Lineage Logistics

Lineage Logistics adds port locations in latest deal

A Lineage facility in Houston

Temperature-controlled storage provider Lineage Logistics announced Thursday the acquisition of MTC Logistics. The deal expands Lineage’s coverage at ports on the East and Gulf coasts. 

Baltimore-based MTC operates four cold storage facilities with 38 million cubic feet of space and more than 113,000 pallet positions near the ports of Baltimore, Philadelphia, Wilmington, Delaware, and Mobile, Alabama. MTC provides warehousing, blast freezing and import-export services in addition to its...

https://www.freightwaves.com/news/lineage-logistics-adds-port-locations-in-latest-deal

Lineage Logistics snags another $1.7 billion in equity investment

Lineage Logistics LLC, a logistics warehouse real estate investment trust (REIT), said Tuesday that it has raised $1.7 billion in equity from various investors, bringing to $6 billion the total equity that the Novi, Michigan-based company has raised in the past two years.

Lineage, the world’s largest cold storage industrial REIT with more than 2 billion cubic feet of capacity in 19 countries, said in a statement that it will use the proceeds to strengthen its balance sheet and fund new...

https://www.freightwaves.com/news/lineage-logistics-snags-another-17-billion-in-equity-investment

Lineage Logistics consigue otros $1.7 billones de dólares en inversiones de capital

Lineage Logistics LLC, un fideicomiso de inversión inmobiliaria en almacenes logísticos (REIT), dijo el martes que ha recaudado 1.700 millones de dólares en capital de varios inversionistas, lo que eleva a 6.000 millones de dólares el capital total que la empresa con sede en Novi, Michigan, ha recaudado en los últimos dos años.

Lineage, el mayor REIT industrial de almacenamiento en frío del mundo, con más de 2.000 millones de pies cúbicos de capacidad en 19 países, dijo en un comunicado que...

https://www.freightwaves.com/news/lineage-logistics-consigue-otros-1-7-billones-de-dolares-en-inversiones-de-capital

Rail Roundup: Genesis has new owner; Lineage opens cold storage warehouse

Auxo Investment Partners acquires Genesis Rail Services

Private investment firm Auxo Investment Partners has acquired Genesis Rail Services, a full-service railroad maintenance company based in Bluefield, West Virginia, and Roanoke, Virginia. 

Genesis Rail Services, which was founded in 2009, provides outsourced maintenance of way, mechanical and construction services to Class I, Class II and industrial railroads across the U.S. The company recently patented its flagship service: a tie plate...

https://www.freightwaves.com/news/rail-roundup-genesis-has-new-owner-lineage-opens-cold-storage-warehouse

The Log Book: Lineage Logistics launches nonprofit to reduce food waste

The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: Lineage Logistics launches Foundation for Good, Trucking Cares Foundation honors Walmart driver and J.B. Hunt wins 12th consecutive award from the EPA.

Lineage Logistics launches nonprofit to reduce food waste

Global temperature-controlled logistics solutions provider Lineage Logistics announced Thursday it has launched the Lineage Foundation for Good to help reduce food waste and provide...

https://www.freightwaves.com/news/the-log-book-lineage-logistics-launches-nonprofit-to-reduce-food-waste

Lineage completes acquisition of Dutch cold storage company

After striking a deal in June, cold storage warehouse operator Lineage Logistics LLC has announced it has completed the acquisition of Netherlands-based cold storage company Kloosterboer Group. That adds 8.4 million cubic yards of capacity to Lineage’s current 74.5 million cubic yards of cold storage facilities across the globe.

The terms of the acquisition were not disclosed.

With Kloosterboer’s 900 team members stretched across 11 facilities in the Netherlands, France, Germany, Canada and South...

https://www.freightwaves.com/news/lineage-completes-acquisition-of-dutch-cold-storage-company

Cold Chain keynote: Lineage Logistics focused on automation, supply chain visibility

This keynote interview is part of FreightWaves’ Cold Chain Summit virtual event

The COVID-19 pandemic thrust the food logistics industry into the spotlight as millions of consumers turned to e-commerce platforms to order most of their household essentials, including groceries, amid labor and transportation challenges.

Keynoting FreightWaves’ Cold Chain Summit, Sudarsan Thattai, CIO of Lineage Logistics, says his company is well-positioned to address supply chain challenges going forward through...

https://www.freightwaves.com/news/cold-chain-summit-lineage-logistics-focused-on-automation-supply-chain-visibility

Lineage acquires Midwest cold storage firm

Cold storage warehouse operator Lineage Logistics LLC said Wednesday that it has acquired Hanson Logistics, which operates four public warehousing facilities in Michigan and three in Indiana, for an undisclosed sum.

The transaction gives Novi, Michigan-based Lineage an operational foothold in its home state for the first time. It also expands Lineage’s presence in Indiana, where it currently has just one facility.

Founded in 1954, Hanson’s network spans 46 million cubic feet of capacity across...

https://www.freightwaves.com/news/lineage-acquires-midwest-cold-storage-firm

Lineage, 8VC announce alliance to advance supply chain innovation

Supply chain tech investment on the rise

The world’s largest temperature-controlled facility operator, Lineage Logistics, and the tech-focused venture capital firm 8VC announced Thursday a strategic alliance “to invest in promising technology startups that drive the transportation and logistics industry forward.”

The companies have worked together in the past through Lineage’s tech investment arm, Lineage Ventures, to propel logistics startups like global supply chain visibility platforms project44 and Trackonomy and digital...

https://www.freightwaves.com/news/lineage-8vc-announce-alliance-to-advance-supply-chain-innovation

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