This article contains promotional content .(January 2015) |
Company type | Private |
---|---|
Industry | Transportation |
Founded | 1991 |
Founder | Malcom McLean |
Headquarters | Jacksonville, Florida, USA |
Key people | Mitch Luciano, President/CEO; Nate Coverdale, VP Finance |
Services | Freight transport, maritime transport, vehicle shipping, vessel chartering, logistics, Intermodal freight transport, Truckload shipping and Less than truckload shipping |
Revenue | $118.2 million (2010) |
Number of employees | 214 (2014) |
Parent | SEACOR Holdings [1] |
Website | trailerbridge |
Trailer Bridge, Inc. is a freight service company headquartered in Jacksonville, Florida. They offer international and domestic shipping with primary international calls to San Juan, Puerto Rico and Puerto Plata, Dominican Republic. [2]
Trailer Bridge was founded in 1991 by Malcom McLean, who is recognized in the industry as "The Father of Containerization". McLean had previously started McLean Trucking Company in Winston-Salem, North Carolina, which he built into one of the largest trucking companies in the United States. He saw the need for a service that could, in the words of the company, provide "true single-carrier responsibility across the United States and on to Puerto Rico". [3] In April 1991, McLean founded Trailer Bridge, and in the following February, Trailer Bridge made its first shipment from Jacksonville, Florida, to San Juan, Puerto Rico.
In 1997, Trailer Bridge went public on NASDAQ and moved its headquarters to Jacksonville. Over the years, it expanded its fleet and capacity, and in 2000, it unveiled its shipment tracking tool. In 2004, Trailer Bridge purchased all of Kadampanattu Corporation's stock, thus gaining two 736-foot, triple-deck, ro/ro barges. [4] In 2010, Trailer began offering weekly service to and from Jacksonville and Puerto Plata, Dominican Republic.
During the 4th quarter of 2011, the company had notes totaling $82.5 million come due. Unable to meet this obligation, they filed Chapter 11 bankruptcy. In the first quarter of 2012, a judge approved their reorganization plan which effectively gave Seacor Holdings control of the company with three of seven directors on the Trailer Bridge board. [1] A press release from Trailer Bridge stated that Seacor Holdings “intends to use its extensive maritime transportation experience to assist the company in implementing its strategy to return it to sustainable and profitable operations.” [1] Seacor Holdings did not comment, but a Credit Suisse analyst stated, “Distressed acquisition opportunities [are the company's] bread and butter. Management does not like losses; therefore, we do not expect Seacor to hold onto businesses not generating their cost of capital.” [1]
In 2012, Trailer Bridge celebrated the 20th anniversary of its inaugural voyage and five years of service to Puerto Plata, DR, and also reached its one millionth customer booking, established TB Logistics, and added more containers, making it one of the world's largest fleets.
Trailer Bridge was recognized in 2016 as one of Jacksonville's best places to work by the Jacksonville Business Journal. [5] In 2021, Trailer Bridge announced partnership with supply chain and logistics SaaS firm Mastery Systems. [6]
Trailer Bridge is a U.S. flag (Jones Act) transportation provider and carrier offering cargo shipping, vessel chartering, barge chartering, and vehicle shipping services between Jacksonville, Florida, San Juan, Puerto Rico, and the Dominican Republic on a weekly basis. The company's logistics management services include Less than truckload shipping, truckload, and intermodal services through its third party logistics unit. Its fleet of 53-foot by 102-inch containers offers about 40% more capacity compared to other containers and their 3,860 cubic feet translates to more value for customers. [7] Trailer Bridge also offers car shipping to Puerto Rico and the Dominican Republic. Customers can use Trailer Bridge's AutoBridge service to get an instant quote for shipping a car to Puerto Rico from Florida and more. And with TB Quick Track, customers can track their shipments. [8]
Trailers destined for Puerto Rico are picked up almost anywhere in the continental U.S. and driven to Jacksonville, where they are loaded onto a barge for the five-day trip to San Juan. In 2007, the company added the Dominican Republic as a shipping destination and is, according to The Jacksonville Business Journal , the only service "between the U.S. and the Dominican Republic using U.S.-flagged ships." [9] The company expects to service Cuba when the US permits it.
The barges owned by Trailer Bridge have no propulsion system; instead, they rely on ocean-going tugboats supplied by other companies to tow the vessels to and from their destinations.
