I Squared Capital Creates One Of The Largest Full-service Trailer Lessors In The United States

I Squared Capital Creates One Of The Largest Full-service Trailer Lessors In The United States

OHIO AND NEW JERSEY- SEPTEMBER 6, 2023: Star Leasing Company, a leading provider of trailer leasing and maintenance services and a portfolio company of I Squared Capital, announced today that it has signed an agreement to combine with Commercial Trailer Leasing (CTL), a full-service trailer lessor with a fleet size of over 19,000 assets serving both national and regional account customers throughout the United States. In conjunction with Star Leasing’s recent combination with North East Trailer Services (NETS), a leading trailer lessor with a fleet of over 10,000 trailers, the combined company will be one of the largest trailer lessors in the United States. The combined fleet size will be approximately 55,000 trailers by year-end with branches in the Northeast, Midwest, Southeastern, and Western regions of the U.S. The combined companies provide a full-suite of services including rentals, maintenance, trailer sales and integrated leasing to its customers, predominantly under long-term contracts.

Read the full press release here.

Star Leasing Company, LLC Acquires Cooling Concepts

COLUMBUS, OHIO – MAY 9, 2022: Star Leasing Company, LLC, a leading semi-trailer lessor in the U.S. and a portfolio company of I Squared Capital, has acquired Cooling Concepts, a refrigerated semi-trailer leasing company with customers in over 30 states.

The transaction is accretive to Star’s core business, expanding its footprint, refrigerated trailer fleet, and overall reach within the marketplace. Star’s reputation for providing long-term, customized full-service leases is very synergistic to Cooling Concepts’ business model. Both teams have a long history of providing tailored solutions for each customer’s needs and challenges in their respective areas of focus.

Download the press release below:

Download Here

Transportation Research Board Virtual Conference

The year 2020 has felt as if things came to a standstill. Everyone everywhere has been and still is affected by the pandemic. Restaurants, schools, and business all closed temporarily or permanently. All normalcy that everyone was comfortable with disappeared. That is why this year the Transportation Research Board (TRB), annual conference will be focusing on the effects Covid-19 has had on the industry. This year is special because the conference is being held virtually at trb.org. They will be discussing on how the pandemic affected transportation modes, role of transit, and technological advancements. The committee meeting is happening now through Jan 15th. The workshops and lectures are taking place Jan 21-29. For more information please click on the link: TRB Hosting Virtual Annual Conference | Transport Topics (ttnews.com) or go to trb.org.

Safety Check list will Possibly add Underride Rear Guard to it

The FMCSA proposed to add rear impact guards to the inspections list for motor carriers and roadside inspectors. The reason for this is in the past CVSA inspectors did not cite a trucker for damage or loose rear guard. The new proposal will make CVSA inspector in the future take a closer look at the underside, and rear guards. According to Collin Mooney, executive director of the Commercial Vehicle Safety Alliance, there is a “catch all” regulation that requires that the underride guard to not be damaged. However, the decision of the on whether to write up a citation is left up to each the inspector. Adding a rule to add rear impact guards to the annual inspections list will make the rules more defined instead of subjective.

For more information click on the link: FMCSA Proposes to Add Truck Rear Underride Guards to Safety Checklist | Transport Topics (ttnews.com)

EkoStinger

Our partners at EkoStinger have decided to showcase us on their website. EkoStinger for over a year has been providing us at Cooling Concepts with reliable side skirting that helps our trailers stay fuel efficient and wind stability. Our President/CEO, Tim Shasserre was quoted, “Wind stability is a real concern for trailers in severe weather conditions.

We’re a full-service leasing company… we maintain everything. It’s extremely difficult to replace side skirts when there is an issue. The EkoStinger product holds up better – it’s very durable.”

Please click the link below to see the article from EkoStinger for the full article: EkoStinger Customer Profile: Cooling Concepts Refrigerated Trailer Leasing | EkoStinger

Cooling Concepts Cares about our Neighbors

Our holiday gift to you this year is a donation to multiple needy families across Belleville, Illinois. As a company, Cooling Concepts made a decision based on the needs of so many families throughout the region as well as keeping everyone safe.

We are working with our local Belleville Chamber to provide 50 needy families with food & gifts this upcoming holiday season. We Will be Supplying the following:

50 Holiday Meals (boxed by Schnucks)

50 Target, Wal-Mart, or gift cards (used for kid’s toys, etc.)

We hope that our gifts will help these families bring a little joy and happiness this holiday. Everyone from Cooling Concepts wishes you the best of the holiday season, and good will to all!

Happy Holidays

Restaurants need help in their struggle to stay open

The year 2020 has not been easy. The global pandemic ahs put a stain on everyone, and every industry. One industry that has been hit especially hard is the restaurant industry. A survey done by the National Restaurant Association, reported that the Covid-19 Pandemic has forced the closure of 100,000 restaurants in the past six months. They also found that 40% of restaurant operators thing that without some type of relief or aid, they will be unable to stay in business after six more months. Mark S. Allen, President and CEO of the International Foodservice Distributors Association (IFDA) was quoted saying “With forty percent of all restaurant owners reporting they may have to close their doors within six months without federal assistance, IFDA implores Congress to take action. Funds tied to previous federal support programs have dried up and as fall approaches, outside dining options will be limited in cold weather states which further threatens the restaurant industry. We stand with our partners at the National Restaurant Association and ask Congress to pass a second round of Paycheck Protection Program (PPP) funding that allows forgiveness for both operating expenses, like inventory and supplies, as well as payroll. Allowing restaurants to use PPP funds to pay suppliers helps pay for the food and supplies they need to keep their kitchens cooking.” (https://www.ifdaonline.org/news-insights/industry-news/supportrestaurants) For information please click on the link.

CCL News: The Importance of Telematics.

Covid-19 has been rough and hard on everyone, putting almost everyone and everything on lock down, and stress on the economy. It has also revealed, vulnerabilities in our supply chain, which is of great importance. However, with those vulnerabilities now out in the open we can now learn and look for solutions to solve them. One of those solutions is the demand for reefer monitoring with telematics. This is important to our company because, we at Cooling Concepts already have telematics installed in all our ready to lease trailers. These telematics helps monitor, everything from temperature, location, and driver behavior. If you would like to read up on more information, click on the link below. The article was done by Powerfleet and even has some quotes from our very own CEO Tim Shasserre.

Read The Article on Freightwaves.com

ITA Southern Illinois Council Meeting

The ITA Southern IL Council met on Thursday in O’Fallon, IL. Eric Gallien provided a legislative update and the 2018 officer elections were held. The 2018 officers will be:

Bob Stock – Chairman

Joe Newman – Vice Chairman

Bob Christ – Secretary

Scott Synoground from Meritor shared information about new safety technology available on trucks today. Don White represented Cooling Concepts for this meeting.

Good Food Concepts, LLC. Recalls Beef Products Due To Possible E. Coli O26 Contamination

https://www.fsis.usda.gov/wps/portal/fsis/topics/recalls-and-public-health-alerts/recall-case-archive/archive/2017/recall-089-2017-release

Logos Ato
Logos Ita
Logos Mota
Logos Ntpc
Logos Smartway
Chicago Midweast Meat Co