Cold storage real estate investment trust (REIT) Lineage Logistics LLC has built its company around a business-to-business distribution model in which perishable foodstuffs move from factory to warehouse to retailer. Now Lineage has turned its attention to the embryonic but fast-growing business of direct-to-consumer deliveries.
Through two acquisitions made in 2021, Novi, Michigan-based Lineage has pushed into a segment that experienced a sudden burst of pandemic-related demand as more...
Cold storage real estate investment trust Lineage Logistics announced Wednesday the acquisition of supply chain software provider Turvo. The deal will allow Turvo to accelerate its tech offering and to expand into new markets.
The transaction is an extension of a previous investment made by Lineage Ventures in the San Francisco area-based visibility provider. In January 2021, Lineage announced it would deploy Turvo’s technology throughout 200 facilities, with the eventual integration occurring...
https://www.freightwaves.com/news/lineage-logistics-acquires-visibility-platform-turvo
Lineage Logistics LLC, a cold chain logistics real estate investment trust, said Wednesday that it has acquired Canadian cold chain warehouse and transport company VersaCold Logistics Services for an undisclosed sum.
The transaction, which is expected to close in the third quarter, will roughly quintuple Novi, Michigan-based Lineage’s presence in Canada. Currently, Lineage operates six temperature-controlled facilities in the country. Ontario-based VersaCold, by contrast, operates 24 facilities...
https://www.freightwaves.com/news/lineage-logistics-acquires-canadas-versacold
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 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 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...
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...
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...
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
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...