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Tiger Cool Express, an innovator in temperature-controlled domestic intermodal, has closed, impacting over 50 jobs. The closure follows declining demand for intermodal and low trucking rates.
Kansas-based temperature-controlled intermodal provider, Tiger Cool Express, has ceased operations after nearly ten years in business, due to a drop in demand for domestic intermodal and low trucking rates. Tiger Infrastructure Partners, the company's private equity owner, withdrew funding, causing over 50 job losses. The company was notable for its early adoption of containerized reefer intermodal. Recent struggles include the threat of a rail strike and falling demand, with intermodal providers stacking 15 to 20% of their fleets due to declining volumes.
Source: Journal of Commerce
BREAKING NEWS: Intermodal provider Tiger Cool Express has shut down after its P.E. ownership out its investment, a source confirmed to @JOC_Updates. Tiger Cool was an innovator in temp-controlled containerized intermodal. More than 50 employees impacted. https://t.co/WpQJvfqtYV pic.twitter.com/V4Y7fPUEms
— Ari Ashe (@arijashe) June 14, 2023
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