Novi, Michigan, USA-headquartered Lineage Logistics has acquired Cryo-Trans, North America’s leading provider of refrigerated and insulated railcars. The purchase, announced on January 5, creates a comprehensive integrated supply chain option for food and beverage customers. Financial terms of the transaction were not disclosed.
Reisterstown, Maryland-based Cryo-Trans manages more than 40,000 annual rail shipments and owns over 2,200 refrigerated and insulated railcars, making it the largest private fleet in North America. Since designing its first temperature-controlled railcar in 1985, the company has partnered with customers to develop sustainable and cost-efficient long-haul rail transportation programs.
“The acquisition of Cryo-Trans signals our commitment to knowing no bounds when it comes to investing in creative end-to-end solutions for our customers,” said Kevin Marchetti, co-founder of Lineage and Bay Grove, the investment firm that owns Lineage. “We are proud to continuously lead innovation in our industry, and we look forward to uncovering new opportunities to further streamline our customers’ supply chains.”
Lineage President and CEO Greg Lehmkuhl added: “Welcoming the dynamic team from Cryo-Trans further diversifies our 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. 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.”
Lineage operates the largest network of public refrigerated warehouses in the world, with more than 330 facilities offering nearly 2 billion cubic feet of capacity and spanning 15 countries across North America, Europe, Asia, Australia, New Zealand and South America.
The company also offers other transportation services, including less-than-truckload (LTL) consolidation, managed transportation, on-demand transport, port logistics, customs brokerage, import/export, drayage, last-mile delivery and related value-added options.