Li & Fung—controlled by tycoon brothers William and Victor Fung—for $3.6 billion in an all-cash deal that will ...

Revenue decreased by 1.4% mainly driven by a volume decrease of 3.6% in Ocean and 3.7% in gateway terminals, partially offset by a revenue increase in Logistics & Services of 11% due to acquisitions.