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VOL. 126 | NO. 46 | Tuesday, March 8, 2011

Dunavant Buys Sea Lane, Expands Intermodal Service

By Bill Dries

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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.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 98 238 15,862
MORTGAGES 122 284 18,332
FORECLOSURE NOTICES 13 34 2,439
BUILDING PERMITS 137 452 32,966
BANKRUPTCIES 62 178 10,191
BUSINESS LICENSES 23 73 5,251
UTILITY CONNECTIONS 28 92 6,240
MARRIAGE LICENSES 13 63 3,476

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