Lineage Logistics Moves Into Refrigerated Railcar Market

Written by Marybeth Luczak, Executive Editor
Purchasing Cryo-Trans—owner of 2,200 refrigerated and insulated railcars, and manager of 40,000-plus annual rail shipments—will help Lineage provide an “under-one-roof solution” for customers, integrating its warehousing business with transportation.

Purchasing Cryo-Trans—owner of 2,200 refrigerated and insulated railcars, and manager of 40,000-plus annual rail shipments—will help Lineage provide an “under-one-roof solution” for customers, integrating its warehousing business with transportation.

Lineage Logistics, LLC, is expanding its temperature-controlled warehousing business into the refrigerated and insulated railcar market with the acquisition of Cryo-Trans. The move, it said, will create a “seamlessly integrated supply chain solution for food and beverage customers.”

Reisterstown, Md.-based Cryo-Trans is said to own more than 2,200 refrigerated and insulated railcars, and manage 40,000-plus annual rail shipments, allowing customers to track, trace and expedite shipments in North America.

Lineage, with headquarters in Novi, Mich., offers a network of more than 330 warehouse facilities in 15 countries across North America, Europe, Asia, Australia, New Zealand and South America. It also provides less-than-truckload (LTL) consolidation, managed transportation, on-demand transport, port logistics, customs brokerage, import/export, drayage, last-mile delivery and related services.

“Welcoming the dynamic team from Cryo-Trans further diversifies Lineage’s comprehensive suite of multi-modal services and creates a unique, under-one-roof solution for our customers in which warehousing and transportation are seamlessly integrated,” Lineage President and CEO Greg Lehmkuhl said. “Combining our leading facility footprint, a railcar network and data-driven transportation management systems enables us to further optimize freight, create greater efficiencies, generate unprecedented supply chain visibility and provide a new ease of doing business for our customers.”

“We are honored to bring our rail experience and premium railcars to the world’s leading temperature-controlled logistics company,” Cryo-Trans CEO Herman Haksteen said.

Bloomberg valued the deal at more than $500 million.

Categories: Freight, Freight Cars, Intermodal, Mechanical, News Tags: , , ,