Americold to Build a Cold Storage Facility in Port Saint John, Canada Leveraging Strategic Partnerships with DP World and CPKC
Americold Realty Trust (NYSE: COLD) announced plans to develop its first Import-Export Hub in Port Saint John, New Brunswick, Canada. The company will invest $75-80M to create a conventional facility providing approximately 22,000 pallet positions. This strategic development marks a unique collaboration between Americold's warehouse solutions, DP World's maritime logistics, and CPKC's rail logistics.
The facility will primarily serve to connect Central and Eastern Canada with Europe, South America, and the APAC region. Opportunities NB will provide up to $1.01 million in payroll rebates to support the creation of up to 100 jobs by 2029, with the expansion expected to contribute up to $37 million in direct provincial GDP.
This development builds upon Americold's existing partnerships with DP World (established in 2021) and CPKC (formed in June 2023), aiming to optimize temperature-controlled logistics across North America and enhance food supply chain efficiency.
Americold Realty Trust (NYSE: COLD) ha annunciato progetti per sviluppare il suo primo Hub Import-Export a Port Saint John, New Brunswick, Canada. L'azienda investirà tra 75 e 80 milioni di dollari per creare una struttura convenzionale che fornirà circa 22.000 posti per pallet. Questo sviluppo strategico segna una collaborazione unica tra le soluzioni di magazzino di Americold, la logistica marittima di DP World e la logistica ferroviaria di CPKC.
La struttura servirà principalmente a collegare il Canada centrale e orientale con l'Europa, l'America del Sud e la regione APAC. Opportunities NB fornirà fino a 1,01 milioni di dollari in rimborsi salariali per supportare la creazione di fino a 100 posti di lavoro entro il 2029, con l'espansione prevista che contribuirà fino a 37 milioni di dollari al PIL provinciale diretto.
Questo sviluppo si basa sulle attuali partnership di Americold con DP World (stabilita nel 2021) e CPKC (formata a giugno 2023), con l'obiettivo di ottimizzare la logistica controllata dalla temperatura in Nord America e migliorare l'efficienza della catena di approvvigionamento alimentare.
Americold Realty Trust (NYSE: COLD) anunció planes para desarrollar su primer Hub de Importación-Exportación en Port Saint John, New Brunswick, Canadá. La empresa invertirá entre 75 y 80 millones de dólares para crear una instalación convencional que proporcionará aproximadamente 22,000 posiciones para palets. Este desarrollo estratégico marca una colaboración única entre las soluciones de almacenaje de Americold, la logística marítima de DP World y la logística ferroviaria de CPKC.
La instalación servirá principalmente para conectar el centro y este de Canadá con Europa, América del Sur y la región de APAC. Opportunities NB proporcionará hasta 1.01 millones de dólares en reembolsos salariales para apoyar la creación de hasta 100 empleos para 2029, con la expansión que se espera contribuya hasta 37 millones de dólares al PIB provincial directo.
Este desarrollo se basa en las asociaciones existentes de Americold con DP World (establecida en 2021) y CPKC (formada en junio de 2023), con el objetivo de optimizar la logística de temperatura controlada en América del Norte y mejorar la eficiencia de la cadena de suministro de alimentos.
Americold Realty Trust (NYSE: COLD)는 캐나다 뉴브런즈윅주 포트 세인트 존에 첫 번째 수출입 허브를 개발할 계획을 발표했습니다. 이 회사는 약 75~80백만 달러를 투자하여 약 22,000개의 팔레트 공간을 제공하는 전통적인 시설을 만들 것입니다. 이 전략적 개발은 Americold의 창고 솔루션, DP World의 해양 물류 및 CPKC의 철도 물류 간의 독특한 협력을 의미합니다.
이 시설은 주로 중앙 및 동부 캐나다를 유럽, 남미 및 아시아-태평양 지역과 연결하는 역할을 합니다. Opportunities NB는 2029년까지 최대 100개의 일자리 창출을 지원하기 위해 최대 101만 달러의 급여 리베이트를 제공할 것이며, 이 확장은 최대 3700만 달러의 직접적인 주 정부 GDP에 기여할 것으로 예상됩니다.
이 개발은 Americold가 DP World(2021년에 설립) 및 CPKC(2023년 6월에 형성)와의 기존 파트너십을 기반으로 하여 북미에서 온도 조절 물류를 최적화하고 식품 공급망 효율성을 높이는 것을 목표로 하고 있습니다.
