Cold chain logistics

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Callan JMB Announces Second Quarter 2025 Financial Results and Provides Business Update
Globenewswire· 2025-08-14 20:30
Core Viewpoint - Callan JMB Inc. has made significant strides in expanding its logistics services for the healthcare sector, including forming strategic partnerships, launching international operations, and enhancing emergency preparedness capabilities, positioning itself for sustained growth in high-demand markets [2][3]. Business Highlights - A strategic partnership was formed with Revival Health Inc. to create an integrated supply chain infrastructure for health, wellness, and longevity products, enhancing distribution capabilities [2][3]. - The company launched a subsidiary in India, establishing a temperature-controlled warehouse in Pune for pharmaceutical storage and distribution, and has secured agreements with local companies to facilitate U.S. market entry [2][3]. - Callan JMB extended its emergency preparedness contract with the City of Chicago through June 2026, increasing total contract value to $9.1 million with an additional $1.5 million in funding [2][3]. - Christopher Shields was appointed as Senior Vice President for Emergency Preparedness & Response/Government Affairs to expand operations into new markets [2][3]. - The company successfully redistributed over 1,300 MMR II vaccine doses during a measles outbreak response, demonstrating its logistical efficiency and sustainability [2][3]. Financial Highlights - For the three months ended June 30, 2025, revenues were $1.7 million, a decrease from $2.0 million in the same period last year, attributed to reduced demand for emergency preparedness services [8][10]. - Gross profit for the same period was $0.6 million, down from $1.0 million year-over-year [8][11]. - Selling, general, and administrative expenses increased to $2.0 million for the quarter, primarily due to costs associated with being a public entity and new senior staff hires [8][11]. - The net loss for the three months ended June 30, 2025, was $1.4 million, compared to a loss of $0.1 million in the prior year [8][11]. - Cash and cash equivalents as of June 30, 2025, were $4.2 million, an increase from $2.1 million at the end of the previous year [8][13].
Callan JMB Inc. Launches Subsidiary in India and Progresses to Establish Temperature-Controlled Warehouse
Globenewswire· 2025-07-15 13:00
Core Insights - Callan JMB has established a subsidiary in India, Callan JMB Services (India) Private Limited, to provide logistics services for pharmaceuticals, including a warehouse in Pune for temperature-sensitive storage and distribution [1][2] - The subsidiary aims to assist Indian companies in setting up manufacturing plants in the U.S. and has already secured agreements with Walker's Pharmaceuticals Ltd. and Brihans Natural Products Ltd. for distribution and manufacturing support [2][3] - The company emphasizes its expertise in cold chain logistics, which is crucial for importing tissue samples and active pharmaceutical ingredients (APIs) from India to the U.S., addressing drug shortages and facilitating clinical trials [3] Company Overview - Callan JMB is an integrative logistics company focused on empowering the healthcare sector through services such as fulfillment, storage, monitoring, and cold chain logistics, ensuring compliance and safety in medical material distribution [4] - The company combines expertise in supply chain logistics, thermodynamics, biologics, inventory management, and regulatory compliance, positioning itself as a leader in the industry [4]
Americold Breaks Ground on Innovative Cold Storage Facility at Port Saint John Leveraging Strategic Partnerships With CPKC and DP World
Globenewswire· 2025-05-29 12:00
Core Insights - Americold Realty Trust has commenced construction on its first import-export hub in Canada, located in Port Saint John, New Brunswick, marking a significant expansion in its operations [1][2][3] Investment and Economic Impact - The investment for the new cold storage facility is estimated between $75 million and $80 million, which will provide approximately 22,000 pallet positions, equivalent to over 800 full truckloads of temperature-sensitive goods [3] - The facility is projected to contribute up to $37 million in direct provincial GDP and create up to 100 jobs by the end of 2029, supported by a payroll rebate from Opportunities NB of up to $1.01 million [4] Strategic Partnerships - The new facility will leverage the maritime logistics capabilities of DP World and the rail logistics solutions of Canadian Pacific Kansas City (CPKC), enhancing trade routes between Canada and global markets [2][3] - The collaboration aims to create unique customer value in the cold chain, improving market access for New Brunswick's exporting companies and supporting economic growth [5][6] Operational Significance - This facility will be the sixth operated by Americold in Canada and is expected to enhance the Port's capacity to accommodate growing shipping volumes, solidifying its position as Atlantic Canada's largest port by volume [5][6] - The facility is slated to open in 2026, further integrating Americold's cold chain ecosystem with the supply chains of major food companies globally [6][7]