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Multiple new refrigerated (reefer) rail companies have entered the market in recent years, and existing service providers are investing more capital into developing and expanding their fleets and geographic reach.
The integration of multi-temperature systems is further expected to create growth opportunities for refrigerated transport service providers and frozen and chilled food product manufacturers.
The growth of the refrigerated transport market is attributed to the increased trading of perishable commodities at a global level, according to a report released by MarketsandMarkets, New York.
Infinity Transportation Logistics, LLC (ITL), Atlanta, announced plans to add new next-generation domestic refrigerated intermodal containers to its fleet beginning this fall to create new capacity and density in various lanes to/from Washington State and Oregon.
VersaCold Logistics Services entered into an agreement to acquire Coastal Pacific Xpress (CPX), a Canada-based refrigerated carrier specializing in the shipping of perishable and ambient products throughout Canada and the United States.
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