Lineage Logistics

Overview
Activities
News
Cold Chain Innovation?
Product stageSegments
Growth
?
Cold chain storage, Transportation
?

Lineage Logistics is a temperature-controlled industrial REIT and logistics solutions provider specializing in cold-chain storage and distribution. The company operates a global network of over 400 temperature-controlled facilities across 20 countries in North America, Europe, Asia-Pacific, and South America, totaling more than 2 billion cubic feet of capacity. Lineage offers services including blast freezing, warehousing, transportation, and port drayage for various temperature-sensitive products such as proteins, dairy, baked goods, and produce.

The company utilizes advanced technologies to optimize its operations, including proprietary blast freezing methods that can process up to 5 million pounds of product daily at a single facility. Lineage employs data science, vision technology, and artificial intelligence to maximize storage efficiency and reduce food waste. As of 2022, 29 of its warehousing locations were automated, utilizing AI and autonomous vehicles to enhance productivity. Lineage's innovative approaches have earned it recognition from the US Department of Energy and patents for its technologies.

Lineage has pursued an aggressive growth strategy through acquisitions, having completed over 100 since its founding in 2008. Notable acquisitions include MTC Logistics in March 2022, which added facilities near key ports on the US East and Gulf Coasts, and VersaCold in April 2022, expanding its presence in Canada. In June 2022, Lineage expanded its Direct-to-Consumer Fulfillment solution by acquiring Perishable Shipping Solutions, enhancing its ecommerce capabilities for temperature-controlled goods.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
46500 Humboldt Dr Novi, MI Novi MI USA
Founded year:
2012
Employees:
10,000
IPO status:
Public
Total funding:
USD 9.4 bn
Last Funding:
USD 700.0 mn (Private Equity; Dec 2022)
Last valuation:
USD 18.0 bn (Mar 2021)
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