Zhitong Finance learned that on Thursday, automobile transportation and logistics service provider Proficient Auto Logistics (PAL.US) entered the US stock market. The opening stock price did not fluctuate much, fluctuating around $15 of the IPO price.

The company has one of the largest car haulers in North America and uses approximately 1,130 motor vehicles and trailers every day, including 615 company-owned haulers and trailers. The company will provide a wide range of automobile transportation and logistics services through its 49 strategic facilities across the United States, focusing mainly on transporting finished vehicles from automobile production facilities, shipping ports of entry, or regional rail yards to car dealers across the country. The company's customers include General Motors (GM.US) and electric vehicle manufacturers such as BMW, Tesla (TSLA.US), and Rivian (RIVN.US).