Refrigerated

Tiger Cool Express said that the lease/purchase agreement with Union Pacific was signed in late December, noting it is a lease to buy, with Union Pacific owning it until Tiger Cool Express exercises the option. What’s more, the company said this had been in the works for two years, calling it a “transformational opportunity,” in which it will develop its Tri-Cities Logistics Center.

Culver City, Calif.-based Boa Logistics and Flow Cold Storage (Boa), high-growth, third-party logistics (3PL) services providers focused on refrigerated less-than-truckload (LTL) received a majority investment from West Palm Beach, Fla.-based Cambridge Capital, an investor in niche supply chain leaders and the applied supply chain. Cambridge Capital said that this investment—in partnership with Boa’s management—will be instrumental in keeping Boa on its path to expand its dedicated cold-chain freight consolidation platform, as well as to capitalize...

Lineage officials said that this acquisition is an extension of the companies’ long-standing partnership, which includes a previous investment in Turvo by Lineage Ventures and also what they called a combined vision for supply chain collaboration.

TFI International Inc., a Canadian holding company that is parent to truckload giant CFI and other transport entities, said it has acquired Carthage, Missouri-based D&D Sexton, a provider of refrigerated transportation services.

Hub Group officials said that the purchase price was $130 million and was funded by cash on hand, adding that Hub Group has granted contingent compensation to Choptank’s owners and senior management “to incentivize their retention and drive continued growth of the business.” And they added that, for 2021, Choptank is expected to generate more than $450 million in revenue.

With the invention of refrigeration in the last century came new options for faster, lighter construction materials and more options for shippers both domestically and internationally.

From aging facilities to a lack of warehouse labor, cold storage is challenged. Fortunately, several forces from new capacity and consolidation to a surge of automation promise to make order fulfillment of refrigerated and frozen food more efficient than ever.

Novi, Mich.-based Lineage Logistics, the largest global temperature-controlled industrial REIT and logistics services provider, said today that it has raised $1.9 billion in equity from new and existing strategic partners, which brings the total equity it has raised, going back to 2020, to $4.3 billion. Lineage said this represents its largest funding round going back to the company’s inception in 2008. I

Lineage said that that this move into rail is part of the company’s effort to be a one-stop-shop for its customers and to eliminate waste within the supply chain.

GlobalTranz's Tyndall told LM about myriad aspects of COVID-19 vaccine distribution, including: the impact on truckload capacity, vertical market disruption, and the cold chain, among other topics.

The September edition of the DAT Truckload Volume Index, which was issued this week by DAT Freight & analytics, an online marketplace for spot market truckload freight, picked up where August left off, posting all-time highs for spot market rates for van and refrigerated, or reefer, truckload freight.

The growth rate of e-commerce and direct-to-consumer delivery of chilled and/or frozen products was judged to be rapidly expanding before the advent of COVID-19. But now that the pandemic has hit full force the trend is explosive.

Demand for United States-based industrial cold storage space is on the rise, due to coronavirus, or COVID-19 as it creates “massive disruption in the food industry,” according to research issued this week by Los Angeles-based industrial real estate firm CBRE.

Demand for United States-based industrial cold storage space is on the rise, due to coronavirus, or COVID-19 as it creates “massive disruption in the food industry,” according to research issued this week by Los Angeles-based industrial real estate firm CBRE.

In an M&A deal with a direct focus on cold chain logistics, Novi, Mich.-based Lineage Logistics, the largest global temperature-controlled logistics services provider, said it has inked definitive agreements to acquire Dallas-based Emergent Cold, a leading cold chain services and temperature-controlled services provider.