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Lineage Logistics to acquire European freight forwarder UTI

Lineage Logistics to acquire European freight forwarder UTI
Lineage Logistics to acquire European freight forwarder UTI
UTI specializes in shipping refrigerated and containerized foods
Lineage entered U.S. rail freight market earlier this year
UTI Forwarding
The deal to buy UTI, a freight forwarding company located in Rotterdam, marks Lineage’s entrance into the European freight industry, allowing it to distribute refrigerated foods from its warehouses throughout Europe.
Novi-based Lineage Logistics announced this week a deal to acquire Dutch freight company UTI Forwarding from its private equity owner Nordian Capital Partners.
Terms of the deal were not disclosed.
The deal marks the world s largest temperature controlled warehousing firm s entrance into the European freight industry, allowing Lineage to distribute refrigerated foods from its warehouses throughout Europe. ....

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(BRK), Canadian National Railway Company (NYSE:CNI) - Rail Roundup: Lineage, Patriot Make Acquisitions; CP, CN Set Records

Patriot Rail finalizes acquisition of Utah short line
Short line operator and port logistics provider Patriot Rail has finalized its acquisition of the Salt Lake Garfield & Western Railway (SLGW) short line in Utah.
As part of the deal, Jacksonville, Florida-based Patriot acquires SLGW and two storage and transload service providers, Caballero and Caballero 2.
Patriot itself was acquired by infrastructure investment firm First Sentier Investors in October 2019.
SLGW runs 26 miles and handles more than 6,000 loaded railcars annually. Located near Salt Lake City, the short line has access to
BNSF (NYSE: BRK) and the Salt Lake International Airport.
The SLGW has been a long-trusted railroad in the Salt Lake City area for more than 125 years. We are proud to carry that legacy forward for our customers, said Patriot CEO John Fenton. This addition to the Patriot portfolio strengthens our ability to continue providing competitive and innovative transportatio ....

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Lineage Logistics puts cold storage on rails with acquisition

Lineage Logistics puts cold storage on rails with acquisition
Gillian Tan
Acquisition will allow Lineage to lower customer transportation costs
Deal marks more than 40 acquisitions for the firm in roughly a year
Lineage Logistics
Novi-based cold-storage warehousing company Lineage Logistics LLC is branching into rail.
Lineage announced this week it acquired Cryo-Trans, an owner of refrigerated and insulated railcars, to capture an additional leg of the food and beverage supply chain. The transaction values Reisterstown, Maryland-based Cryo-Trans at more than $500 million.
A move into rail is part of our effort to be a one-stop-shop for our customers and eliminate waste within the food supply chain, Lineage CEO Greg Lehmkuhl said in an interview. By replacing some trucking capacity with rail, customers may reduce transport costs by 15 percent to 40 percent, depending on the shipment size and distance traveled, he estimated. ....

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