AsiaPorts and Logistics
NOL’s APL Logistics forms North American rail JV
Singapore: Neptune Orient Lines’s wholly owned subsidiary, APL Logistics Transportation Management Services,, a Delaware limited liability company has entered into a joint venture with CFR Rinkins, a California limited liability company, to transport vehicles via rail within the United States, Mexico and Canada. The joint venture, named APLL/CFR AD Holdings, is owned 51% by APLL and 49% by CFR. Prior to the formation of the JV, APLL provided services to CFR.