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APC sells intermodal marketing unit. (American President Companies Ltd.'s divestment of American President Distribution Services)
Hub Group solidifies position as leading domestic IMC. APC keeps stacktrain business.
American President Cos. is getting out of the domestic intermodal marketing business, selling its American President Distribution Services unit to the Hub Group.
APC said it wanted focus on its core activities of international transportation and North American stacktrain services. Hub, meanwhile, saw an opportunity to expand its already-strong position as an intermodal marketing company.
In the 1980s, APC and other large shipping lines diversified into activities such as third-party logistics, truck brokerage and managing the landside leg of international cargo movements. …
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