South Korean shipyards exited the business of making cranes a decade ago because of stiff compeitition from Chinese makers.
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.
Trucking industry executives visited the White House Thursday afternoon to talk about issues that affect their businesses.
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The port attributed the 11.2 percent year-over-year decline in February’s container volumes to reduced economic activity in Asia associated with the Lunar New Year.
The $320 million project at the Virginia International Gateway container terminal has officially launched, and a $350 million expansion project at Norfolk International Terminals will begin in July.
Throughput of loaded containers at the Northern California port grew 6.1 percent in January 2017 compared with the same month a year ago, while overall volumes including empties grew 3 percent from 2016 levels.