The company leases 26.5 acres (107,000 m2) of land at the southwestern tip of Blount Island from the Jacksonville Port Authority where they dock, load and unload their barges. [10]
The company went public in 1997. According to Wright Investors’ Service, at the end of 2007, the company operated a fleet of 114 tractors, 241 high-cube trailers, 3,882 53-foot-high cube containers and 3,177 53-foot chassis to transport truckload freight. They also owned two 736-foot triple-deck, roll-on/roll-off (RORO) ocean-going barges and three 403-foot Triplestack box carriers. [11] Their stock reached an all-time high of $14.75 in 2007. [12]
In 2000, Trailer Bridge joined the U.S. Environmental Protection Agency's Climate Wise Program to collaborate with others on innovative ways to boost energy efficiencies and improve pollution conditions. Then, in 2006, it joined the SmartWaySM Transport Partnership where the EPA and freight industry work together to not only increase energy efficiencies and improve air pollution but also to reduce greenhouse gases. Its efforts in this organization earned it the SmartWaySM Transport Partnership's Environmental Excellence Award. In 2010, Trailer Bridge made the change to Ultra Low Sulfur Diesel. This fuel exceeds two IMO standards: 1) no more than 0.5% sulfur content for all vessel fuel by 2020 and 2) Emission Control Areas for less than 1.0% sulfur content by 2010 and 0.1% by 2015.
Trailer Bridge implemented its own environmental protection award called Breath Easy. This award "calculates the percentage reduction in particulate matter emissions that can be associated with [customers'] shipments moving with Trailer Bridge's environmentally superior transport system." [13]
Many of Trailer Bridge's customers are blue chip companies. New cars and trucks are a major segment of their cargo, and vehicles are shipped for Ford, DaimlerChrysler and General Motors. Several major retail chains use Trailer Bridge to ship containers to their stores, including JC Penney, Home Depot, Costco and Toys 'R' Us. Costco was added as a customer in 2008. Other products are shipped to Puerto Rican distribution centers by major manufacturers Georgia-Pacific, General Electric, Procter & Gamble, Whirlpool and SC Johnson. [14]
Freight transport, also referred to as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air as well. "Logistics", a term borrowed from the military environment, is also used in the same sense.
Containerization is a system of intermodal freight transport using intermodal containers. Containerization, also referred as container stuffing or container loading, is the process of unitization of cargoes in exports. Containerization is the predominant form of unitization of export cargoes today, as opposed to other systems such as the barge system or palletization. The containers have standardized dimensions. They can be loaded and unloaded, stacked, transported efficiently over long distances, and transferred from one mode of transport to another—container ships, rail transport flatcars, and semi-trailer trucks—without being opened. The handling system is mechanized so that all handling is done with cranes and special forklift trucks. All containers are numbered and tracked using computerized systems.
An intermodal container, often called a shipping container, or cargo container, (or simply “container”) is a large metal crate designed and built for intermodal freight transport, meaning these containers can be used across different modes of transport – such as from ships to trains to trucks – without unloading and reloading their cargo. Intermodal containers are primarily used to store and transport materials and products efficiently and securely in the global containerized intermodal freight transport system, but smaller numbers are in regional use as well. It is like a boxcar that does not have wheels. Based on size alone, up to 95% of intermodal containers comply with ISO standards, and can officially be called ISO containers. These containers are known by many names: freight container, sea container, ocean container, container van or sea van, sea can or C can, or MILVAN, or SEAVAN. The term CONEX (Box) is a technically incorrect carry-over usage of the name of an important predecessor of the ISO containers: the much smaller steel CONEX boxes used by the U.S. Army.
Intermodal freight transport involves the transportation of freight in an intermodal container or vehicle, using multiple modes of transportation, without any handling of the freight itself when changing modes. The method reduces cargo handling, and so improves security, reduces damage and loss, and allows freight to be transported faster. Reduced costs over road trucking is the key benefit for inter-continental use. This may be offset by reduced timings for road transport over shorter distances.
In transportation, freight refers to goods conveyed by land, water or air, while cargo refers specifically to freight when conveyed via water or air. In economics, freight refers to goods transported at a freight rate for commercial gain. The term cargo is also used in case of goods in the cold-chain, because the perishable inventory is always in transit towards a final end-use, even when it is held in cold storage or other similar climate-controlled facilities, including warehouses.
