Kuehne + Nagel has acquired a majority 51% stake in a IMC Logistics, a Tennessee drayage provider with an annual throughput of 2m teu.
The transaction is set for completion during Q1 25.
IMC has some 49 locations and 1,700 employees and generated $800m in 2023.
“International sea logistics is a highly complex business with many interfaces and stakeholders, in which US trade flows are of central importance,” said Kuehne+Nagel CEO Stefan Paul.
“IMC’s …
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