Cold storage market working off oversupply

Temperature-controlled warehouse operator Lineage said the market is shaking off the effects of excessive facility construction and post-pandemic inventory destocking. Management from the Novi, Michigan-based company said Wednesday that new cold storage space grew 14.5% from 2021 through 2025 while demand increased only 5%. With the market roughly 10% oversupplied, management sees fundamentals firming as capacity is expected to increase by just 1.5% this year and customer inventories appear to be at troug ...