Americold Realty Trust (NYSE: COLD) a annoncé des projets pour développer son premier Hub d'importation-exportation à Port Saint John, au Nouveau-Brunswick, au Canada. L'entreprise investira entre 75 et 80 millions de dollars pour créer une installation conventionnelle offrant environ 22 000 places pour palettes. Ce développement stratégique représente une collaboration unique entre les solutions d'entrepôt d'Americold, la logistique maritime de DP World et la logistique ferroviaire de CPKC.
Cette installation servira principalement à relier le Canada central et orientale à l'Europe, à l'Amérique du Sud et à la région APAC. Opportunities NB fournira jusqu'à 1,01 million de dollars en rabais sur les salaires pour soutenir la création de jusqu'à 100 emplois d'ici 2029, l'expansion devant contribuer jusqu'à 37 millions de dollars au PIB provincial direct.
Ce développement s'appuie sur les partenariats existants d'Americold avec DP World (établi en 2021) et CPKC (formé en juin 2023), visant à optimiser la logistique sous température contrôlée en Amérique du Nord et à améliorer l'efficacité de la chaîne d'approvisionnement alimentaire.
Americold Realty Trust (NYSE: COLD) gab Pläne bekannt, sein erstes Import-Export-Hub in Port Saint John, New Brunswick, Kanada, zu entwickeln. Das Unternehmen wird zwischen 75 und 80 Millionen Dollar investieren, um eine konventionelle Einrichtung zu schaffen, die etwa 22.000 Palettenpositionen bietet. Diese strategische Entwicklung stellt eine einzigartige Zusammenarbeit zwischen Americolds Lagerlösungen, der maritimen Logistik von DP World und der Schienenlogistik von CPKC dar.
Die Einrichtung wird hauptsächlich dazu dienen, Zentrale und Ostkanada mit Europa, Südamerika und der APAC-Region zu verbinden. Opportunities NB wird bis zu 1,01 Millionen Dollar an Lohnrückerstattungen bereitstellen, um die Schaffung von bis zu 100 Arbeitsplätzen bis 2029 zu unterstützen, wobei die Expansion voraussichtlich bis zu 37 Millionen Dollar zum direkten provinziellen BIP beitragen wird.
Diese Entwicklung baut auf den bestehenden Partnerschaften von Americold mit DP World (gegründet 2021) und CPKC (gegründet im Juni 2023) auf, mit dem Ziel, die temperaturkontrollierte Logistik in Nordamerika zu optimieren und die Effizienz der Lebensmittelversorgungskette zu verbessern.
- Strategic $75-80M investment in new cold storage facility with 22,000 pallet positions
- Government support through $1.01M payroll rebate
- Expected contribution of $37M to provincial GDP
- Creation of up to 100 new jobs by 2029
- Strategic partnership with major logistics providers DP World and CPKC
- None.
Insights
This strategic investment marks a significant evolution in Americold's business model, creating a powerful competitive moat through an unprecedented three-way partnership in the cold chain logistics sector. The
Key value drivers include:
- Network Effect Advantages: The integration with DP World's maritime operations and CPKC's rail network creates a unique ecosystem that competitors cannot easily replicate, potentially leading to sustained competitive advantages and pricing power.
- Market Expansion: The facility's location enables Americold to capture growing trade flows between Canada and key markets in Europe, South America and APAC, diversifying revenue streams and reducing market concentration risk.
- Operational Leverage: The 22,000 pallet positions, combined with government incentives worth
$1.01 million for job creation, should drive attractive unit economics. The projected$37 million GDP contribution suggests robust utilization expectations. - Strategic Positioning: This facility transforms Americold from a pure-play storage provider into an integrated logistics solutions provider, potentially commanding premium pricing and higher margins.
The investment timing aligns with increasing demands for efficient cold chain solutions and the trend toward supply chain regionalization. The facility's strategic location at one of North America's fastest-growing container ports positions Americold to capture secular growth in temperature-controlled logistics while building high-value, sticky customer relationships through integrated services.
This innovative logistics hub represents a breakthrough in cold chain optimization, establishing an unprecedented level of supply chain integration. The strategic alignment of three industry leaders - Americold's cold storage expertise, DP World's port operations and CPKC's rail network - creates a seamless, temperature-controlled corridor that significantly reduces handling points and transit times.
Critical operational advantages include:
- Enhanced Velocity: Direct port-to-rail connectivity with temperature-controlled handling reduces dwell times and maintains cold chain integrity, important for perishable goods.
- Modal Optimization: CPKC's TempPro™ container fleet enables truck-competitive transit times while offering superior cost efficiency and environmental benefits for long-haul routes.
- Risk Mitigation: The integrated facility design minimizes temperature excursions and product handling, reducing spoilage risk and insurance costs.
