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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Ocean carriers entering the market in 2010 and 2011 had a tough time, but SM Line said it believes it is timing its entrance into the transpacific market well, noting how freight rates are improving.
According to BlueWater Reporting's Blanked Sailing's Report, a total of 188,592 TEUs are being withdrawn on the China to North America trade for the two weeks following Chinese New Year, up 50 percent from a year prior.
Technology providers argue the pros and cons of a public pricing model for forwarders.