Bulk chemical hauler Quality Carriers Inc. has expanded into the Charleston, South Carolina market in partnership with its sister company Boasso America Corporation.
The company said the move is part of its earlier announced strategy to expand its footprint to meet current and expected future demand.
"Since we already have a terminal presence in Charleston, it made sense to expand our service offering into the domestic chemical market to support our sister company's customers. This allows us to grow our Charleston terminal, while still servicing our traditional ISO tank customers," said Scott Giroir, president of Boasso.
Quality Distribution, the parent of Quality Carriers and Boasso America, which provides intermodal tank container and depot services, said it plans to look at other locations for similar moves to expand its terminal networks.
The Journal of Commerce reports over the past half-year Quality has expanded operations in Chicago, Pennsylvania, Indianapolis, Texas and Colorado, sometimes directly while other times through affiliates.
The move comes as chemical production in the U.S. is up 0.8% in the first seven months of the year compared to the same time in 2013, while July’s level was 1.2% than the year earlier level.
During the second quarter of the year Quality Distribtion reported a net profit of $11.4 million as opposed to a net loss of $31.1 million during the 2013 second quarter while revenue increased 6.8%.