Latest news with #Americold
Yahoo
4 days ago
- Business
- Yahoo
Americold opens $100M food hub in Kansas City
Cold storage provider Americold announced Tuesday that is has opened a 335,000-square-foot import-export hub in Kansas City, Missouri. The company partnered with Class I railroad Canadian Pacific Kansas City (CPKC) to develop the $100-million-plus facility. The new site can handle containers exceeding 50,000 pounds and will provide USDA inspections to circumvent potential border delays. The location will directly cover a 300-mile radius for food storage and distribution and act as a consolidation point for long-haul shipments. This is Americold's (NYSE: COLD) first location on the CPKC (NYSE: CP) line. The site is touted as a key hub for CPKC's single-line rail service for temperature-controlled shipments between the U.S. and Mexico. 'This is more than infrastructure – it's a fully integrated solution that connects food producers to consumers faster and more efficiently,' said Americold CEO George Chappelle in a news release. 'Simply put, we've unlocked a better way to move food.' The new hub is expected to create 190 jobs in Kansas City. 'With direct rail connectivity through CPKC and a talented local workforce, this new facility highlights how strategic partnerships can reshape industries and accelerate innovation,' said Kansas City, Missouri Mayor Quinton Lucas. 'We're excited to be at the center of that transformation.' Americold said the new location is part of a larger plan to open a network of import-export hubs through strategic partnerships with the goal to 'improve how food moves from origin to destination.' The company announced in May that it began construction on its first import-export hub in Canada. The location at Port Saint John in New Brunswick, Canada will be served by CPKC and global ports operator DP World. 'This facility is the first of many across our unrivaled North American network,' said CPKC President and CEO Keith Creel. 'By combining Americold with our secure, single-line cross-border service, we have created a new refrigerated supply chain for our customers shipping food and other temperature-controlled products across Canada, the United States and Mexico.' Americold's portfolio includes 1.4 billion cubic feet of refrigerated space at 235 facilities throughout North America, Europe, Asia-Pacific and South America. More FreightWaves articles by Todd Maiden: Forward Air misses Q2 mark; investors waiting to see if company will be sold GXO encouraged by pre-peak season activity, well positioned for 2026 Lineage says high food prices weighing on warehouse occupancy The post Americold opens $100M food hub in Kansas City appeared first on FreightWaves.
Yahoo
22-07-2025
- Business
- Yahoo
Americold Realty Trust (COLD) Announced it Has Started Building The First Import-Export Hub in Canada
Americold Realty Trust, Inc. (NYSE:COLD) is one of the . On May 29, Americold Realty Trust, Inc. (NYSE:COLD) announced that it has started building its first import-export hub in Canada, located at Port Saint John, New Brunswick. Americold Realty Trust, Inc. (NYSE:COLD) will spend $75 million to $80 million on this project, and the warehouse is expected to offer space for about 22,000 pallets, which equals 800 full truckloads of temperature-sensitive products. Management noted that the facility will serve as a vital link in the global food supply chain, connecting Canada with Europe, South America, and the Asia-Pacific. An interior of a modern temperature-controlled warehouse with industrial shelving units and workers in motion. The project is supported by partnerships with DP World and Canadian Pacific Kansas City. DP World provides maritime logistics, while CPKC delivers rail solutions. Americold Realty Trust, Inc. (NYSE:COLD) is a real estate investment trust. The company owns and operates temperature-controlled warehouses for food and other perishable products. While we acknowledge the potential of COLD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Americold breaks ground on first import-export hub in Canada
Temperature-controlled warehouse operator Americold announced Thursday that it has broken ground on its first import-export hub in Canada. The Atlanta-based real estate investment trust said the new location will serve Port Saint John in New Brunswick, providing 22,000 pallet positions, or the equivalent of roughly 800 full truckloads, of storage. Americold (NYSE: COLD) said it will invest between $75 million and $80 million in the facility, which will be served through partnerships with privately held global ports operator DP World and Class I railroad Canadian Pacific Kansas City (CPKC) (NYSE: CP). 