STOCK TITAN

Blackline Cold Storage, LLC Selects Ryder to Manage its New Port of Houston Cold Storage Facility

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Blackline Cold Storage has partnered with Ryder System (NYSE: R) to manage operations at its new 298,000 square foot cold storage facility in Houston, TX. This state-of-the-art development aims to address the increasing demand for cold storage amid supply chain challenges. With features like segregated temperature zones and rail connectivity, the facility promotes operational efficiency and customer satisfaction. Blackline's CEO emphasized the strategic importance of this collaboration as they prepare for a launch in the first quarter of 2022.

Positive
  • Partnership with Ryder enhances operational efficiency and customer satisfaction.
  • Strategically located cold storage facility supports growing demand for perishables.
  • Facility designed with advanced features, including blast freezing capability and rail connectivity.
Negative
  • None.

HOUSTON, Dec. 6, 2021 /PRNewswire/ -- Blackline Cold Storage, LLC, a public cold storage warehouse developer and operator, today announced it has chosen Ryder System, Inc. (NYSE: R) to manage the warehouse operations for its new 298,000 sf, state-of-the-art cold storage facility at the Port of Houston, TX.

Blackline Cold Storage, LLC announced it has chosen Ryder System, Inc. (NYSE: R) to manage their warehouse operations

Blackline Cold Storage has chosen to align with Ryder, a leader in supply chain, dedicated transportation, and fleet management solutions, to manage the facility's warehouse operations, scheduling, order fulfillment and distribution services at its Port of Houston location. Ryder's comprehensive and proven 3PL experience will provide Blackline Cold Storage with a full suite of flexible and efficient operational solutions that maximize customer satisfaction, value and efficiency.

"We are extremely excited to have Ryder on the team as we prepare to launch the Port of Houston cold storage warehouse operations in 1Q-2022," said Blackline Cold Storage CEO Mike Day. "Ryder's deep experience as a top 3PL and cold storage operator provides the necessary assets, people, and technology to ensure a successful launch and state-of-the-art operations for the benefit of our cold storage customers. The current supply chain disruptions and challenges across the U.S. only further highlight the importance of such strategic relationships."

With more perishables moving through southern ports, strong growth in food sales, a growing trend of online grocery shopping, and an insufficient and aging stock of food storage facilities, Blackline is developing a modern, safe, and efficient cold storage network that incorporates flexibility for multiple segregated temperature zones (including blast freezing capability); 50+ foot clear ceiling heights; and both truck and rail connectivity in order to serve a broad range of cold storage customer requirements.

The Port of Houston site is strategically located within the heavy-haul corridor in close proximity to the Barbours Cut and Bayport container terminals and with convenient access to the regional interstate highway system and multiple Class 1 railroads. The site also has land available for phased expansions up to 650,000 sf at full buildout.

"Ryder is thrilled to be chosen by Blackline to manage its new, modern, flexible, and strategically located cold storage facility in the Port of Houston," says Darin Cooprider, senior vice president of consumer packaged goods for Ryder. "We look forward to delivering industry leading services that will enhance the customer experience and business performance, as well as deepening our relationship with Blackline as it continues to grow and thrive in the cold-storage space."

About Blackline Cold Storage, LLC
Blackline Cold Storage, LLC is a public cold storage warehouse developer and operator owned by Blackline Partners, LLC, a private growth-oriented company that has developed into an integrated asset development and investment company that today focuses on unique and opportunistic projects leveraging its core strengths and experiences in commodities, supply chain management, facility operations, logistics and distribution.

For sales and marketing inquiries, please contact John Prendergast, VP Sales and Marketing, via email at jprendergast@blackline-partners.com or (617) 251-9078. Blackline is currently engaged in discussions with prospective clients who are interested in securing capacity in this modern, flexible and strategically located facility. For additional information, please visit https://blacklinecoldstorage.com/.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/blackline-cold-storage-llc-selects-ryder-to-manage-its-new-port-of-houston-cold-storage-facility-301437410.html

SOURCE Blackline Cold Storage, LLC

FAQ

What is the partnership between Ryder and Blackline Cold Storage?

Ryder has been selected to manage operations at Blackline Cold Storage's new facility in Houston, TX.

When is the cold storage facility expected to launch?

The facility is set to launch in the first quarter of 2022.

What are the key features of the new cold storage facility?

The facility includes segregated temperature zones, blast freezing capability, and rail connectivity.

Where is the new cold storage facility located?

It is located at the Port of Houston, TX.

How large is the new cold storage facility?

The facility spans 298,000 square feet.

Ryder System, Inc.

NYSE:R

R Rankings

R Latest News

R Stock Data

6.58B
41.27M
2.25%
90.55%
2.15%
Rental & Leasing Services
Services-auto Rental & Leasing (no Drivers)
Link
United States of America
MIAMI