A Florida-based refrigerated fleet plans to shut down for good by the end of February.
Drivers of Cold Carriers Logistics started posting online this week that the fleet is closing — less than half a year after it and affiliated carriers filed for Chapter 11 bankruptcy protection. Since that filing, it has been unable to find new investors.
KJM Capital Transportation Fund owns Cold Carriers and other branded fleets that are expected to close: including Interide Transport, Gannt Trucking and Sunco Trucking. The carriers employ about 350 drivers and has 370 trucks. It also has another 100 non-driving employees.
Cold Carriers was formed in 2015 when KJM Capital acquired Charles Gantt Trucking Inc. Since then, Cold Carriers has acquired Interide Transport, Sunco Carriers and Blue Sky, among other carriers.
Cold Carriers folded the other carriers under its name. The company specialized in temperature-controlled freight and other protected cargo transportation in the U.S.
Sunco was founded in 1932 as Watkins Produce Company. In 1997, Watkins Motor Lines acquired Sunco Carriers and consolidated both companies’ refrigerated OTR operations as Sunco Trucking. It has 159 trucks that operate in the Southeast, Northeast, Midwest and Texas.
Gantt, which operates 102 trucks, was founded in 1965 and has continued to operate in the East, Midwest and South. It specialized in transporting for producers and foodservice companies.
Interide, which was was founded in 2009 and has 136 trucks, operated mostly in the West, Southwest, Midwest and Northeast.