'The infrastructure investments by DP World and CPKC alongside Port Saint John have attracted major global shipping lines to this location, and we are excited that our world-class cold storage facility and value-added services will support food flows between Central and Eastern Canada, Europe, South America and APAC,' said President of the Americas at Americold Rob Chambers in a news of the location is expected to generate $37 million in direct GDP to the area and up to 100 permanent jobs by the end of 2029. New Brunswick has pledged $1 million in payroll tax rebates. The warehouse is expected to open next year. 'Americold's expansion enhances the Port's capacity to accommodate growing shipping volumes and strengthens its position as Atlantic Canada's largest port by volume,' said Luke Randall, New Brunswick's opportunities minister. 'The investment will also improve market access for New Brunswick's exporting companies and create good-paying jobs.' This will be the sixth cold storage facility Americold operates in portfolio includes 1.4 billion cubic feet of refrigerated space at 235 facilities throughout North America, Europe, Asia-Pacific and South America. The company trimmed its full-year 2025 outlook earlier this month, citing a drastic change in demand among the food producers it serves following April tariff announcements. 'Our growing collaboration with Americold continues to bring new supply chain solutions to the market,' said CPKC President and CEO Keith Creel. 'This Port Saint John facility builds on the unique ecosystem that CPKC and Americold are creating to provide our customers an unrivaled cold chain across Canada, the United States, and Mexico.' More FreightWaves articles by Todd Maiden: ArcBest taps CH Robinson veteran to fix asset-light business Truckload spot rates to continue upward trend, RXO says Activist investor pushes Forward Air to execute 'value-maximizing sale' The post Americold breaks ground on first import-export hub in Canada appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
29-05-2025
- Business
- CTV News
Americold breaks ground on cold storage facility at Port Saint John
Two new container cranes are seen in Saint John, N.B., on Dec. 3, 2024. (Avery MacRae/CTV Atlantic) The ground has been broken on the Saint John, N.B., harbour for Americold Realty Trust's first import-export hub in Canada. Americold, a global leader in temperature-controlled logistics, held a ceremony Thursday afternoon with officials from Port Saint John, DP World and Canadian Pacific Kansas City (CPKC) Railway, among other local and provincial leaders. Americold says the facility will also be a first-of-its-kind worldwide to bring together its cold storage operations with the capabilities of DP World and the rail lines of CPKC. 'Developing this facility at Port Saint John marks an important step forward for Americold,' said Rob Chambers, president of Americas at Americold, in a news release. 'The infrastructure investments by DP World and CPKC alongside Port Saint John have attracted major global shipping lines to this location, and we are excited that our world-class cold storage facility and value-added services will support food flows between Central and Eastern Canada, Europe, South America and APAC.' Americold plans to cover the $100-million price tag to build the import-export hub. The company says the facility will improve trade routes between Canada the global markets, and increase Port Saint John's growing capacity. It will also improve import logistics and support economic growth. The build is anticipated to bring around $37 million in direct provincial gross domestic product (GDP). Opportunities NB is spending $1.01 million in the form of a payroll rebate to help Americold create up to 100 jobs by the end of 2029. 'We're thrilled to welcome Americold and the opportunities it brings to create jobs on our waterfront,' says Craig Bell Estabrooks, president and CEO of Port Saint John. 'Our extensive infrastructure investments have paved the way for leading global partners to thrive in Saint John.' The cold storage facility is the latest addition to the port's growing arsenal. Late last year the port received two new container cranes to bring its total to six. The newest cranes are larger then the previous four and boast an outreach of 65 metres. They can also reach up to 24 containers wide (the other four cranes can reach up to 21 containers wide) and can service ships with a capacity above 10,000 TEUs (twenty-foot equivalent unit). All six cranes are operated by DP World Canada. 'Our partnership with Americold and CPKC reflects our shared commitment to transforming supply chain efficiency and sustainability' says Doug Smith, CEO of DP World Canada. 'This investment by Americold is a significant milestone in our joint mission to create seamless, end-to-end logistics solutions.' The new cold storage facility is slated to open sometime in 2026. More to come… For more New Brunswick news, visit our dedicated provincial page.
