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VOL. 130 | NO. 218 | Monday, November 9, 2015

Daily Digest

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Mallory Alexander Gets Shanghai License

Memphis-based Mallory Alexander International Logistics can begin direct operations in Shanghai with word Thursday, Nov. 5, that the company has been granted a Class A forwarder’s license.

The operations under that license will be centered in Shanghai and will mean an expansion of Mallory Alexander’s existing operations in Asia.

“We have been operating in China for many years, but were only able to offer limited services,” Mallory Alexander COO Tinamarie Newman said in a written statement. “The Class A license was always our goal for service continuity. … We are expanding staff and will be adding office locations. That will help us continue to grow in the market, and better position Mallory Alexander as a provider of complete supply chain services to our global customers.”

The license means Mallory Alexander is bonded with the Chinese Ministry of Communications and can issue its own House Bill of Lading. That means the Chinese government will recognize letters of credit, and the bill of lading can be used for shipments to and from China by the company.

Prior to the license, Mallory had to work through partners to provide some services. The company said those partners will continue to work with Mallory’s global network.

– Bill Dries

Fam Mob Gang Leader Convicted

The reputed leader of the Fam Mob street gang faces up to 10 years in prison after he was convicted of a federal firearms charge in Memphis Federal Court.

Jarvis Lewis was convicted Oct. 27 of being a felon in possession of a gun after a three-day trial before U.S. District Judge Sheryl H. Lipman.

Memphis police officers arrested him in October 2014 after responding to a call about gunshots being fired in the Ridgecrest Apartments complex in Frayser.

Lipman is scheduled to sentence him in February.

Lewis became head of the Fam Mob, according to prosecutors, after James McCracken, his predecessor, was indicted in November 2014 on a federal charge of interfering with interstate commerce. McCracken was charged with the Hobbs Act violation for robbing a drug dealer because the illegal drugs came across state lines.

Two months after Lewis’s arrest, a court order sought by the District Attorney General’s office declared the Ridgecrest Apartments one of two no-gang zones in Frayser.

The Ridgecrest Apartments, 2881 Range Line Road, was described by state prosecutors as the Fam Mob’s headquarters.

The gang operates in the Frayser, Northaven, Raleigh and Millington areas.

Lewis still faces a federal charge of witness intimidation.

– Bill Dries

Delta Blues Winery Announces Memphis Legends Wine Label

Delta Blues Winery is launching two new wines under its “Memphis Legends” label honoring The Memphis Horns.

The “Memphis Legends” label was created to honor Memphis musicians who’ve made an impact in the city and around the world. Delta Blues Winery co-owner Jim Wilson says the idea had been brewing for a few years, but only began to take shape after a chance meeting between his wife and winery co-owner Sheila Wilson and Amy Jackson, the wife of Wayne Jackson, one half of the legendary Memphis Horns.

On Sunday, Nov. 15, the winery will celebrate the new Memphis Horns Tennessee red table wine as well as Andrew Love’s signature wine with a reception from 3 p.m. to 5 p.m. to unveil the labels for the first time. The event will take place at 6585 Stewart Road in Lakeland.

“The wines will be two of our special semi-dry wines, a Norton, which is a red wine developed in the eastern part of the USA, and a Chardonel, an American-French hybrid developed by Cornell University, for the New York Finger Lake Area,” Wilson said.

– Andy Meek

University of Memphis Gets Drivers License Kiosk

University of Memphis students will have a campus kiosk to renew or replace Tennessee driver’s licenses and state identification cards.

Bill Gibbons, Tennessee Department of Safety and Homeland Security commissioner, will be in Memphis Monday, Nov. 9, for the announcement.

The kiosk will be located in the service court facility, east of the University Center by the campus bookstore.

– Bill Dries

ServiceMaster Sells Common Stock

Shareholders of Memphis-based ServiceMaster Global Holdings Inc. have sold an aggregate of nearly 29 million shares of common stock.

The company announced the sale Friday, Nov. 6. No shares were sold by the company, and the company will not hold any of the shares once the offering is completed.

Investments funds associated with Clayton, Dubilier & Rice LLC and StepStone Group LP sold the shares to JP Morgan as the sole underwriter.

– Bill Dries

PROPERTY SALES 76 133 1,342
MORTGAGES 83 131 1,047
BUILDING PERMITS 190 277 3,028