Mallory Alexander acquires Tradesource

3PL cites proximity to Port of Charleston as key driver for deal

By ·

Third-party logistics (3PL) services provider Mallory Alexander International Logistics announced this week that it has acquired Tradesource Inc., an international freight forwarder based in Charleston, S.C., from Atlantic Services Group Inc.

Financial terms of the deal were not disclosed.

Mallory Alexander officials said that Tradesource’s Charleston office is now the new Mallory Alexander International Logistics Charleston location.

A Mallory Alexander spokesperson said that the Charleston office’s proximity to the Port of Charleston was part of what spurred this acquisition.

“The Port of Charleston is growing as many companies are turning to this port as the access point for their global connectivity,” said the spokesperson. “Mallory Alexander wanted to offer our customers the support of an office in the Charleston area and the opportunity for our customers to grow with the port as well.  A Charleston office has been in the works for a while, we just found the right mix with the Tradesource ownership and operations that allowed the acquisition to occur smoothly for both Mallory Alexander’s and Tradesource’s customers.” 

The new Mallory Alexander International Logistics Charleston location specializes in export ocean forwarding and customs house brokerage, but can also offer a full service logistics portfolio including all import / export services, air services, domestic transportation, special project transportation and consulting, according to the spokesperson.

While Mallory would offer up a specific number on how many customers Tradesource brings into the fold, the spokesperson said that the new addition has a “tenured partnership with many customers throughout the South Atlantic area and the United States.”

In terms of shipper benefits that this deal provides, Mallory Alexander said that the new Mallory Alexander International Logistics Charleston team not only offers the expertise of its forwarding team but also the support of one of the largest growing ports in the U.S.

“With the port’s specialty in agricultural products, as well as trade routes for Northern Europe, India, and Asia, many of our customers have found the Charleston office a perfect fit for their needs,” said the spokesperson.

Regarding personnel related to this deal, the Mallory Alexander spokesperson said that all former Tradesource employees will be retained as part of the Mallory Alexander International Logistics Charleston team. And the company is optimistic about adding staff in this location as the customer base expands.

About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
Efficiency improvements in Track/Trace Enhances Customer Loyalty
Consumer satisfaction with the quality of your products is clearly important, but the service you provide before and after the sale is equally important to any business, but often overlooked as benefiting the bottom line.
Download Today!
From the October 2016 Issue
Over the past decade we’ve seen a major trend in regards to safety regulations for freight transport within the United States as well as for import and export shippers—that trend is the “international­ization” of rules and regulations.
European Logistics Update: Post-Brexit U.K. moving ahead, but in which direction?
Badcock Home Furniture &more: Out with paper, in with Cloud TMS
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
How API Technology Connects the Transportation Economy
Dynamic decision making is made possible through accurate, actionable data. When combined with progress in data science and the Internet of Things, technology companies that add value to direct-to-carrier APIs and combine them with high-power data analytics will create new concepts for the information economy.
Register Today!
Motor Carrier Regulations Update: Caught in a Trap
The fed is hitting truckers with a barrage of costly regulations in an era of scant profits....
25th Annual Masters of Logistics
Indecision revolving around three complex supply chain elements—transportation, technology and...

2016 Quest for Quality: Winners Take the Spotlight
Which carriers, third-party logistics providers and U.S. ports have crossed the service-excellence...
Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...