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05
Feb
IMC Companies Deploys New Line of Mack Trucks
IMC Companies recently purchased 125 Mack trucks. Rick Seawright, who has overseen the trucks being outfitted with the latest in electronic logging and tablet communication technology, has been hard at work, ensuring these top-of-the-line vehicles are road-ready. (more…)
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31
Jan
IMC Companies and TierPoint Join Forces to Strengthen Technological Efforts
IMC Companies Chief Information Officer Joel Tracy and Director of IT – Engineering and Operations Robert Spiecha recently discussed the history of IMC Companies and their relationship with the TierPoint data centers. Tracy commented, “TierPoint handles all of the power […]
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31
Jan
Collierville enjoying steady sales tax growth
Strong, consistent sales tax revenue has become an annual trend in Collierville. In 2019, the town brought in $16,748,812 in sales tax revenue. The number is up more than $700,000 from the amount the town collected the previous year. Town […]
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31
Dec
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.
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31
Dec
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.
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30
Dec
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…)
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20
Dec
Memphis Business Journal; Memphis-Area Trucking Companies
Memphis Business Journal; Memphis-Area Trucking Companies The Memphis Business Journal named IMC Companies as a leader in Memphis-area Trucking Companies. Companies are ranked by the number of local full-time employees. In 2018, IMC Companies employs 505 local employees (1,900 employees […]
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20
Dec
Memphis Business Journal: Top Intermodal Firms: The Memphis Business Journal
The Memphis Business Journal named IMC Companies as the top leader in Memphis-area Intermodal Firms. Companies are ranked by the number of containers moved locally. In 2018, IMC Companies moved 161,976 containers in the Memphis area including Shelby, Tipton, and […]
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20
Dec
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.
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20
Dec
IMC Companies Awarded “Best In Benefits” In The Mid-South
Memphis-based IMC Companies once again received the Best in Benefits Award at a recent Lipscomb & Pitts Insurance event. The award recognizes employers who offer the best benefit plans relative to their peers. Using medical plan designs, premiums, and contributions […]
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