CPKC, Americold exploring co-development opportunities in Mexico

Core Insights - Canadian Pacific Kansas City (CPKC) and Americold Realty Trust are exploring co-development opportunities in Mexico to enhance temperature-sensitive commodity flows across North America [1][4] - The strategic collaboration between CPKC and Americold, established in June 2023, aims to optimize temperature-controlled logistics [2][4] Company Developments - Americold is investing between $500 million and$1 billion over the next 5 to 10 years in development projects with CPKC and DP World [5] - CPKC has added 1,000 new 53-foot refrigerated intermodal containers to its network, more than doubling its existing fleet [4] Facility and Infrastructure - Americold's first development with CPKC is a 335,000-square-foot, $127 million import-export hub in Kansas City, set to open in mid-2025 [3] - The new facility will facilitate the movement of temperature-sensitive food between Mexico and the United States [3] Strategic Importance - The partnership aims to address inefficiencies in the cold chain and enhance supply chain value for customers [4] - CPKC is the only single-line transnational railway linking Canada, the U.S., and Mexico, providing extensive access to major ports [7]