CONTACT: -OR- TRBR INVESTOR RELATIONS COUNSEL:
Trailer Bridge, Inc. The Equity Group Inc.
(800) 554 -1589 Devin Sullivan (212) 836-9608
FOR IMMEDIATE RELEASE
Jacksonville, FL – May 11, 2007 -- Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) today announced that it will release its earnings for the first quarter ended March 31, 2007 the afternoon of Tuesday, May 15, 2007. The Company will then discuss those results in a conference call later that afternoon at 4:30 P.M. (Eastern Time). The dial in number is 888-737-9834. The call will also be simultaneously broadcast over the Internet. To listen to the live webcast, please go to www.trailerbridge.com and click on the conference call link, or go directly to http://investor.shareholder.com/media/eventdetail.cfm?mediaid=25590&c=TRBR&mediakey=52FB9ED0D7DDB9C98DBE3BD9D5AAF39C&e=0. The conference call will be archived and accessible for approximately 30 days if you are unable to listen to the live call.
Trailer Bridge also announced that it has begun taking delivery of the new 53’ containers and chassis it ordered earlier this year to be utilized in a new service to include Dominican Republic. By the end of August, a total of 1,000 new 53’ containers and 850 new 53’ chassis, both painted in a new distinctive blue color, will be delivered to Trailer Bridge. This equipment represents an investment of approximately $17.5 million which will be funded with a combination of cash and in-place financing. The new 53’ containers will have more inside cubic space and a 5” higher door opening compared to the Company’s present 53’ containers. The new containers are also constructed with steel and have an increase in floor rating resulting in higher strength which will lead to more loading flexibility and the ability to load more 53’ containers on the Company’s TBC vessels. As part of this overall equipment order, Trailer Bridge is also building five 53’ containers with roll-up doors rather than the normal swing doors. This is the first time 53’ marine containers have ever been built with the same type of roll-up doors that all retailer-owned 53’ trailers on the mainland utilize. A benefit of a roll-up door is that it can be opened and closed while the unit is directly against a warehouse or retail store loading dock. This can’t be done with a swing door unit without a tractor to position and reposition it. Trailer Bridge believes these special units have particular applicability for retail shipments to Puerto Rico and it will be test-marketing these unique units with selected shippers.
“Our new equipment looks great and shippers have confirmed to us that the additional cube and higher door openings of the containers are attractive differences and they are excited about what it can do to further enhance their supply chain economics,” said Dave Miskowiec, Trailer Bridge’s VP of sales.
Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower 48 states and Puerto Rico, bringing efficiency, service, security and environmental and safety benefits to domestic cargo in that traffic lane. This total transportation system utilizes its own trucks, drivers, trailers, containers and U.S. flag vessels to link the mainland with Puerto Rico via marine facilities in Jacksonville and San Juan. Additional information on Trailer Bridge is available at the www.trailerbridge.com website.
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters discussed in this press release include statements regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to the future operating performance of the Company. Investors are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward looking statements as a result of various factors. Without limitation, these risks and uncertainties include the risks of economic recessions, severe weather, changes in the price of fuel, changes in demand for transportation services offered by the Company, capacity conditions in the Puerto Rico trade lane and changes in rate levels for transportation services offered by the Company.
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