Yahoo
29-05-2025
- Business
- Yahoo
Americold Breaks Ground on Innovative Cold Storage Facility at Port Saint John Leveraging Strategic Partnerships With CPKC and DP World
ATLANTA, GA., May 29, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate and value-added services, today breaks ground in Port Saint John, New Brunswick, on its first import-export hub to be built in Canada. Provincial and local leaders join company executives to celebrate this significant investment in New Brunswick, a ceremony held in conjunction with Port Saint John's Port Days. The new cold storage facility, to become the sixth operated by Americold in Canada, will leverage the maritime logistics capabilities of DP World and the rail logistics solutions of Canadian Pacific Kansas City (TSX:CP) (NYSE:CP) (CPKC). 'Developing this facility at Port Saint John marks an important step forward for Americold,' said Rob Chambers, President, Americas at Americold. 'The infrastructure investments by DP World and CPKC alongside Port Saint John have attracted major global shipping lines to this location, and we are excited that our world-class cold storage facility and value-added services will support food flows between Central and Eastern Canada, Europe, South America and APAC." Americold will invest between $75 and $80 million to develop this import-export hub, providing approximately 22,000 pallet positions – the equivalent of over 800 full truckloads of temperature-sensitive goods. The facility will enhance trade routes between Canada and global markets, increase export capacity, improve import logistics, and support economic growth through strategic partnerships and infrastructure development. 'We're thrilled to welcome Americold and the opportunities it brings to create jobs on our waterfront,' said Craig Bell Estabrooks, President & CEO of Port Saint John. 'Our extensive infrastructure investments have paved the way for leading global partners to thrive in Saint John.' This build is expected to contribute up to $37 million in direct provincial GDP. Opportunities NB will invest up to $1.01 million in the form of a payroll rebate to assist Americold with the creation of up to 100 jobs by the end of 2029. 'Americold's new greenfield facility enhances the Port's capacity to accommodate growing shipping volumes and strengthens its position as Atlantic Canada's largest port by volume,' said Luke Randall, Minister responsible for Opportunities NB. 'The investment will also improve market access for New Brunswick's exporting companies and create good-paying jobs.' Americold's cold chain ecosystem plays an integral role in the food supply chain, connecting production, distribution and consumption for many of the largest food companies in the world. The collaboration between Americold, DP World and CPKC aims to create unique customer value in the cold chain. 'Our growing collaboration with Americold continues to bring new supply chain solutions to the market,' said Keith Creel, President and Chief Executive Officer of CPKC. 'This Port Saint John facility builds on the unique ecosystem that CPKC and Americold are creating to provide our customers an unrivaled cold chain across Canada, the United States, and Mexico.' 'Our partnership with Americold and CPKC reflects our shared commitment to transforming supply chain efficiency and sustainability,' said Doug Smith, CEO of DP World Canada. 'This investment by Americold is a significant milestone in our joint mission to create seamless, end-to-end logistics solutions.' The Americold facility is slated to open in 2026. About Americold Americold (NYSE: COLD) is a global leader in temperature-controlled logistics and real estate, with a more than 120-year legacy of innovation and reliability. With more than 230 facilities across North America, Europe, Asia-Pacific, and South America – totaling approximately 1.4 billion refrigerated cubic feet – Americold ensures the safe, efficient movement of refrigerated products worldwide. Our facilities are an integral part of the global food supply chain, connecting producers, processors, distributors, and retailers with tailored, value-added services supported by responsive and reliable supply chains. Leveraging deep industry expertise, smart technology, and sustainable practices, Americold delivers world-class service that creates lasting value for our customers and the communities we serve. Visit to learn more. About CPKC With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit to learn more about the rail advantages of CPKC. About DP World DP World is reshaping the future of global trade to improve lives everywhere. Operating across six continents with a team of over 100,000 employees, we combine global infrastructure and local expertise to deliver seamless supply chain solutions. From Ports and Terminals to Marine Services, Logistics and Technology, we leverage innovation to create better ways to trade, minimizing disruptions from the factory floor to the customer's door. In the Americas, DP World operates with a team of over 16,000 people across 12 countries, driving excellence through a robust network of 14 ports and terminals and more than 40 warehouses. By harnessing our global reach and local expertise, we simplify logistics, enhance operational performance, and redefine the boundaries of what's possible in global trade. WE MAKE TRADE FLOW. For more insights into how DP World is reshaping global trade, visit our website: About Port Saint John Port Saint John is a rapidly advancing Port striving to be a catalyst for growth, recognized for community leadership. A critical piece of Canada's national supply chain, the Port boasts a diverse cargo base and unparalleled optionality via three Class I Railways. By championing innovation, promoting meaningful engagement, and investing in infrastructure, Port Saint John aims to be a safe, efficient port of choice while delivering economic prosperity in New Brunswick and beyond. Media Relations 762-821-9631 mediarelations@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
