VOL. 126 | NO. 46 | Tuesday, March 8, 2011
Dunavant Buys Sea Lane, Expands Intermodal Service
By Bill Dries
Memphis-based Dunavant Transportation Group has bought Sea Lane Express, a regional trucking and intermodal company with headquarters in Great Neck, N.Y.
The acquisition, announced Monday, gives Dunavant intermodal and seaport locations along the East Coast.
Dunavant Transportation is a subsidiary of Dunavant Enterprises, a longtime Memphis company that recently shifted gears from cotton to third-party logistics.
Terms of the deal were not disclosed.
Dunavant bought a majority interest in Trans Gulf Transportation of Houston in December with the same goal as the Sea Lane Express acquisition – expanding Dunavant’s reach to “major intermodal and seaport locations,” according to Dunavant president and CEO William B. Dunavant III.
“The Sea Lane and Trans Gulf acquisitions will position us to take advantage of the Panama Canal expansion in 2014, as well as to expand our range of services for our customers,” Dunavant said in a written statement.
Sea Lane gives Dunavant a group of 175 drivers who are owners-operators. Sea Lane also has terminal operations in Nashville, Atlanta, Savannah, Ga., Charleston, S.C., and Charlotte and Wilmington, N.C.
Both companies already use the same intermodal trucking software, Compcare Services VIntermodal Manager, to run their operations.
The Trans Gulf acquisition added 150 drivers who are owners-operators and put Dunavant in the Houston port and the Southwest. Trans Gulf had already planned to add cross dock and warehouse capacity near Houston’s Bayport and Barbours Cut port terminals.