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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Marilee McInnis, director of international corporate affairs at Walmart, said although the retailer no longer does business with Hanjin due to the carrier’s bankruptcy, it is currently speaking with another Korean carrier regarding its shipping needs.
After explosive growth in the last several years, could declining volumes be a sign of things to come?
Maersk and IBM said they intend to work with a network of shippers, freight forwarders, ocean carriers, ports and customs authorities to build the new global trade digitization solution, which is expected to go into production later this year.