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Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower 48 states and Puerto Rico and Dominican Republic, bringing efficiency, service, security and environmental and safety benefits to cargo in those traffic lanes. 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, San Juan and Puerto Plata. Additional information on Trailer Bridge is available at the www.trailerbridge.com website.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Shareholder.com; Trailer Bridge, Inc.

Trailer Bridge, Inc.
         John D. McCown, Chief Executive Officer
         800 554-1589
         www.trailerbridge.com

         The Equity Group Inc.
         Adam Prior, TRBR Investor Relations Counsel
         212 836-9606
         aprior@equityny.com

"EPA is pleased to recognize these SmartWay Partners with a 2008 Excellence Award. I commend Trailer Bridge for its leadership in promoting sustainable transportation practices through the SmartWay Transport Partnership," said Margo T. Oge, Director of the Office of Transportation and Air Quality, EPA. "Their commitment is helping lead us toward a cleaner environment and more secure energy supply."

Trailer Bridge was one of 27 companies and organizations, from among the Partnerships' more than 1000 Partners, to receive this distinction. The awards were announced today at the annual conference of the Council of Supply Chain Management Professionals in Denver, Colorado.

"Our partnership with SmartWay Transport underscores our belief that companies can lower their fuel use, save money and help the environment," said John D. McCown, CEO of Trailer Bridge. "The partnership provides us with tools and information, and contributes on a daily basis to significant improvements in our efficiency and environmental performance. We urge all of our colleagues in the freight industry to consider joining SmartWay. Furthermore, Trailer Bridge's existing environmental advantages offer customers and prospects a way to economically get in front of this issue. Implementation of the new IMO standards will result in carriers that use residual fuel being forced to transition to the more expensive distillate fuel we already use, and our cost advantage will widen. Our definition of sustainability includes all economic and environmental concerns, and we continue to feel the fuel quality issue will be a win-win for Trailer Bridge and its customers in the coming months and years."

Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower 48 states, Puerto Rico, and the Dominican Republic bringing efficiency, service, security and environmental and safety benefits to these traffic lanes. This total transportation system utilizes its own trucks, drivers, trailers, containers and U.S. flag vessels to link the mainland with Puerto Rico and the Dominican Republic via marine facilities in Jacksonville, San Juan and Puerto Plata. 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 and its asset utilization. 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 implementing the new deployment, 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 and Dominican Republic trade lanes and changes in rate levels for transportation services offered by the Company.

SOURCE: Trailer Bridge, Inc.

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

Trailer Bridge was the first marine company to join the EPA's SmartWay Transport Partnership, a voluntary business/government collaboration focused on increasing efficiency and reducing emissions. Because all of its vessels use a cleaner distillate fuel all the time, Trailer Bridge's entire fleet already meets all the fuel quality standards recently recommended by the U.N.'s International Maritime Organization (IMO). The U.S. Senate passed a bill approving the IMO framework and on July 21, 2008, President Bush signed that bill into law.

Under the IMO framework and United States law, any emission control areas which are established in the U.S. will require fuel with no more than 1% sulphur in 2010, further reducing to 0.1% by 2015. This is expected to be achieved with distillate fuel, which is the cleaner type of fuel that Trailer Bridge's vessels already use. Separately, there are other local regulatory initiatives focused on the vessel fuel quality issue. In late July, the California Air Resources Board adopted a regulation requiring the use of cleaner distillate fuel within 24 miles of its coast starting in 2009. More recently, five states, including California and New Jersey, sent a letter to the EPA demanding that it regulate vessels by requiring them to use cleaner distillate fuel and threatening legal action if not acted upon within 180 days.

Trailer Bridge believes the vessel fuel quality issue is gaining momentum because the data linking the health effects of particulate matter emissions from vessels burning the typical residual fuel is compelling. A recent study by the leading academic experts in the field linked those emissions to 60,000 deaths each year in coastal areas worldwide, growing by 40% in several years. A wholesale change from typical residual fuel to cleaner distillate, which is what the IMO framework and the other initiatives are focused on, would reduce particulate matter emissions and their resulting morbidity effect by a factor of ten.

