Southern Refrigerated Logistics operates a national fleet of temperature-controlled trucks and warehousing focused on the southeastern United States. The company specializes in last mile cold chain solutions for food, pharmaceuticals, and specialty commodities that require tight temperature control.
As of the 2018 reporting period, market estimates positioned Southern Refrigerated Net Worth in a mid tier range within the specialized logistics sector. This snapshot reflects assets, capital structure, and operational scale supporting regional service in a competitive climate.
| Metric | 2016 | 2017 | 2018 |
|---|---|---|---|
| Reported Net Worth (USD millions) | 190 | 210 | 240 |
| Revenue (USD millions) | 420 | 480 | 530 |
| Fleet Size (Units) | 140 | 160 | 180 |
| Warehouse Space (sq ft) | 2.1M | 2.4M | 2.7M |
| Primary Coverage States | GA, AL, FL | GA, AL, FL, SC | GA, AL, FL, SC, NC, TN |
2018 Operating Performance and Network Scale
Fleet Utilization and Capacity
In 2018, Southern Refrigerated maintained a fleet of 180 temperature-controlled units, enabling same day and next day delivery for time sensitive loads across its southeastern footprint. Average trailer utilization remained high, driven by consistent demand from grocery distributors, hospitals, and pharmaceutical accounts.
Warehouse and Cross Docking Footprint
The company operated 2.7 million square feet of warehouse space, including cross docking hubs in Atlanta, Charlotte, and Tampa. These facilities supported value added services such as repalletization, kitting, and cold storage for frozen, refrigerated, and controlled room temperature goods.
Financial Position and Capital Structure
Balance Sheet Highlights
Southern Refrigerated Net Worth at the close of 2018 reflected a solid balance sheet with controlled leverage and growing cash flows. The company favored long term financing for new equipment and facility expansions, which helped preserve liquidity.
Investment in Compliance and Technology
Capital deployment in 2018 emphasized ELD compliance, telematics, and temperature monitoring systems. These investments reduced out of compliance events, improved load visibility for customers, and supported premium service tiers.
Market Position in the Southeast Cold Chain
Competitive Set and Service Differentiation
Compared with national carriers, Southern Refrigerated offered tighter regional coverage and more flexible pickup windows across Georgia, Alabama, Florida, and adjacent markets. Relationships with regional brokers and 3PL providers created a stable volume base."
Customer Segments and Revenue Mix
Food producers, specialty grocers, and healthcare logistics buyers represented the core revenue streams in 2018. The company also handled time sensitive pharmaceutical trials and clinical trial logistics, which carried higher margins and stricter service requirements.
2018 Strategic Focus and Operational Priorities
- Expand trailer fleet to 180 units with redundant refrigeration capacity for critical loads
- Grow warehouse coverage to 2.7 million sq ft across priority metros in the Southeast
- Implement ELD and telematics to strengthen compliance, safety, and real time customer visibility
- Enhance pharmaceutical and clinical trial service capabilities with validated temperature controls
- Optimize route density and cross docking to improve asset turns and cash conversion
FAQ
Reader questions
What does the 2018 net worth estimate include and exclude?
The estimate includes tractor units, trailers, owned warehouse facilities, and capitalized leases, while reflecting standard deductions for accounts payable, accrued liabilities, and debt. Intangible brand value and off balance sheet operating obligations are excluded.
How does 2018 net worth compare with other regional refrigerated carriers?
Relative to peers, Southern Refrigerated Net Worth positioned the company as a mid sized specialist with stronger regional depth than national lessors, but with lower scale than large diversified logistics providers.
What drove year over year net worth growth from 2017 to 2018?
Incremental warehouse leases, fleet additions, and improved operating leverage contributed to higher retained earnings and a modest uplift in net worth, supported by steady customer demand across key verticals.
Are the 2018 figures adjusted for acquisition or divestiture activity?
The reported net worth reflects operations as consolidated through December 2018, with no material acquisitions or divestitures impacting the period, ensuring comparability with prior year reporting.