IMC Companies celebrates longtime team members

IMC Companies LLC recently held its annual Christmas party, with staffers from the intermodal company’s family of brands gathering at the FedEx Event Center in Shelby Farms Park to recognize longtime team members.

“We strive for the highest standards of service in the intermodal industry,” said IMC chairman Mark H. George. “And, we are proud to honor those individuals who have helped us achieve that mission during their decades of service.” To read more, visit The Memphis Business Journal.

Chairman explains why his co. is expanding to NYC, Philly

With its latest acquisition, a Memphis-based intermodal logistics company is adding two more dots to its map and establishing a new regional headquarters.

IMC Cos., which coordinates intermodal drayage of international shipments, acquired Dec. 12 the marine drayage and depot operations of New Jersey-based H&M Terminal Transport.

“Our primary interest was expanding in a new market where IMC did not have a presence — the Northeast,” said Mark H. George, chairman of IMC Cos. “They had six locations, and four, we already had a dot on the map. Two, we did not: New York and Philadelphia.” To read more, visit the Memphis Business Journal.

IMC Companies acquires H&M Terminal Transport

(Memphis, TN) – IMC Companies, a Memphis-based leader in nationwide intermodal logistics, has added another top-tier company to its family of brands. Effective December 12, IMC Companies has acquired the drayage and depot operations of H&M Terminal Transport. The company will operate under the name H&M Intermodal Services, as part of IMC Companies.

This brings the number of brands under the IMC Companies umbrella to nine including Atlantic Intermodal Services (AIS), DNJ Intermodal Services (DNJ), Gulf Intermodal Services (GIS), IMC Global Solutions (IGS), Intermodal Cartage Company (IMCG), National Drayage Services (NDS), Ohio Intermodal Services (OIS), Progressive Transportation Services (PTS) and now, H&M Intermodal Services.

With six locations and 140 drivers, this acquisition further solidifies IMC Companies’ position as the largest, privately owned marine drayage company in the United States. In addition, acquiring H&M significantly bolsters the organization’s presence in the Northeastern United States.

“Like us, the H&M team specializes in container drayage,” said Mark H. George, Chairman of IMC Companies. “What’s more, this acquisition enhances our existing national footprint that allows us to handle freight in any major rail or port facility in the United States.”

The acquisition of H&M brings the employee count for IMC Companies to more than 2,100 team members across the nation dedicated to providing exceptional international supply chain solutions.

“I am impressed with H&M’s leadership, history, services, values and team members,” said George, “and I look forward to welcoming their employees into our family.”

About IMC Companies:

IMC Companies is a national network of intermodal logistics businesses providing an array of services including container drayage, expedited services, customs brokerage, truck brokerage, freight forwarding, warehousing, chassis provisioning and secured container storage. To learn more about the IMC Companies family of brands, visit www.imccompanies.com.

New ocean carrier alliances pose challenge for logistics manager’s “cargo connections”

Ocean carriers are “bleeding cash” as they rush to stem the flow by aligning themselves in new alliances, says a prominent industry analyst. But will that mad dash be enough for some of the most desperate cases?

“It’s a bit too early to tell,” admits Chas Deller, CEO and Chairman, of 10XOCEANSOLUTIONS, Inc.

To read more visit Logistics Management.

Technology is essential to the future of drayage

IMC Companies’ Chairman Mark H. George spoke to JOC.com in late 2016 about the future of drayage as the industry faces major change on the ocean carrier side and the importance of technology investment as well as his company’s Northeast expansion plans. To view this interview visit the Journal of Commerce.

DCLI to Raise Chassis Fees; Trucking Response Mixed

Direct ChassisLink Inc. will raise daily chassis rates it charges truckign companies to haul contianers from ports in the Southeast, Gulf Coast and Midwest beginning Dec. 15, following similar increases from Trac Intermodal and Flexi-Van Leasing Inc. this summer.

DCLI will raise rates 50 cents in the Southeast and Gulf Coast to $19 and $19.50, respectively, and 75 cents in the Midwest to $20.

To read more, visit Transport Topics.

Trans-Pacific cargo rolled on spot rate strength and late peak-season surge

US importers are riding an increase in rolled cargo, as trans-Pacific eastbound spot rates hold at levels at twice that of some contracted prices and vessel utilization inches up on a late peak-season surge.

While the increased freight rates provide a measure of relief to an ocean carrier industry that is expected to loose as much as $10 billion globally this year, it is uncertain how much longer the current peak-season conditions in Asia-US trade will last. Some carriers are telling shippers that cargo will keep getting rolled through the month, while others are warning to expect spot rate cargo to gain preference over contracted cargo into November, a handful of US importers told JOC.com.

To read more, visit the Journal of Commerce.

IMC Companies Completes National Footprint with Acquisition of Progressive Transportation Services

Memphis-based IMC Companies is adding another top-tier company to its family of brands. Effective July 1, California-based Progressive Transportation Services (PTS) has become part of IMC Companies, a national leader in intermodal logistics. PTS will continue to serve customers throughout the entire west coast market, and will now operate as part of IMC Companies.

This brings the number of brands under the IMC Companies umbrella to nine including Atlantic Intermodal Services (AIS), DNJ Intermodal Services (DNJ), Frederick Intermodal (FI), Gulf Intermodal Services (GIS), IMC Global Solutions (IGS), Intermodal Cartage Company (IMCG), National Drayage Services (NDS), Ohio Intermodal Services (OIS), and now Progressive Transportation Services (PTS).

“A desire to expand our geographic footprint led us to do an extensive search over the past two years to find the right company to give us an established presence in California,” said Mark H George, Chairman of IMC Companies. “We vetted more than 25 companies and chose PTS above all based on their stellar performance record, service offerings and core values that are aligned with those of our organization.”

With locations in Los Angeles, Oakland and Stockton, PTS is an industry leader in California and is the largest container drayage company headquartered in Long Beach, CA. The company also provides container transloading and warehousing services. The acquisition of PTS completes IMC Companies’ national footprint as it can now handle freight in any major rail or port facility in the entire United States. With this acquisition comes the addition of all PTS facilities, rolling stock and the company’s 250 team members. This brings the employee count for IMC Companies to more than 2,000 team members across the nation dedicated to providing international supply chain solutions.

For more information on Progressive Transportation Services, visit www.progressive-transportation.com.

About IMC Companies:
IMC Companies is a national network of intermodal logistics businesses providing an array of services including container drayage, customs brokerage, truck brokerage, freight forwarding, warehousing, chassis provisioning and secured container storage. To learn more about IMC Companies family of brands, visit www.imccompanies.com.