Amid fears that the end of 2009 will bring another wave of gallery closures, Chelsea dealers are finding ways to cut costs.

ATM and Freight and Volume have announced an “alliance.” They will be operating from 542 West 24th Street (ATM is moving into Freight and Volume’s digs) to “consolidate our talents and reach an even broader audiences,” according to an email from ATM gallery.

ATM was located at 621 W. 27th Street.

The galleries will continue to present separate exhibitions in one venue. ATM is to be renamed ATM-Bill Brady.