LX Pantos acquires logistics center in Atlanta for $120 mn

Quick Summary:

The acquisition followed the establishment of a joint venture in February between LX Pantos and Ocean Network Express (ONE), Japan’s largest container shipper, to advance into the US intermodal logistics market.

LX Pantos Co., a lostics arm of LX International Corp., announced on Tuesday it has acquired a logistics center in Dalton, Atlanta for around 170 billion won ($120 million).

The US state has become home to the US operations of some 140 South Korean companies, including home appliance brand LG Electronics Inc.and solar panel manufacturer Hanwha Q Cells Co.

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Article Details

Category: Economy

Markets: South KoreaGeorgiaJapan

Topics: Korean Dalton Atlanta Korea International Logistics Pantos Intermodal Network Corp Ocean

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 14:14:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 166 words

Reading Time: 1 minutes read

Sentences: 14 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 26879636

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