US haulier invests in refrigerated transport
USA-based Hub Group is expanding its supply chain solutions portfolio with the acquisition of cold-chain focused third-party logistics provider Choptank Transport. The USD 130 million takeover broadens Hub’s range of over-the-road refrigerated transport solutions and complements its growing fleet of 450 refrigerated intermodal containers.
Hub intends to further invest in its portfolio by purchasing 550 refrigerated intermodal containers in 2022, bringing the size of its fleet to 1,000.
Since its foundation in 2000, Choptank has achieved one of the fastest growth rates with its expansive network of over 20,000 carriers in North America. (ben)