Press Release,
Friday, July 29, 11:56 AM ET

Trailer Bridge Transitions to Independent Board to Meet Present NASDAQ Rules and Announces Second Quarter Earnings Release and Conference Call Schedule
 

JACKSONVILLE, Fla.--(BUSINESS WIRE)--July 29, 2005--Trailer Bridge, Inc. (NASDAQ: TRBR - News) today announced that the majority of its board will now be comprised of independent directors. This was accomplished through the addition of Robert P. Burke as an independent director and the resignation of three non-independent directors, resulting in a seven-person board that includes four independent directors. Previously, the Company's nine-person board included only three directors who met the present NASDAQ standards related to director independence. Trailer Bridge ceased to be a controlled entity, as defined by NASDAQ, and was mandated to have a board of directors comprised of a majority of independent members by August 2005 to remain in compliance with NASDAQ rules.

Mr. Burke, 45, was most recently the CEO of Great Circle Capital, a $120 million private equity firm specializing in marine transportation investments that was funded the Overseas Private Investment Corporation, an independent developmental U.S. government agency, and private investors. Mr. Burke, who founded the firm, recently sold his interest in Great Circle Capital. A graduate of the U.S. Merchant Marine Academy at Kingspoint who sailed on U.S. flag vessels for three years, Mr. Burke also earned an MBA from Columbia Business School. Prior to founding Great Circle Capital, his background included ten years in the lending sector leading to his directing the marine finance division at General Electric Capital.

Resigning as directors are Artis E. James, Jr., F. Duffield Meyercord, and William G. Gotimer, Jr., none of whom are deemed independent under the present NASDAQ rules.

John D. McCown, Chairman and Chief Executive Officer of Trailer Bridge, said, "We are very pleased to have someone with Bob Burke's judgment and record of marine business success joining our board. His insight and experience will benefit all of our shareholders. I thank Artis James and Duff Meyercord for their service as board members for eight years and three years, respectively. We're all very appreciative of their efforts. Meanwhile, Bill Gotimer will continue to provide the advice and counsel that has benefited all of our shareholders in his central role as EVP and General Counsel, and participate in all board meetings as Corporate Secretary."

Separately, Trailer Bridge announced that it will release its earnings for the second quarter prior to market opening on Thursday, August 4th and it will then discuss those results in a conference call later that morning at 10:00 A.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. The conference call will be archived and accessible for approximately 30 days if you are unable to listen to the live call.

Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower 48 states and Puerto Rico, bringing efficiency, 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 certain statements regarding the intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward looking statements 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 market conditions and 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.

Contact: 
     Trailer Bridge, Inc.
     John D. McCown, 800-554 -1589
     www.trailerbridge.com
     or
     TRBR INVESTOR RELATIONS COUNSEL:
     The Equity Group Inc.
     www.theequitygroup.com
     Adam Prior, 212-836-9606
     or
     Devin Sullivan, 212-836-9608


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