Americold to Build a Cold Storage Facility in Port Saint John, Canada Leveraging Strategic Partnerships with DP World and CPKC

Core Insights - Americold Realty Trust is developing its first Import-Export Hub in Canada at Port Saint John, New Brunswick, in collaboration with DP World and Canadian Pacific Kansas City (CPKC) [1][2] - The facility will enhance cold storage and logistics capabilities, primarily serving food supply chains between Central and Eastern Canada and global markets including Europe, South America, and the APAC region [2][4] - The investment for this project is estimated between $75 million and$80 million, with the hub expected to provide approximately 22,000 pallet positions [2][3] Company Overview - Americold is a global leader in temperature-controlled logistics, owning and operating 239 warehouses with approximately 1.5 billion refrigerated cubic feet of storage across North America, Europe, Asia-Pacific, and South America [6] - The company plays a crucial role in the food supply chain, connecting producers, distributors, and retailers to consumers [6] Strategic Partnerships - The collaboration with DP World and CPKC aims to create a unique North American cold chain, enhancing supply chain efficiency and sustainability [2][5] - The partnership with CPKC, established in June 2023, focuses on optimizing temperature-controlled logistics across North America using refrigerated containers [5] Economic Impact - Opportunities NB will invest up to $1.01 million to assist Americold in creating up to 100 jobs by the end of 2029, contributing an estimated$37 million to the provincial GDP [3] - The expansion is expected to improve market access for New Brunswick's exporting companies and strengthen Port Saint John's position as Atlantic Canada's largest port by volume [4]