Mr. McCown continued, "We like being aligned with the volunteers and other co-sponsors who will make this year's ICC cleanup in Puerto Rico bigger than ever. Their advocacy of greater awareness on this environmental issue fits with our efforts to increase awareness on the vessel fuel quality issue. We have a different transportation system and some of the same elements that deliver efficiency also follow-thru with some significant environmental benefits. We are increasingly seeing indications that marine shippers are incorporating environmental aspects into their decision making process. The fuel quality and emissions aspects of our system are noteworthy differentiating characteristics. The change to distillate fuel is coming and it is a paradigm-shift that will further enhance Trailer Bridge's competitive cost advantages. This is why I continue to address this issue."

Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower 48 states and Puerto Rico and the Dominican Republic, 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, San Juan and Puerto Plata. 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.

SOURCE: Trailer Bridge, Inc.

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

Operating income was $2.6 million in 2008, compared with $2.8 million in 2007. The third quarter operating ratio was 92.6% in 2008 versus 90.2% in 2007. The Company had net income of $34,000, or $0.00 per share, for the third quarter compared to net income of $365,000, or $0.03 per share, in the year earlier period. Trailer Bridge incurred professional costs related to the industry-wide antitrust investigation which totaled $921,000 during the quarter. Two hurricanes in September resulted in schedule vagaries that raised the unearned revenue adjustment by $813,000 and shifted that revenue and profit into the fourth quarter. These storms also resulted in incremental stevedoring overtime estimated at $220,000.

The Company experienced an average tug fuel cost of $3.66 per gallon during the third quarter, a further increase compared to the $3.37 per gallon it experienced in a sequential comparison to the second quarter. Today the Company is paying significantly less for tug fuel as well as tractor fuel and those significantly lower costs will be reflected in the fourth quarter.

CEO John D. McCown said, "The results show record revenue and revenue growth in a flat Puerto Rico economy. The September storms adversely impacted third quarter profit by $1 million but the large majority of that is timing and will be additional profit in the fourth quarter. We also anticipate that the antitrust investigation expenses in the fourth quarter will be approximately half of the $921,000 reported in the third quarter. Based on the most recent information we have on current fuel costs and surcharge levels, we also expect to see in the fourth quarter a net beneficial fuel effect of approximately $2 million compared to the third quarter. When you factor in each of these elements, we are very confident in our ability to report a strong fourth quarter in all respects and are pleased with the continuing trends in our business."

Mr. McCown continued, "Our third quarter revenue growth of 25.4% exceeded the 14.7% and 13.3% top line growth in the second and first quarters, respectively. This growth was accomplished through significant volume increases and market share gains. We believe that the benefits of our 53' system are becoming more apparent to cost-conscious customers and prospects. The Company's growth is continuing with overall October revenue and revenue excluding the effect of fuel surcharges both showing growth rates in excess of the respective third quarter rates."

Financial Position

At September 30, 2008, the Company had cash balances of $3.5 million and working capital of $7.1 million (see attached balance sheet). Trailer Bridge also has the full amount available on its $10 million revolving credit facility.

Conference Call

Trailer Bridge will discuss third quarter results in a conference call today at 5:00 PM (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 click: http://investor.shareholder.com/media/eventdetail.cfm?mediaid=34064&c= TRBR&mediakey=A975A96D3B34185D932A80151777D896&e=0.

(Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

The webcast 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 and Dominican Republic, 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, San Juan and Puerto Plata. 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 and its asset utilization. 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 changes in the price of fuel, changes in fuel surcharge levels, economic recessions, severe weather, changes in demand for transportation services offered by the Company, government regulation, capacity conditions in the Puerto Rico trade lane and changes in rate levels for transportation services offered by the Company.

