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.