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July 3, 2023

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July 3, 2023 | Journal of Commerce 39 www.joc.com Frozen assets Temperature-controlled intermodal provider Tiger Cool closes By Ari Ashe It's not just the box – It's not just the box—it's our commitment to investing in decarbonization solutions bundled with leading edge technology that makes the difference. Visit www.seacubecontainers.com to learn more. seacubecontainers.com Food Waste Mitigation Tech Low GWP Refrigerants Energy Efficiency Sustainable Technology Decarbonization Is Our Priority BSYA 1032 SeaCube 30 Decarbon JOC Island 117.5x187mm.indd 1 6/15/23 10:34 AM TIGER COOL EXPRESS, one of the innova- tors in temperature-controlled domestic intermodal, has shut down operations after nearly a decade in business, a victim of weak demand for domestic intermodal and low trucking rates that took away market share. Tiger Infrastructure Partners, the private equity group that owned the inter- modal provider, pulled its funding, forcing the company to close June 13 and putting more than 50 people out of work, a source with knowledge of the company's opera- tions, who asked not to be identifi ed, told the Journal of Commerce June 14. Company representatives did not respond to a request for comment. Kansas-based Tiger Cool Express was one of the top temperature-controlled intermodal providers in the US, owning about 700 containers. It was an innovator in the intermodal industry, one of the fi rst to fully embrace containerized reefer intermodal when it began ramping up oper- ations in late 2013. Before then, most tem- perature-controlled intermodal loads were moved on trailers detached from trucks, placed on trains and then reattached to trucks for fi nal delivery. It's a sudden — and somewhat sur- prising — closure for a company that was investing heavily as recently as late 2022. In December 2021, Tiger Cool signed a letter of intent with Union Pacifi c Railroad to assume control of the railroad's shut- tered Cold Connect warehouse business in Washington state. The deal closed in Febru- ary 2022, and Tiger Cool began to develop the Tiger Tri-Cities Logistics Center in Wal- lula, Wash., to serve produce customers in Idaho, Washington and Oregon. Tiger Cool signed a deal in September 2022 with tech- nology provider Remprex to operate the gates and lift equipment at the facility. Tiger Cool will seek out investors to take over the Tri-Cities Logistics Center, according to the source. Terrence Ellison Jr. / Flickr

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