IMC Companies buys intermodal company, expands national footprint
IMC Companies has acquired TRANSInternational System, an intermodal company based in Worthington, Ohio, that operates intermodal freight terminals in nine U.S. cities, including Chicago, Atlanta, Cleveland and Memphis.
“I am impressed with TRANSInternational’s leadership, history, services, values and team members,” Mark H. George, chairman of Memphis-based IMC Companies, said in a release. “I look forward to welcoming their team into our family of brands.”
IMC will be merging TRANSInternational System’s operations into its companies Ohio Intermodal Services, Intermodal Cartage Company, DNJ Intermodal Services and Atlantic Intermodal Services. (more…)Read more
Memphis: A Case Study in Resiliency
FLOODING ALONG THE Mississippi River earlier this year disrupted Memphis freight flows, impeding barge traffic and creating rail delays as carriers were forced to reroute shipments around compromised trackage. Combined with tariff uncertainties, this knocked volume expectations for local freight businesses a bit off balance earlier this year. However, 2019 is closing with more stability and a return of consistent cargo flows. Growth for the 2020s is supported by extensive infrastructure improvements under way and national growing inland port interest. (more…)Read more
VP of “Logistics Powerhouse” Snaps Up HR Impact Award
Tera Jackson – Winner
Vice president of human resources, IMC Cos.
A logistics powerhouse that specializes in marine drayage, IMC is focused on creating efficient supply chains. Tera Jackson plays a critical role in the company’s success, overseeing organizational development, recruitment and staffing, employment law, performance management, employee relations, and compensation/benefits. (more…)Read more
Memphis’ top companies show their team spirit
The rain didn’t dampen the spirits of some of the “best” Mid-South companies.
Memphis Business Journal held its 2019 Best Places to Work and HR Impact Awards Oct. 11 at AutoZone Park to celebrate the companies that go way beyond the status quo for their employees.
“The Gallup organization reminds us every couple of years that nearly 70 percent of employees are actively disengaged,” said Joanna Crangle market president and publisher of MBJ. “This stems from an array of challenges, generational differences, shifts in leadership, you name it. … Needless to say, this is scary stuff, except we can’t be scared because we’re sitting amongst those who get it.”Read more
IMC Companies Selected Top 100 Trucker
Inbound Logistics named IMC Companies as a top 100 trucking company in the country. The award acknowledges IMC Companies’ recent growth and expansion into every major port and rail in the United States. The publication’s editors selected this year’s list […]Read more
No easy fix for chassis conundrum: speakers
Issues involving chassis interoperability, shortages, and dislocation continue to hamper productivity at US ports and inland rail ramps, and there is no single solution on the horizon that will make those problems go away, speakers at the Intermodal Association of North America (IANA) conference in Long Beach said this week.
In fact, with each stakeholder in the supply chain — ocean carrier, trucker, railroad, and intermodal equipment provider (IEP) — doing what best serves their own interests, the industry may eventually be forced into the unwanted condition where it has to choose between regulation and free markets before a solution is found, the speakers said.Read more
IMC COMPANIES TO LAUNCH NEW WEST COAST COMPANY: PACIFIC DRAYAGE SERVICES
IMC Companies, a Memphis-based leader in nationwide intermodal logistics, recently added another company to its family of brands. On August 19th, IMC Companies launched Pacific Drayage Services (PDS) to provide drayage and warehousing services to customers in the Seattle and Tacoma markets. The PDS fleet is made up entirely of company-owned trucks and employee drivers. IMC Companies has ordered 150 new company trucks to bolster their presence on the West Coast. The new fleet of Mack trucks was a $20 million capital expense.
“We’re committed to expanding our presence on the West Coast,” said Mark H. George, Chairman of IMC Companies. “This strategic growth means that we are able to serve our valued customers via every major rail and port facility in the United States.” (more…)Read more
FMC to gauge detention/demurrage fairness on flow merits
The top United States maritime regulatory agency on Friday unanimously approved interpretive rulemaking recommendations aimed at helping it gauge whether levied demurrage and detention fees truly incentivize the retrieval of cargo and return of containers.
The Federal Maritime Commission agreed to the recommendations stemming from a year-and-a-half effort led by commissioner Rebecca Dye to address complaints from cargo owners and drayage drivers over what they considered unfair fees for failing to pick up cargo and return equipment in a timely manner. (more…)Read more
Port Report: Sourcing shifts for U.S. imports boosting Southeast Ports
The trade war with China is forcing U.S. Shippers to look for new sources of low-cost consumer goods. Southeast seaports are benefitting from those switches as shippers opt for lower cost and more accessible gateways.
The value of China’s exports to the U.S. are down 12.3 percent through the first half of 2019 to $219 billion. The drop stems from President Donald Trump’s escalation of tariffs against China with another 10 percent tariff slated to take effect this coming September 1 and December 15 on $300 billion worth of imports coming from China.Read more
Chamber Partners with IMC Companies Host Japanese Delegation
International marine drayage company, IMC Companies, recently hosted a delegation of logistics consulting and service providers from Japan. The event sponsored by the Greater Memphis Chamber, highlighted Memphis-area logistics companies for potential future business opportunities.
The group, led by Japan’s Funai Soken Logistics, Inc., visited the IMC Companies corporate office and Memphis terminal and the FedEx distribution facility. “We were delighted to host this fine delegation of Japanese logistics providers at our headquarters and terminal,” said IMC Companies Executive Vice President Donna Lemm. “They were extremely knowledgeable about our industry, and we shared ideas to benefit both of our countries.” (more…)Read more