A June report by JLL Capital Markets, covered by NJBIZ, identified the New Jersey and New York ports market as one of the top five nationwide for rental growth, as many “ports are seeing their busiest years ever for containers.”
IMC Cos. and its H&M Intermodal Services brand are taking advantage of that port traffic and taking their investment one step further by jointly opening a new truck and depot terminal at 915 Delancy St. in Newark.
According to a July 14 announcement, the new 10-acre location features a paved, lit, fenced yard with 24-hour security-controlled access and storage for 1,200 containers. It’s located only 3 miles from Port Newark and features lifts to ground containers, as well as a warehouse and freight transfer facility.
“This location brings much needed velocity in the N.Y./N.J. market for those who ship through the ports,” Barry Bernard, president of H&M Intermodal Services, said in the statement. “Our new facility offers customers the ability for us to pull their containers into our secured storage until they are ready to take delivery.”
Expected to open in the spring of 2023, the building will feature a 20,000 square-foot warehouse with 21 dock doors and 5,000 square feet of office space. It will also offer warehousing and transloading services.
“The transfer facility is another value-added service for our customers, allowing the quick transfer of freight from container to over-the-road trailer, which will reduce per diem and chassis usage expenses,” Bernard added.
H&M also has locations in Kearny and Philadelphia. Its parent company, IMC, is headquartered in Collierville, Tenn., according to its website."