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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The third-party logistics provider will acquire Zet Farma in Turkey and Ferlito Pharma Logistics in Italy.
Crane Worldwide’s services include air, ocean, trucking and customs brokerage, which are expected to boost DAVACO’s global reach and ability to support brand initiatives directly from the manufacturing plant.
Israeli ocean carrier ZIM Integrated Shipping Services has nominated Eli Glickman to serve as its next president and chief executive officer following the departure of long-time CEO Rafi Danieli, the company said in a statement.