Americold Breaks Ground on Innovative Cold Storage Facility at Port Saint John Leveraging Strategic Partnerships With CPKC and DP World
Americold Realty Trust (NYSE: COLD) has broken ground on its first import-export cold storage hub in Port Saint John, New Brunswick, Canada. The company will invest $75-80 million to develop a facility providing 22,000 pallet positions, equivalent to over 800 full truckloads of temperature-sensitive goods.
The project leverages partnerships with DP World and Canadian Pacific Kansas City (CPKC) to enhance trade routes between Canada and global markets. The facility, set to open in 2026, is expected to contribute up to $37 million in direct provincial GDP. Opportunities NB will provide up to $1.01 million in payroll rebates to support the creation of 100 jobs by 2029.
Americold Realty Trust (NYSE: COLD) ha avviato i lavori per il suo primo hub di stoccaggio a temperatura controllata dedicato all'import-export a Port Saint John, New Brunswick, Canada. L'azienda investirà 75-80 milioni di dollari per sviluppare una struttura con 22.000 posti pallet, equivalenti a oltre 800 camion completi di merci sensibili alla temperatura.
Il progetto sfrutta le collaborazioni con DP World e Canadian Pacific Kansas City (CPKC) per potenziare le rotte commerciali tra il Canada e i mercati globali. La struttura, che aprirà nel 2026, dovrebbe contribuire fino a 37 milioni di dollari al PIL provinciale. Opportunities NB offrirà fino a 1,01 milioni di dollari in rimborsi salariali per supportare la creazione di 100 posti di lavoro entro il 2029.
Americold Realty Trust (NYSE: COLD) ha iniciado la construcción de su primer centro de almacenamiento en frío para importación y exportación en Port Saint John, New Brunswick, Canadá. La compañía invertirá 75-80 millones de dólares para desarrollar una instalación con 22,000 posiciones para pallets, equivalentes a más de 800 camiones completos de mercancías sensibles a la temperatura.
El proyecto aprovecha las alianzas con DP World y Canadian Pacific Kansas City (CPKC) para mejorar las rutas comerciales entre Canadá y los mercados globales. La instalación, que abrirá en 2026, se espera que aporte hasta 37 millones de dólares al PIB provincial. Opportunities NB proporcionará hasta 1,01 millones de dólares en reembolsos salariales para apoyar la creación de 100 empleos para 2029.
Americold Realty Trust (NYSE: COLD)가 캐나다 뉴브런즈윅 주 포트 세인트 존에 첫 수출입 냉장 저장 허브 착공을 시작했습니다. 회사는 7,500만~8,000만 달러를 투자해 22,000 팔레트 위치를 제공하는 시설을 개발할 예정이며, 이는 온도에 민감한 상품 800대 이상의 트럭 적재량에 해당합니다.
이 프로젝트는 DP World와 Canadian Pacific Kansas City (CPKC)와의 협력을 통해 캐나다와 전 세계 시장 간 무역 경로를 강화합니다. 2026년에 개장할 이 시설은 지방 GDP에 최대 3,700만 달러를 기여할 것으로 예상됩니다. Opportunities NB는 2029년까지 100개의 일자리 창출을 지원하기 위해 최대 101만 달러의 급여 환급을 제공합니다.
Americold Realty Trust (NYSE : COLD) a lancé la construction de son premier centre de stockage frigorifique dédié à l'import-export à Port Saint John, au Nouveau-Brunswick, Canada. La société investira entre 75 et 80 millions de dollars pour développer une installation offrant 22 000 emplacements pour palettes, soit plus de 800 chargements complets de marchandises sensibles à la température.
Le projet s'appuie sur des partenariats avec DP World et Canadian Pacific Kansas City (CPKC) afin d'améliorer les routes commerciales entre le Canada et les marchés mondiaux. L'installation, prévue pour une ouverture en 2026, devrait contribuer jusqu'à 37 millions de dollars au PIB provincial. Opportunities NB accordera jusqu'à 1,01 million de dollars de remises sur la masse salariale pour soutenir la création de 100 emplois d'ici 2029.
Americold Realty Trust (NYSE: COLD) hat mit dem Bau seines ersten Import-Export-Kaltlagerzentrums in Port Saint John, New Brunswick, Kanada, begonnen. Das Unternehmen wird 75-80 Millionen US-Dollar investieren, um eine Anlage mit 22.000 Palettenplätzen zu errichten, was über 800 kompletten LKW-Ladungen temperatursensibler Waren entspricht.
Das Projekt nutzt Partnerschaften mit DP World und Canadian Pacific Kansas City (CPKC), um die Handelsrouten zwischen Kanada und den globalen Märkten zu verbessern. Die Anlage, die im Jahr 2026 eröffnet wird, soll bis zu 37 Millionen US-Dollar zum provinziellen BIP beitragen. Opportunities NB wird bis zu 1,01 Millionen US-Dollar an Lohnkostenerstattungen bereitstellen, um die Schaffung von 100 Arbeitsplätzen bis 2029 zu unterstützen.
- None.
- Significant capital expenditure may impact short-term financial metrics
- Long timeline until full job creation (2029)
- Project completion and revenue generation not expected until 2026
Insights
Americold's $75-80M Canadian port facility strengthens its competitive position in global cold chain logistics through strategic rail and maritime partnerships.
Americold's groundbreaking on a $75-80 million cold storage facility at Port Saint John represents a strategic expansion of its temperature-controlled logistics network into the critical import-export sector. With 22,000 pallet positions (equivalent to 800+ truckloads), this facility directly enhances Americold's capacity to service international food trade routes connecting Canada with Europe, South America, and Asia-Pacific markets.
