If you prefer your stored goods stay frozen, then Preferred Freezer Services can keep your stuff on ice. Founded in 1989, the company operates about 25 temperature-controlled warehouses, mainly in the US but is expanding into international markets. Most of the company's facilities are located near major freight hubs; overall, Preferred Freezer Services maintains more than 200 million cu. ft. of storage space. Besides storage, the company provides distribution-related services such as cross docking (shifting inbound freight to outbound carriers), transloading (moving freight from one container type to another) and repacking. Investment firm Fenway Partners owns a controlling stake in Preferred Freezer Services.
Preferred Freezer Services in earlly 2011 moved its headquarters to Chatham, New Jersey. The company needs extra square footage to house its corporate staff and departments all under one roof. It has also opened a second fully-automated facility in Houston, and will be adding a second facility in New Jersey.
Preferred Freezer Services is expanding outside the US, as well. In 2010 it built new facilities in Shanghai, China, and in Ho Chi Minh City, Vietnam. According to industry experts, the Vietnam facility, with its more than 6 million cu. ft. of refrigerated storage and dock space, is the largest single-room cold storage facility in Southeast Asia. The company cites these countries' rapid population growth as the driving force behind the demand for frozen storage. Preferred Freezer Services has also announced plans to expand into Canada.
Through a partnership with Saudi Arabia-based Wared Logistics, Preferred Freezer Services will build and manage refrigerated warehouses in Egypt, Saudi Arabia, and the United Arab Emirates. The first of the dozen or so planned facilities will be in Wared Logistics' hub in Cairo. – less
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