South Korea's LX Pantos acquires logistics hub in US
South Korean 3PL LX Pantos said yesterday it had teamed with state-backed maritime financial institution ...
South Korean forwarding group CJ Logistics is working with state-backed ship financier Korea Ocean Business Corp to build a warehouse near the largest freight rail lines in the US.
The 1.1m sq ft facility will open in Elwood, near Chicago, in early 2026 and is part of a broader move by the pair to deepen economic ties between South Korea and its long-time ally, the US, to grow trade opportunities and create economic growth and jobs for Americans.
Last week’s ground-breaking was ...
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