Tag: USA

Billion dollar war chest for APL

The expansion of APL Logistics was given a major boost last week as parent company Neptune Orient Line (NOL) began a programme to raise US$lbn (E1.18bn) through bond issues.
The Singapore-based shipping and logistics giant said the funds would be used to expand the group’s businesses and refinance existing borrowings, but hinted strongly that the bulk would go into the logistics arm.

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Schenker opens U.S. hub

International forwarder Schenker, Inc. said it opened its first U.S. integrated logistics center in Miami as part of an aggressive expansion strategy in the United States.

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