The facility's integration with DP World's maritime capabilities and CPKC's rail network creates a powerful logistics triangle that few competitors can match. This three-way partnership delivers an integrated cold chain solution spanning from port arrival through storage to inland distribution - addressing a critical supply chain gap in Atlantic Canada's logistics infrastructure.
The location choice is particularly shrewd. Port Saint John has recently attracted major global shipping lines following infrastructure investments, positioning Americold to capture increased temperature-controlled cargo flows through this growing gateway. Being the first import-export hub Americold has built in Canada also gives them first-mover advantage in this specific market segment.
The $1.01 million payroll rebate from Opportunities NB for creating 100 jobs represents a modest but welcome government support that improves the facility's ROI profile. More significantly, the expected $37 million contribution to provincial GDP demonstrates the economic multiplier effect this facility will generate.
This development strengthens Americold's competitive moat in the temperature-controlled logistics industry by extending their ecosystem approach, connecting production centers to distribution networks and consumer markets through an integrated cold chain infrastructure. The 2026 opening timeline allows sufficient construction and operational preparation while providing visibility on near-term capacity expansion for investors.
ATLANTA, GA., May 29, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate and value-added services, today breaks ground in Port Saint John, New Brunswick, on its first import-export hub to be built in Canada.
Provincial and local leaders join company executives to celebrate this significant investment in New Brunswick, a ceremony held in conjunction with Port Saint John’s Port Days. The new cold storage facility, to become the sixth operated by Americold in Canada, will leverage the maritime logistics capabilities of DP World and the rail logistics solutions of Canadian Pacific Kansas City (TSX:CP) (NYSE:CP) (CPKC).
“Developing this facility at Port Saint John marks an important step forward for Americold,” said Rob Chambers, President, Americas at Americold. “The infrastructure investments by DP World and CPKC alongside Port Saint John have attracted major global shipping lines to this location, and we are excited that our world-class cold storage facility and value-added services will support food flows between Central and Eastern Canada, Europe, South America and APAC."
Americold will invest between
“We’re thrilled to welcome Americold and the opportunities it brings to create jobs on our waterfront,” said Craig Bell Estabrooks, President & CEO of Port Saint John. “Our extensive infrastructure investments have paved the way for leading global partners to thrive in Saint John.”
This build is expected to contribute up to
“Americold’s new greenfield facility enhances the Port’s capacity to accommodate growing shipping volumes and strengthens its position as Atlantic Canada’s largest port by volume,” said Luke Randall, Minister responsible for Opportunities NB. “The investment will also improve market access for New Brunswick's exporting companies and create good-paying jobs.”
Americold’s cold chain ecosystem plays an integral role in the food supply chain, connecting production, distribution and consumption for many of the largest food companies in the world. The collaboration between Americold, DP World and CPKC aims to create unique customer value in the cold chain.
“Our growing collaboration with Americold continues to bring new supply chain solutions to the market,” said Keith Creel, President and Chief Executive Officer of CPKC. “This Port Saint John facility builds on the unique ecosystem that CPKC and Americold are creating to provide our customers an unrivaled cold chain across Canada, the United States, and Mexico.”
“Our partnership with Americold and CPKC reflects our shared commitment to transforming supply chain efficiency and sustainability,” said Doug Smith, CEO of DP World Canada. “This investment by Americold is a significant milestone in our joint mission to create seamless, end-to-end logistics solutions.”
The Americold facility is slated to open in 2026.
About Americold
Americold (NYSE: COLD) is a global leader in temperature-controlled logistics and real estate, with a more than 120-year legacy of innovation and reliability. With more than 230 facilities across North America, Europe, Asia-Pacific, and South America – totaling approximately 1.4 billion refrigerated cubic feet – Americold ensures the safe, efficient movement of refrigerated products worldwide.
Our facilities are an integral part of the global food supply chain, connecting producers, processors, distributors, and retailers with tailored, value-added services supported by responsive and reliable supply chains. Leveraging deep industry expertise, smart technology, and sustainable practices, Americold delivers world-class service that creates lasting value for our customers and the communities we serve. Visit www.americold.com to learn more.
About CPKC
With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC.
About DP World
DP World is reshaping the future of global trade to improve lives everywhere. Operating across six continents with a team of over 100,000 employees, we combine global infrastructure and local expertise to deliver seamless supply chain solutions. From Ports and Terminals to Marine Services, Logistics and Technology, we leverage innovation to create better ways to trade, minimizing disruptions from the factory floor to the customer’s door.
In the Americas, DP World operates with a team of over 16,000 people across 12 countries, driving excellence through a robust network of 14 ports and terminals and more than 40 warehouses. By harnessing our global reach and local expertise, we simplify logistics, enhance operational performance, and redefine the boundaries of what’s possible in global trade.
WE MAKE TRADE FLOW.
For more insights into how DP World is reshaping global trade, visit our website: www.dpworld.com
About Port Saint John
Port Saint John is a rapidly advancing Port striving to be a catalyst for growth, recognized for community leadership. A critical piece of Canada’s national supply chain, the Port boasts a diverse cargo base and unparalleled optionality via three Class I Railways. By championing innovation, promoting meaningful engagement, and investing in infrastructure, Port Saint John aims to be a safe, efficient port of choice while delivering economic prosperity in New Brunswick and beyond.
Media Relations
762-821-9631
mediarelations@americold.com
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