TRAILER BRIDGE, INC.
CONDENSED STATEMENTS OF OPERATIONS
(Unaudited)
                                                                            Three Months Ended                              Nine Months Ended
                                                                            September 30,                                   September 30,
                                                                            2008                    2007                    2008                    2007
OPERATING REVENUES                                                          $   35,413,471          $   28,229,658          $   99,720,978          $   84,625,752
OPERATING EXPENSES:
Salaries, wages, and benefits                                                   4,445,122               4,153,593               13,034,880              12,483,075
Purchased transportation and other rents                                        9,033,758               7,068,435               25,292,014              20,085,793
Fuel                                                                            7,648,613               4,810,756               22,888,206              12,326,935
Operating and maintenance (exclusive of depreciation & dry-docking              6,659,483               5,601,306               19,097,626              16,780,212
shown separately below)
Dry-docking                                                                     -                       -                       236,525                 4,544
Taxes and licenses                                                              136,725                 120,625                 414,540                 308,537
Insurance and claims                                                            794,760                 779,397                 2,333,955               2,392,001
Communications and utilities                                                    197,540                 195,083                 576,981                 503,138
Depreciation and amortization                                                   1,537,069               1,404,948               4,615,048               4,116,951
Loss on sale of assets                                                          17,193                  14,513                  109,350                 65,595
Other operating expenses                                                        2,332,923               1,309,184               5,610,738               3,770,223
                                                                                32,803,186              25,457,840              94,209,863              72,837,004
OPERATING INCOME                                                                2,610,285               2,771,818               5,511,115               11,788,748
NONOPERATING (EXPENSE) INCOME:
Interest expense                                                                (2,584,466  )           (2,532,489  )           (7,759,277  )           (7,695,456  )
Interest income                                                                 44,816                  134,290                 130,572                 498,691
INCOME (LOSS) BEFORE (PROVISION) BENEFIT FOR
INCOME TAXES                                                                    70,635                  373,619                 (2,117,590  )           4,591,983
(PROVISION) BENEFIT FOR INCOME TAXES                                            (36,191     )           (8,806      )           215                     (4,775,259  )
NET INCOME (LOSS)                                                           $   34,444              $   364,813             $   (2,117,375  )       $   (183,276    )
PER SHARE AMOUNTS:
NET INCOME (LOSS) PER SHARE BASIC                                           $   0.00                $   0.03                $   (0.18       )       $   (0.02       )
NET INCOME (LOSS) PER SHARE DILUTED                                         $   0.00                $   0.03                $   (0.18       )       $   (0.02       )
WEIGHTED AVERAGE
SHARES OUTSTANDING BASIC                                                        11,937,921              11,914,544              11,937,701              11,851,391
SHARES OUTSTANDING DILUTED                                                      12,334,543              12,471,300              11,937,701              11,851,391

TRAILER BRIDGE, INC.
CONDENSED BALANCE SHEETS
                                                                       September 30,                December 31,
                                                                       2008                         2007
ASSETS
Current Assets:
Cash and cash equivalents                                              $     3,467,244              $     1,932,535
Trade receivables, less allowance for doubtful accounts of                   19,224,247                   15,794,534
$539,301 and $1,010,341
Prepaid and other current assets                                             2,756,139                    2,719,522
Deferred income taxes, net                                                   251,816                      202,001
Total current assets                                                         25,699,446                   20,648,592
Property and equipment, net                                                  89,929,951                   93,762,574
Other assets                                                                 7,949,914                    8,435,280
TOTAL ASSETS                                                           $     123,579,311            $     122,846,446
LIABILITIES AND STOCKHOLDERS' EQUITY (CAPITAL DEFICIT)
Current Liabilities:
Accounts payable                                                       $     5,865,398              $     6,918,764
Accrued liabilities                                                          9,422,873                    5,961,347
Unearned revenue                                                             1,142,083                    446,774
Current portion of long-term debt                                            2,192,410                    2,008,220
Total current liabilities                                                    18,622,764                   15,335,105
Long-term debt, less current portion                                         105,379,655                  106,098,506
TOTAL LIABILITIES                                                            124,002,419                  121,433,611
Commitments and contingencies
Stockholders' Equity (Capital Deficit):
Preferred stock, $.01 par value, 1,000,000, shares authorized; no            -                            -
shares issued or outstanding
Common stock, $.01 par value, 20,000,000 shares authorized;                  119,379                      119,316
11,937,921 and 11,931,564 shares issued and outstanding
Additional paid-in capital                                                   53,358,012                   53,076,644
Deficit                                                                      (53,900,499  )               (51,783,125  )
TOTAL STOCKHOLDERS' EQUITY (CAPITAL DEFICIT)                                 (423,108     )               1,412,835
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (CAPITAL DEFICIT)           $     123,579,311            $     122,846,446

SOURCE: Trailer Bridge, Inc.

Trailer Bridge, Inc. 
John D. McCown, 800-554-1589 
Chief Executive Officer 
www.trailerbridge.com 
or 
TRBR Investor Relations Counsel: 
The Equity Group Inc. 
Adam Prior, 212-836-9606 
www.theequitygroup.com