Subscribe to our free, weekly email newsletter!


Mallory Alexander acquires Tradesource

3PL cites proximity to Port of Charleston as key driver for deal
By Jeff Berman, Group News Editor
November 10, 2010

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 headshot
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. .(JavaScript must be enabled to view this email address).


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!

Recent Entries

Having introduced into the California State Senate a new bill designed to give an exemption from sales and use tax for port terminal operators purchasing zero or “near zero-emission” equipment, Lara is trying to advance two agendas.

The notions of “green shoots” or “cautious optimism” in gauging the current state of the economy does not specifically exhibit what is really happening, when assessing how things are actually going, it seems. That was made clear by Bob Costello, chief economist at the American Trucking Associations, at last week’s NASSTRAC (National Shippers Strategic Transportation Council) Shippers Conference and Transportation Expo in Orlando, Fla. last week.

With a 6.8 cent gain to $2.266 per gallon, this week’s average diesel price is at its highest level since the week of December 28, when it was at $2.237 per gallon.

Manufacturing activity in April remained on the right side of growth for the second straight month, following six months of contraction, according to the April edition of the Manufacturing Report on Business from the Institute for Supply Management (ISM).

Some 22 centuries after the original Silk Road smoothed the path of Chinese silk merchants to Europe, a new effort is beginning to build a new 21st century highway between Europe and the burgeoning economy of China, now the world’s fastest-growing market.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA