'ColdPort Announces Strategic Divestiture of Non-Core Transportation Assets to Focus on Core Storage Operations'

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ColdPort Announces Strategic Divestiture of Non-Core Transportation Assets to Focus on Core Storage Operations

DALLAS, TX – February 20, 2026 – ColdPort, a premier provider of temperature-controlled supply chain solutions, today announced the successful divestiture of its regional transportation fleet to SwiftFlow Logistics, a specialized national carrier. This strategic transaction, valued at approximately $85 million, marks a significant shift in ColdPort’s operational strategy, allowing the company to hyper-focus its capital and executive resources on its rapidly expanding core business: technologically advanced cold storage warehousing.

The divested assets include a fleet of 150 refrigerated trailers and 85 modern tractors, along with associated maintenance facilities and routing software platforms. Concurrently, ColdPort has entered into a long-term, preferred-provider strategic partnership with SwiftFlow Logistics. This partnership ensures that ColdPort’s clients will continue to receive seamless, integrated transportation services, but managed by a dedicated transportation specialist.

"In today’s incredibly complex supply chain environment, specialization is the key to excellence," said David Simpkins, Founder & CEO of ColdPort. "While our transportation division has been historically profitable, our internal analysis made it clear that our truest competitive advantage lies within the four walls of our technologically advanced warehouses. By divesting these non-core assets, we are freeing up significant capital to accelerate the expansion of our next-generation cold storage network, both domestically and internationally."

The strategic partnership with SwiftFlow Logistics guarantees that existing ColdPort customers will experience no disruption in service. SwiftFlow will establish dedicated dispatch operations within key ColdPort hubs, ensuring that the synchronization between warehouse operations and freight movement remains incredibly tight. The integration of both companies’ data platforms will provide customers with end-to-end visibility, from storage through to final delivery.

"This is a classic 'win-win' scenario for our operations and our customers," Simpkins elaborated. "We are handing over the steering wheel to an exceptional transportation operator while maintaining the integrated service model our customers rely on. This allows the ColdPort leadership team to dedicate 100% of our focus on what we do best: engineering, building, and operating the most efficient, sustainable, and intelligent temperature-controlled facilities in the world."

The proceeds from the divestiture will be immediately deployed into ColdPort’s ambitious capital expenditure program. Specifically, the funds will accelerate the deployment of high-density automated storage and retrieval systems (AS/RS) in two existing facilities and provide early-stage capital for a planned greenfield development project in the Pacific Northwest.

The transaction also significantly improves ColdPort’s balance sheet, reducing capital intensity and improving the company’s return on invested capital (ROIC) metrics, making it well-positioned for future strategic acquisitions in the warehousing space.

About ColdPort ColdPort is a leading innovator in the temperature-controlled warehousing sector, managing a vast network of state-of-the-art facilities. Driven by a commitment to technological integration, operational excellence, and sustainability, ColdPort provides highly secure, efficient, and transparent storage solutions for the food, beverage, and pharmaceutical industries.

Media Contact: ColdPort Communications media@gocoldport.com +1 (800) 555-0199