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The purchase of Memphis-based ReTrans Inc. is intended to expand K+N's North American network and sync with the third party logistics provider's ocean and airfreight businesses.
The logistics roll-up company will raise the funds in both equity and the sale of senior notes to finance current and future acquisitions.
Express carrier will spend $108 million to increase cargo handling capacity at Cincinnati/Northern Kentucky airport.
Ocean carriers Hapag-Lloyd and Maersk announced plans for rate increases on August 1.
A spokesperson for the Port of Oakland said it will hire 500 additional workers to address a shortage in time for peak season in the fall.
Port Lafito offers upgraded facilities and capacity compared to Port-au-Prince.