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Announcements

PPL Group and Quest Leasing Liquidate

Tiger Cool Express's insulated refrigerated container fleet.

Image courtesy of PPL Group

August 24, 2023

Tiger Cool Express has closed, and over 725+ late-model refrigerated intermodal containers are available for immediate sale. Tiger Cool Express was an industry-leading intermodal operator specializing in refrigerated, temperature-controlled freight on the Union Pacific and BNSF for produce, wine and frozen goods. Tiger Cool Express struggled as the intermodal market declined amid reduced demand and low trucking rates. The company operated a late-model fleet of CIMC Insulated Containers with Carrier Refrigeration units, which are available for immediate sale by PPL Group and Quest Leasing.

The equipment, which includes 2022 Slimline and Standard containers, 2022 Insulated containers (without refrigeration units) and 2015 assets are located in Chicago. “This is a terrific opportunity for Intermodal operators to take advantage of late-model, well-maintained equipment available for immediate purchase and delivery,” says Jordan Ayers of Quest Leasing. 

“In addition to intermodal application, these assets can be used efficiently for static cold storage,” says Gary Slager of PPL Group.  The containers operate on diesel power and have an integrated electric input, plugging the unit into an electric power source. Other applications include overflow cold storage for distribution centers, meat processing companies, disaster relief sites, festivals, farmers, ranchers, and other industries needing flexible cold storage solutions.

KEYWORDS: equipment refrigeration systems

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