Latest news with #Americold
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
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Americold Realty Trust, Inc. Declares Second Quarter 2025 Dividend
ATLANTA, GA, May 20, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced that its Board of Directors has declared a dividend of $0.23 per share for the second quarter of 2025, payable to holders of the Company's common stock. This is consistent with the dividend for the first quarter of 2025 and reflects an increase of 5% from the prior year. The dividend will be payable in cash on July 15, 2025 to stockholders of record at the close of business on June 30, 2025. About Americold Realty Trust, Inc. Americold is a global leader in temperature-controlled logistics real estate and value-added services. Focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, Americold owns and/or operates 238 temperature-controlled warehouses, with approximately 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America. Americold's facilities are an integral component of the supply chain connecting food producers, processors, distributors, and retailers to consumers.
Yahoo
20-05-2025
- Business
- Yahoo
Americold Realty Trust, Inc. Declares Second Quarter 2025 Dividend
ATLANTA, GA, May 20, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced that its Board of Directors has declared a dividend of $0.23 per share for the second quarter of 2025, payable to holders of the Company's common stock. This is consistent with the dividend for the first quarter of 2025 and reflects an increase of 5% from the prior year. The dividend will be payable in cash on July 15, 2025 to stockholders of record at the close of business on June 30, 2025. About Americold Realty Trust, Inc. Americold is a global leader in temperature-controlled logistics real estate and value-added services. Focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, Americold owns and/or operates 238 temperature-controlled warehouses, with approximately 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America. Americold's facilities are an integral component of the supply chain connecting food producers, processors, distributors, and retailers to consumers. Contacts:Americold Realty Trust, RelationsTelephone: 678-459-1959Email: in to access your portfolio
