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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Gene Seroka, executive director at the Port of Los Angeles, said 2016 was an “epic” year, and in 2017, the port will focus on improvements in process management, information technology and land use.
The Northern California seaport saw throughput of loaded import boxes tick up 0.2 percent while laden exports jumped 11.5 percent compared with the same 2015 period, according to recent data from the port authority.
Of the 98 ships in Hanjin's former fleet, 63 ships with close to 460,000 TEUs of capacity remain idle, 31 ships with 134,000 TEUs of capacity have been redeployed, and four ships with 15,000 TEUs of capacity were scrapped.