Joseph Bonney | Jan 06, 2011 4:38PM EST
Memphis-based Dunavant Enterprises acquired majority interest in Trans Gulf Transportation, a Houston company specializing in regional and local intermodal drayage and trucking operations.
Trans Gulf has approximately 150 drivers as owner-operators in regional trucking and drayage operations in Houston and the Southwest and is adding cross-dock and warehouse capacity near Houston's Bayport and Barbours Cut port terminals.
Dunavant said the acquisition will expand the company's regional and local intermodal and port chassis services, as well as trucking and cross-docking.
Dunavant was No. 94 on the JOC list of Top 100 Exporters in 2009, primarily because of its cotton business.
Since selling its cotton business last year, Dunavant has concentrated on building its logistics division while retaining its real estate and investment divisions.
"As we continue to expand our global logistics group, it is important for us to have strategically positioned strongholds in key regions," said Bill Dunavant, CEO and president of Dunavant Enterprises. "Trans Gulf has an excellent reputation in the trucking industry, specializing in the intermodal and port drayage for Houston and the Southwest."
Dunavant said his company plans to expand Trans Gulf's service to other seaports and inland intermodal locations.
-- Contact Joseph Bonney at jbonney@joc.com.