Lineage Logistics Makes $500 Million Bet on Refrigerated Rail

1/6/2021

(Bloomberg)—Cold-storage specialist Lineage Logistics is branching into rail.

The warehouse owner 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.

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Lineage Logistics Makes $500 Million Bet on Refrigerated Rail

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