Con-way, Inc. was an American multinational freight transportation and logistics company headquartered in Ann Arbor, Michigan, United States. With annual revenues of $5.5 billion, Con-way was the second largest less-than-truckload transport provider in North America, with additional operations for global contract logistics, managed transportation, truckload and freight brokerage. The company's services were sold through its primary operating companies of Con-way Freight, Con-way Truckload and Menlo Worldwide. These operating units provided less-than-truckload (LTL), full truckload and multimodal freight transportation, as well as logistics, warehousing and supply chain management services. Con-way, Inc. and its subsidiaries operated from more than 500 locations across North America and in 20 countries.
Rail freight transport is the use of railways and trains to transport cargo as opposed to human passengers.
Truckload shipping is freight transport in which a semi-trailer or intermodal container is filled entirely with one type of cargo. It differs from less-than-truckload shipping (LTL) in which freight from multiple customers is combined in one trailer. A truckload carrier is a trucking company that contracts entire trailer-load to a single customer.
Less-than-truckload shipping or less than load (LTL) is the transportation of an amount of freight sized between individual parcels and full truckloads. Parcel carriers handle small packages and freight that can be broken down into units less than approximately 150 pounds (68 kg). Full truckload carriers move entire semi-trailers. Semi-trailers are typically between 26 and 53 feet and require a substantial amount of freight to make such transportation economical. The term LTL can refer to the freight itself, or to the carrier that transports the such freight.
Crowley, legally Crowley Maritime Corporation, is based in Jacksonville, Florida, United States. Founded in 1892, Crowley is primarily a family- and employee-owned vessel management, owner, and supply chain logistics services company, providing services globally. As of July 2016, Crowley was ranked as the 13th largest private company in Florida, employing approximately 5,300 people worldwide with revenues of $2.2 billion. It provides its services using a fleet of more than 300 vessels, consisting of RO-RO vessels, LO-LO vessels, tankers, Articulated Tug-Barges (ATBs), tugs and barges. Crowley's land-based facilities and equipment include terminals, warehouses, tank farms, and specialized vehicles.
C.H. Robinson Worldwide, Inc. is an American transportation company that includes third-party logistics (3PL). The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.
Malcom Purcell McLean was an American businessman who invented the modern intermodal shipping container, which revolutionized transport and international trade in the second half of the twentieth century. Containerization led to a significant reduction in the cost of freight transportation by eliminating the need for repeated handling of individual pieces of cargo, and also improved reliability, reduced cargo theft, and cut inventory costs by shortening transit time. Containerization is a major driver of globalization.
Contract Freighters, Inc. (CFI), a subsidiary of Heartland Express, is an American truckload freight carrier headquartered in Joplin, Missouri with operations in the continental US, Canada, and Mexico. Easily recognizable on the highway by their iconic bright red Kenworth trucks. CFI provides point-to-point, full truckload, dry van service, as well as refrigerated transport, and utilizes single drivers as well as two-person driver teams over long-haul routes—most commonly with each trailer containing only one customer's goods.
Con-way Freight was a less-than-truckload (LTL) motor carrier headquartered in Ann Arbor, Michigan, utilizing a network of freight service centers to provide regional, inter-regional and transcontinental less-than-truckload freight services throughout North America. The business unit provided day-definite delivery service to manufacturing, industrial and retail customers. Con-way Freight was the largest division of Con-way, Inc. with 16,600 employees, more than 365 operating locations, 16,000 dock doors and 32,750 tractors and trailers. The company was founded by Consolidated Freightways (CF) of Portland, Oregon, as a non-union spinoff, for LTL hauling. In 2009, Con-way Freight reported revenues of over $2.6 billion. In 2015, Con-way Inc., including Con-way Freight and sibling company Con-way Truckload, was acquired by XPO, Inc., a primarily non-asset logistics company from Greenwich, Connecticut, in a deal worth $3.5 billion.
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Horizon Lines, Inc. was an American domestic ocean shipping and logistics company headquartered in Charlotte, North Carolina. It was the largest Jones Act-compliant maritime shipping and logistics company, and accounted for approximately 37 per cent of all U.S. container shipments linking the continental United States to Alaska, Hawaii and Puerto Rico. Under the Jones Act, maritime shipments between U.S. ports is restricted to U.S.-built, owned, and flagged vessels operated by predominantly U.S.-citizen crews. The company originated from Sea-Land Service, Inc. The domestic liner operations of Sea-Land were sold in 2003 and thereafter operated under the name Horizon Lines. Horizon became a publicly traded company on the New York Stock Exchange in 2005. In 2015 the company was acquired by Matson Navigation Company.
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