IMC Companies Proceeds with Plans for New Collierville Headquarters
(Memphis, TN) – IMC Companies, a national leader in intermodal logistics, has been approved for a PILOT (Payment-in-Lieu-of-Tax) for its planned 75,000-square-foot corporate headquarters in Collierville, Tennessee. The three-story facility will be located in the office development area of Schilling Farms and is scheduled to be completed in the summer of 2021.
“We are excited about being in Collierville,” said Mark H. George, Chairman of IMC Companies. “This move will have tremendous value to our team members and their work environment.”
The new location offers easy access to walking trails, community centers, restaurants, shopping and a host of other amenities that will enhance quality of life for IMC Companies’ employees.
An estimated 152 jobs will be transferred to Schilling Farms. IMC Companies is the largest marine drayage company in the United States. The company was founded in Memphis in 1982.Read more
PILOT approved for IMC Companies relocation to Collierville
A 10-year payment-in-lieu-of-taxes (PILOT) incentive was approved that will move the headquarters of IMC Companies to Collierville.
The intermodal logistics company with operating units across the U.S. will leave its space in Lenox Park in the 385 Corridor and relocate to Schilling Farms.
The company will invest $18.3 million in a three-story, 75,000-square-foot facility for its headquarters. A release said the company hopes construction is complete by the summer of 2021.
It will be the biggest expense the company has made since it opened in 1982, according to the release.
Fleming Architects will design the headquarters and Linkous Construction will build it.Read more
Largest Memphis intermodal firm readies for Collierville move
With a 10-year tax break in hand, the largest intermodal firm in the area is moving forward with its plans to move from Memphis to Collierville.
As the Memphis Business Journal reported in November, IMC Cos. is planning to build a 75,000-square-foot headquarters office in Collierville’s Schilling Farms that it intends to occupy by summer 2021.
On Dec. 9, Collierville’s board of mayor and aldermen approved the company for a 10-year PILOT (payment-in-lieu-of-taxes), which had been approved by Shelby County Mayor Lee Harris on Nov. 18. (more…)Read more
Intermodal Trucking Sees 2020 As Year Of Tough Laws, Cost Increases
Intermodal and drayage carriers are winding down a year that for many meant only modest growth in container trucking. On the international side, the National Retail Federation projected another record year for U.S. container imports, but it would amount to only a 1% increase in volumes over 2018. Domestic rail containers, meanwhile, saw a steeper drop of 4% from 2018.
As the industry looks toward 2020, there is hope among intermodal executives that container volumes will keep growing, albeit much of the growth may be in certain regions and for specific goods. Likewise, intermodal carriers want to see more done on the maritime link in the supply chain to improve efficiency. For its own part, container trucking will have to wrestle with a slew of regulations and cost increases that will require them to be more efficient as well.
Here are some views on how 2020 will shake out for intermodal.Read more
BNSF’s Chicago intermodal depot regains flow after operational shift
Truck turn times have returned to normal in BNSF Railway’s Lot 16 outside of Chicago following the railroad’s transferring control of the lot in November to a private company with several locations in the market.
The lot is a depot where drivers return empty ocean containers after beneficial cargo owners (BCOs) unload the contents. It does not handle domestic containers. Although it’s not a haul that many consider, delays in returning an ocean container can lead to detention penalties and drivers completing fewer jobs per day. That eventually causes other BCOs to be billed for terminal demurrage — also called rail storage fees.
The solution was to bring in DNJ Intermodal Services to take over operations in Lot 16; the company runs chassis and container depots elsewhere in Chicago.
BNSF announced in January 2019 that empty ocean containers had to be returned to Lot 16 rather than Logistics Park Chicago (LPC), its main terminal in Elwood, Illinois. Problems started immediately, with lines extending onto adjacent streets. Drayage providers told JOC.com drivers would sometimes wait for an hour only to discover the lot wouldn’t accept the empty. Ocean carriers are supposed to remove boxes in a timely fashion, but sometimes they exceed their storage cap so the terminal refuses to take more. (more…)Read more
Container Tracking Innovations: 3PL Adoptions and Implementations
One of the challenges for North America’s intermodal industry over the years is the ability to accurately track and report a container’s status while it is in transit.
And while that has traditionally left third-party logistics companies at a disadvantage compared with other modes of transport that utilize GPS-enabled cargo and equipment-tracking sensors, intermodal has taken steps in recent years to catch up.
3PLs, in particular, have been able to greatly improve their operations and shipment visibility thanks in part to cloud-based software and database platforms, as well as the emergence of web-enabled devices that collect, send and act on data they acquire from their surrounding environments using embedded sensors, processors and communication hardware, technology commonly know as the Internet of Things, or loT.Read more