Name: Expanding Westward
Uploaded: May 8, 2024, 3:07 PM EDT
Description: IMC Logistics recently finalized its acquisition of American Pacific, a move that extends its reach into California. Joel Henry, CEO of IMC Logistics, delves further into the deal, as well as his thoughts on the Federal Maritime Commission’s ruling on chassis choice. TPM24, Long Beach, California Sponsored by IMC Logistics

IMC Logistics recently finalized its acquisition of American Pacific, a move that extends its reach into California. Joel Henry, CEO of IMC Logistics, delves further into the deal, as well as his thoughts on the Federal Maritime Commission’s ruling on chassis choice. TPM24, Long Beach, California Sponsored by IMC Logistics

<div class="phx-topic abstract-wrapper"><p>From his hometown hub of Memphis, Fred Smith built FedEx from a $4 million inheritance to an $88 billion behemoth.  </p></div>

From his hometown hub of Memphis, Fred Smith built FedEx from a $4 million inheritance to an $88 billion behemoth.

Feature image

Fred Smith, FedEx founder and visionary, dead at 80

<div class="phx-topic abstract-wrapper"><p>The loss of An-124 heavy-lift air capacity will force a modal shift to ocean or a reduction in cargo sizes to fit into smaller craft, experts say.</p></div>

The loss of An-124 heavy-lift air capacity will force a modal shift to ocean or a reduction in cargo sizes to fit into smaller craft, experts say.

Market seeks to navigate medium-term cuts to heavy-lift air cargo capacity

<div class="phx-topic abstract-wrapper"><p>But a rise in demand for general cargo will not be enough to offset the sharp decline in e-commerce shipments that followed the US clampdown in May on low-value imports from China. </p></div>

But a rise in demand for general cargo will not be enough to offset the sharp decline in e-commerce shipments that followed the US clampdown in May on low-value imports from China.

Signs of air cargo recovery on the trans-Pacific as freighter aircraft return

<div class="phx-topic abstract-wrapper"><p>The acquisition of Cole Group brings Mullen trade consulting and additional non-asset logistics leverage in the US and Canada.</p></div>

The acquisition of Cole Group brings Mullen trade consulting and additional non-asset logistics leverage in the US and Canada.

Acquisition expands Canada’s Mullen Group customs brokerage, forwarding

<div class="phx-topic abstract-wrapper"><p>The US Court of International Trade on Wednesday stated that President Donald Trump’s tariffs exceed his authority. </p></div>

The US Court of International Trade on Wednesday stated that President Donald Trump’s tariffs exceed his authority.

Federal court ruling blocking tariffs resets shipping outlook

<div class="phx-topic abstract-wrapper"><p>With little relief forthcoming, cargo owners need to build delays into their shipping plans as port and ship capacity remain tight, speakers at the Agriculture Transportation Coalition’s annual meeting said.</p></div>

With little relief forthcoming, cargo owners need to build delays into their shipping plans as port and ship capacity remain tight, speakers at the Agriculture Transportation Coalition’s annual meeting said.

Poor ocean reliability presents major challenge for US ag exporters

<div class="phx-topic abstract-wrapper"><p>But sources do not think carriers will have an opportunity to net full recovery of the proposed amounts in the current market environment unless strategic capacity cuts occur. </p></div>

But sources do not think carriers will have an opportunity to net full recovery of the proposed amounts in the current market environment unless strategic capacity cuts occur.

India-US liners attempt hefty peak season rate hikes despite trade volatility

<div class="phx-topic abstract-wrapper"><p>Consultancy MDS Transmodal said the two companies will have just under half of the almost 176,700 TEU in feeder ship capacity deployed in Europe and the Mediterranean.</p></div>

Consultancy MDS Transmodal said the two companies will have just under half of the almost 176,700 TEU in feeder ship capacity deployed in Europe and the Mediterranean.

Cosco boosts feeder reach under pair of deals with X-Press

<div class="phx-topic abstract-wrapper"><p>Strong demand for much of the year has kept North European ports under pressure, slowing attempts to ease the bottlenecks.</p></div>

Strong demand for much of the year has kept North European ports under pressure, slowing attempts to ease the bottlenecks.

Months of congestion ahead for North Europe ports: Antwerp-Bruges

<div class="phx-topic abstract-wrapper"><p>A more than 30% one-week drop in rates from Asia to the US West Coast is showing that the import rush sparked by the temporary pause in higher US tariffs will apparently be short-lived.</p></div>

A more than 30% one-week drop in rates from Asia to the US West Coast is showing that the import rush sparked by the temporary pause in higher US tariffs will apparently be short-lived.

