Lineage Logistics Market Research Report
Company Overview
Name, Mission of the Company
Company Name: Lineage Logistics
Mission: "To transform the food supply chain to eliminate waste and help feed the world."
When was the Company Founded and by Whom
Year Founded: 2008
Founders: Adam Forste and Kevin Marchetti
Key People in the Company
- Greg Lehmkuhl, President & Chief Executive Officer
- Rob Crisci, Chief Financial Officer
- Jeff Rivera, Global Chief Operations Officer
- Sudarsan Thattai, Chief Information Officer & Chief Transformation Officer
- Natalie Matsler, Chief Legal Officer & Corporate Secretary
- Tim Smith, Chief Commercial Officer
- Sean Vanderelzen, Chief Human Resources Officer
- Brian McGowan, Chief Network Optimization Officer
- Brian Beattie, President, North America West
- Matt Cramer, President, North America East
- Harld Peters, President, Europe
- Brooke Miller, President, Asia Pacific
- Greg Bryan, Chief Integrated Solutions Officer
Headquarters
Location: 46500 Humboldt Drive, Novi, MI 48377
Number of Employees
Employees: No information is available.
Revenue of the Company
Revenue: No information is available.
What is the Company Known For
Lineage Logistics is known for being the world's largest temperature-controlled warehousing and logistics company. The company leverages its extensive network and innovative technologies to transform the food supply chain, aiming to eliminate waste, increase efficiency, and help feed the world.
Products
What Products Do They Offer & Description
1. Global Warehousing Solutions:
- Cold Storage Warehousing: Strategically located cold storage facilities designed to protect temperature-controlled products.
- Automated Warehousing: Next-generation technology and processes to maximize storage density and reduce service times.
- Port-Centric Warehousing: Integration with global markets via port operations and transload services.
- Built-to-Suit Warehousing: Customized storage and warehousing services tailored to unique customer needs.
2. Integrated Transportation Solutions:
- Temperature-Controlled Rail: Utilization of the largest private fleet of refrigerated and insulated rail cars in North America.
- Managed & On-Demand Truckload Solutions: Third-party transportation solutions for various transportation needs.
- Freight Forwarding: Efficient coordination of full container load cargo globally.
- Customs Brokerage: Authorized customs services to expedite import/export processes.
- Distribution & Fulfillment Centers: Multi-vendor LTL consolidation, direct-to-consumer solutions, and retail distribution services.
Key Features of Each Product
1. Cold Storage Warehousing:
- Sophisticated cold storage facilities
- High standards of food safety and product distribution
- 24/7 operations and advanced WMS technology
2. Automated Warehousing:
- Dynamic profiling and automated storage/retrieval systems
- Maximizes storage density
- Reduces service times and footprint for better energy efficiency
3. Port-Centric Warehousing:
- Integration with global markets via port operations
- Efficient movement of goods through customs and regulations
- Enhanced supply chain engineering
4. Built-to-Suit Warehousing:
- Facilities designed and built to customer specifications
- Maximized efficiency and tailored layouts
5. Temperature-Controlled Rail:
- Largest private fleet in North America
- Sustainability benefits by reducing carbon footprint
- Enhanced visibility and predictability via real-time tracking
6. Managed & On-Demand Truckload Solutions:
- Competitive pricing for inbound and outbound transportation
- 24/7 on-demand options
7. Freight Forwarding:
- Simplified global cargo management
- In-house customs department for paperwork
- Authorized Economic Operator (AEO) certified
8. Customs Brokerage:
- Expedite import/export processes with a single-point provider
- In-house expertise on customs regulations
9. Distribution & Fulfillment Centers:
- High-velocity shipments through consolidation
- Custom packaging and temperature modeling
- 1 and 2-day ground shipping across the U.S.
Recent Developments
What Are the Recent Developments in the Company
1. IPO Announcement: Lineage announced the pricing of its initial public offering (IPO) on July 24, 2024.
2. Innovation Milestone: Reached 100 patents, highlighting their commitment to innovation in cold chain logistics.
What Are the New Products Launched
1. Lineage Eye: Advanced scanning, software, and algorithms to revolutionize cold storage operations.
2. Cool Port II: A new fully-automated facility located in the Port of Rotterdam.
What Are the New Features Added to the Existing Products
1. Lineage Link: Improved real-time visibility and reporting platform.
2. Lego Algorithm: An advanced algorithm to optimize pick pallet build operations and sequencing, integrated with the LinOS system.
Any New Partnerships
1. Foundation for Good Partnerships: Collaborations with food banks and community centers, including ReLondon and FoodCycle to support food waste reduction initiatives.
2. Customer Product Donation Program: Partnerships with Midwest Food Bank, Hands of Hope, Milford Food Bank, and Cultivate Food Rescue to mitigate food waste and support food-insecure communities.
This detailed and professional report highlights Lineage Logistics' leadership within the temperature-controlled warehousing and logistics industry. The company's continuous innovation and strategic development reflect its mission to transform the global food supply chain, eliminate waste, and feed the world.