Cold Storage Logistics

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Americold Breaks Ground on Innovative Cold Storage Facility at Port Saint John Leveraging Strategic Partnerships With CPKC and DP World
Globenewswireยท 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]