Trans-Pacific spot rates falling as tariff-linked demand surge loses steam

<div class="phx-topic abstract-wrapper"><p>OTR Solutions had alleged in a lawsuit that load board provider DAT violated a non-compete agreement by acquiring a rival factoring company. </p></div>

OTR Solutions had alleged in a lawsuit that load board provider DAT violated a non-compete agreement by acquiring a rival factoring company.

Former partner reaches settlement with DAT over recent acquisition

<div class="phx-topic abstract-wrapper"><p>The inability to predict the next move on tariffs is unsettling for cargo owners and their service providers, the CEO of the Association for Supply Chain Management tells the <i>Journal of Commerce</i>. </p></div>

The inability to predict the next move on tariffs is unsettling for cargo owners and their service providers, the CEO of the Association for Supply Chain Management tells the Journal of Commerce.

Changing US tariffs force structural shift in global supply chains: ASCM

<div class="phx-topic abstract-wrapper"><p>Researcher Armstrong &amp; Associates says in an annual report it expects global 3PL revenue to hit $1.25 trillion this year as shippers try to build more flexible supply chains and mitigate risks. </p></div>

Researcher Armstrong & Associates says in an annual report it expects global 3PL revenue to hit $1.25 trillion this year as shippers try to build more flexible supply chains and mitigate risks.

Multiplying supply chain risks drive growth for global, US-based logistics firms

<div class="phx-topic abstract-wrapper"><p>OTR Capital argues DAT, the largest load board for truckload freight in North America, violated a non-compete clause when it acquired factoring company Outgo in May. </p></div>

OTR Capital argues DAT, the largest load board for truckload freight in North America, violated a non-compete clause when it acquired factoring company Outgo in May.

Court orders DAT to temporarily halt trucking factoring service

<div class="phx-topic abstract-wrapper"><p>A trio of bills would change US shipping law to reflect the current wariness surrounding China’s maritime industry and promote cargo preference for US fleets. </p></div>

A trio of bills would change US shipping law to reflect the current wariness surrounding China’s maritime industry and promote cargo preference for US fleets.

Congress takes aim at China’s maritime industry with new legislation

<div class="phx-topic abstract-wrapper"><p>Outpost is broadening its business from truck parking to a national shared-terminal network that offers multiple carriers access to “full-service” facilities. </p></div>

Outpost is broadening its business from truck parking to a national shared-terminal network that offers multiple carriers access to “full-service” facilities.

Shipper need for agility fuels growth of US shared-terminal trucking network

<div class="phx-topic abstract-wrapper"><p>The shutdown, due to begin Tuesday evening, will disrupt a broad range of businesses that use DHL, from apparel brands such as Lululemon to industrial companies including Siemens Canada.</p></div>

The shutdown, due to begin Tuesday evening, will disrupt a broad range of businesses that use DHL, from apparel brands such as Lululemon to industrial companies including Siemens Canada.

DHL Express to suspend Canadian parcel business amid labor dispute

<div class="phx-topic abstract-wrapper"><p>UP’s new protection program for high-value freight comes amid heightened concerns over cargo theft in the US and will cost users $100 per container.</p></div>

UP’s new protection program for high-value freight comes amid heightened concerns over cargo theft in the US and will cost users $100 per container.

Union Pacific will offer shippers enhanced liability coverage for cargo theft

<div class="phx-topic abstract-wrapper"><p>Matt Silver, CEO of Cargado, joins TPM Today to discuss the growth of cross-border freight and how technology might accelerate that growth.</p></div>

Matt Silver, CEO of Cargado, joins TPM Today to discuss the growth of cross-border freight and how technology might accelerate that growth.

<div class="phx-topic"><p>Eric Johnson, Senior Editor, Technology, Journal of Commerce by S&amp;P Global sat down with Matt Silver, CEO of Cargado, to delve into:</p><p>• How the rapid growth of cross-border trade is reshaping the U.S. freight market.</p><p>• The effects of U.S. trade policy on Mexico and Canada.</p><p>• How technology is finally shining a light on one of the most opaque sectors of the supply chain.</p><p>This episode was streamed live on June 13, 2025 on <a href="https://letstalksupplychain.com/tpm-today/">TPM Today</a></p><p></p><div class="wrapper-full"><dynamic-object type="youtube" resource-id="4pRzNILYUpk"></dynamic-object></div></div>

