The nationwide trucker and third-party logistics provider said it hopes to raise between $281 million and $359 million with the initial public offering, and provided details on how it plans to use the proceeds.
South Korean shipyards exited the business of making cranes a decade ago because of stiff compeitition from Chinese makers.
Trucking industry executives visited the White House Thursday afternoon to talk about issues that affect their businesses.
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The U.S. maritime regulator granted the five-member ocean carrier alliance approval to take effect Dec. 19.
The third-party logistics provider subsidiary of German railway company Deutsche Bahn will combine its air and ocean freight division with its land transport division, as well as create a new division called Commercial DB Schenker and Contract Logistics.
The 4,250-TEU APL Denver collided with the 2,495-TEU Wan Hai 301 late last night near Pasir Gudang Port in Johor, Malaysia, causing fuel to spill from one of the ship’s bunker tanks, according to Maritime and Port Authority of Singapore.