Lineage sees cold storage inventories stabilize after capacity reductions

AI Summary

Cold-storage operator Lineage said customer inventories have stabilized at lower levels after a period of reductions. The company is continuing to close underused facilities to tighten capacity and reduce debt leverage.

Temperature-controlled warehouse operator Lineage reported on its third-quarter call Tuesday that customer inventories have stabilized at lower levels and that it continues shuttering underutilized facilities to tighten supply and reduce debt leverage. The post Lineage sees cold storage inventories stabilize after capacity reductions appeared first on FreightWaves.