Eric Johnson, Senior Editor, Technology, Journal of Commerce by S&P Global sat down with Matt Silver, CEO of Cargado, to delve into: • How the rapid growth of cross-border trade is reshaping the U.S. freight market. • The effects of U.S. trade policy on Mexico and Canada. • How technology is finally shining a light on one of the most opaque sectors of the supply chain. This episode was streamed live on June 13, 2025 on TPM Today

TPM TODAY | How Tech & Trade Policy Are Shaping the Future of Cross-Border Freight

<div class="phx-topic abstract-wrapper"><p>SalSon Logistics CEO Jason Fisk discusses navigating a complex port ecosystem and understanding a clientele with diverse needs.</p></div>

SalSon Logistics CEO Jason Fisk discusses navigating a complex port ecosystem and understanding a clientele with diverse needs.

<div class="phx-topic"><p>SalSon Logistics boasts a rare statistic these days: a 98% on-time delivery performance rate. SalSon CEO Jason Fisk discusses navigating a complex port ecosystem and understanding a clientele with diverse needs.</p><p><i>TPM25, Long Beach, California</i></p><p><b>Sponsored by SalSon Logistics</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6374356397112"></dynamic-object></div></div>

SalSon Logistics boasts a rare statistic these days: a 98% on-time delivery performance rate. SalSon CEO Jason Fisk discusses navigating a complex port ecosystem and understanding a clientele with diverse needs. TPM25, Long Beach, California Sponsored by SalSon Logistics

Delivering on success

<div class="phx-topic abstract-wrapper"><p>Flexport CEO Ryan Petersen delves into the thinking behind the company's tech rollout strategy and its path moving forward.</p></div>

Flexport CEO Ryan Petersen delves into the thinking behind the company's tech rollout strategy and its path moving forward.

<div class="phx-topic"><p>Earlier this year, Flexport ramped up tech offerings with artificial intelligence at the core of its rollout strategy. Flexport CEO Ryan Petersen delves into the thinking behind that strategy and the company’s tech path moving forward.</p><p><i>TPM25, Long Beach, California</i></p><p><b>Sponsored by Flexport</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6374355192112"></dynamic-object></div></div>

Earlier this year, Flexport ramped up tech offerings with artificial intelligence at the core of its rollout strategy. Flexport CEO Ryan Petersen delves into the thinking behind that strategy and the company’s tech path moving forward. TPM25, Long Beach, California Sponsored by Flexport

Flexing its tech know-how

UPGRADE TO GOLD AND SAVE: Use code GTW695 at checkout and save $800 on first year of a Gold subscription!

Upgrade Subscription - Gold Trials

Upgrade Subscription

SUBSCRIBE AND SAVE: Use code STSW20 at checkout to save 20% on first year of any annual subscription!


Subscribe Now - Free Trials - Offer Box

SUBSCRIBE AND SAVE

GET INTO A GROUP SUBSCRIPTION: Arm your team with unlimited Journal of Commerce content

Group Subscriptions - Offer Box

Group Subscriptions

SUBSCRIBE TODAY: Choose a subscription plan that works best for you!

Subscribe Now - Anonymous - Offer Box

Subscribe Today

UPGRADE TO GOLD AND SAVE ON TPM26: Use code TPMGW595 at checkout to save $900 on first year of a Gold subscription and 20% on TPM26! 

Upgrade Subscription - Offer Box

START A FREE TRIAL: Access Journal of Commerce content for 30 days

Free Trial - Offer Box

Free Trial

Video

<div class="phx-topic abstract-wrapper"><p>Joel Henry, CEO of IMC Logistics, delves further into the company's recent acquisition of American Pacific, as well as his thoughts on the Federal Maritime Commission’s ruling on chassis choice.</p></div>

Joel Henry, CEO of IMC Logistics, delves further into the company's recent acquisition of American Pacific, as well as his thoughts on the Federal Maritime Commission’s ruling on chassis choice.

<div class="phx-topic"><p>IMC Logistics recently finalized its acquisition of American Pacific, a move that extends its reach into California. Joel Henry, CEO of IMC Logistics, delves further into the deal, as well as his thoughts on the Federal Maritime Commission’s ruling on chassis choice.</p><p><i>TPM24, Long Beach, California</i></p><p><b>Sponsored by IMC Logistics</b></p><div class="wrapper-full"><dynamic-object type="brightcove" resource-id="6352544012112"></dynamic-object></div></div>

Related Videos

Recent News and Analysis

Maritime News

Surface News

Air Cargo News

Supply Chain News