With the intermodal movement of perishables being considered an opportunity due to the length of haul (> 200 miles) and low market penetration, the business plan for Tiger Cool Express is born.
Following a thorough review of the business plan and model, Tiger Infrastructure Partners closes the deal on September 13, 2013.
Following funding, the decision was made to acquire containers to leverage the railroad linehaul economics. In February, the first 15 of 200 containers enters service. The remainder were deployed by May.
Wood Creek Capital Management (now Barings) becomes the second equity investor.
Business continues to grow and IT platform scaled.
We celebrated our 5th anniversary in September and moved our 75,000 load in November.
The challenges of 2020 validated our remote first IT infrastructure, allowing for a seamless transition to working from home. This success allowed for a lowered office carbon footprint and a variety of work/life accomodations.
Expanding the fleet by adding lighter weight and more efficient equipment.