Kuehne+Nagel, a leading logistics company based in Switzerland, has announced that it has acquired a majority stake in IMC Logistics, a well-known marine drayage company from Tennessee. This acquisition is part of Kuehne+Nagel’s long-term plan called Roadmap 2026, which aims to grow its presence and improve its services while maintaining a business model that doesn’t require heavy investment in assets. IMC Logistics, which is the largest of its kind in the U.S., operates more than 1,800 trucks and has recently grown by purchasing American Pacific Transportation. This move will strengthen Kuehne+Nagel’s role in U.S. trade and enhance its sea logistics capabilities. The acquisition also emphasizes Kuehne+Nagel’s ongoing efforts to improve its global supply chain services.
This acquisition is part of a trend of strategic investments by Kuehne+Nagel in recent years, which includes buying cross-border logistics provider City Zone Express, customs broker Farrow, and South African freight forwarding company Morgan Cargo. Even though the pace of mergers and acquisitions has slowed down this year due to changing freight prices and higher interest rates, Kuehne+Nagel’s investment shows its continued confidence in the marine transportation sector, driven by growing demand and modernizing fleets. The deal highlights the increasing significance of U.S. trade and the global logistics network in facilitating ocean freight solutions.
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