- Sustainability Impact: Rail transportation's lower carbon footprint, combined with optimized routing and reduced handling, aligns with increasing customer demands for sustainable supply chain solutions.
The facility's design as an Import-Export Hub specifically positions it to capture growing bilateral trade flows, particularly benefiting from CPKC's expanded North American network and DP World's global maritime connections. This creates a compelling value proposition for food producers and distributors seeking efficient access to international markets.
ATLANTA, GA., Jan. 28, 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 plans to develop its first Import-Export Hub in Canada at Port Saint John in New Brunswick. This facility will be the first-of-its-kind globally to bring together Americold warehouse solutions with the maritime logistics capabilities of DP World and the rail logistics solutions of Canadian Pacific Kansas City (TSX:CP) (NYSE:CP) (CPKC).
“Developing a state-of-the-art facility in Port Saint John marks an exciting step forward for Americold as the Company expands into a strategically compelling geography serving high-volume international routes, providing unparalleled opportunities for integration with our premier partners in DP World and CPKC,” said George Chappelle, Chief Executive Officer at Americold. “Port Saint John has been the beneficiary of significant investments in recent years from both DP World and CPKC, and the infrastructure they have built has attracted major global shipping lines to this location. We are confident the opportunity for Americold to bring world class cold storage and value-added services to the Port – and to enhance food flows primarily between Central and Eastern Canada and Europe, South America and the APAC region – represents an attractive path to long-term value creation for both our customers and our shareholders.”
"We are excited to build on our successful strategic collaboration with Americold and DP World with this new facility in Port Saint John as we build a unique North American cold chain." said Keith Creel, CPKC President and Chief Executive Officer. “Our growing collaboration with Americold, which started in Kansas City and is developing in both Canada and Mexico, continues to bring new supply chain solutions to the market for our customers shipping a range of food and other products across Canada, the United States and Mexico using CPKC’s fleet of refrigerated containers. Our strategic purchase of the Central, Maine & Quebec Railway and our operational success working with JD Irving’s NBM Railways has extended our reach to Port Saint John and put another value-creating destination on the CPKC map.”
"Our partnership with Americold and CPKC to develop an innovative cold chain Import + Export Hub at Port Saint John in New Brunswick reflects our shared commitment to transforming supply chain efficiency and sustainability.” said DP World Canada CEO Doug Smith. “This investment by Americold represents a significant milestone in our joint mission to create seamless, end-to-end logistics solutions that meet the evolving needs of global trade. By leveraging the strengths of our strategic partners, we are enhancing the cold chain infrastructure in Central and Eastern Canada, enabling faster, more reliable, and sustainable connections for food supply chains worldwide."
“Our extensive infrastructure investments over the past decade have paved the way for leading global partners to thrive in Saint John,” said Craig Bell Estabrooks, President & CEO of Port Saint John. “We’re thrilled to welcome Americold and further opportunities to create jobs on our waterfront.”
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Opportunities NB will invest up to
“Americold’s expansion in New Brunswick enhances the Port’s capacity to accommodate growing shipping volumes and strengthens its position as Atlantic Canada’s largest port by volume and one of the fastest-growing container ports on the East Coast of North America,” said Luke Randall, minister responsible for Opportunities NB. “The Americold investment will also improve market access for New Brunswick's exporting companies and create good paying jobs."
A global leader in temperature-controlled logistics, 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. Collaboration between Americold and DP World began in 2021 and was formalized in November of 2022 with the signing of a Global Partnership Agreement. Americold and CPKC established a strategic collaboration in June 2023 to optimize temperature-controlled logistics across North America. CPKC connects North American markets with single-line, expedited intermodal freight transportation and a fleet of TempPro™ temperature-protected intermodal containers for reliable door-to-door transit competitive with over the road trucks. The intention of these partnerships is to create unique customer value in the cold chain by leveraging strategic synergies.
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 239 temperature-controlled warehouses, with approximately 1.5 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.
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 of México 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 cpkcr.com 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: www.dpworld.com
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.
Forward-Looking Statements
Statements contained in this press release that are not statements of historical fact, including those that refer to the Company’s strategic collaborations with third parties, associated benefits for customers and timeline for completion are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on our beliefs, assumptions and expectations of our future financial and operating performance and growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties that may cause our actual results to differ materially from the expectations of future results we express or imply in any forward-looking statements, and you should not place undue reliance on such statements. Information about potential risks and uncertainties that could affect the Company’s business and financial results is included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other documents the Company files with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law or regulation.
Contacts:
Americold Realty Trust, Inc.
Media Relations
Email: mediarelations@americold.com
Investor Relations
Email: investor.relations@americold.com
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