Atlanta-based Americold Realty Trust, a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, today announced plans to develop its first Import-Export Hub in Canada at Port Saint John in New Brunswick.
Americold will invest between $75 and $80M to develop this conventional import-export hub that will provide approximately 22K pallet positions in Port Saint John. The hub will primarily serve to connect Central and Eastern Canada and Europe, South America, and the APAC region.
The facility will be the first-of-its-kind globally to bring together Americold warehouse solutions with the maritime logistics capabilities of DP World and the rail logistics solutions of Canadian Pacific Kansas City (CPKC).
“Developing a state-of-the-art facility in Port Saint John marks an exciting step forward for Americold as the Company expands into a strategically compelling geography serving high-volume international routes, providing unparalleled opportunities for integration with our premier partners in DP World and CPKC,” said George Chappelle, Chief Executive Officer at Americold.
“Port Saint John has been the beneficiary of significant investments in recent years from both DP World and CPKC, and the infrastructure they have built has attracted major global shipping lines to this location. We are confident the opportunity for Americold to bring world class cold storage and value-added services to the Port – and to enhance food flows primarily between Central and Eastern Canada and Europe, South America and the APAC region – represents an attractive path to long-term value creation for both our customers and our shareholders.”
“We are excited to build on our successful strategic collaboration with Americold and DP World with this new facility in Port Saint John as we build a unique North American cold chain.” said Keith Creel, CPKC President and Chief Executive Officer. “Our growing collaboration with Americold, which started in Kansas City and is developing in both Canada and Mexico, continues to bring new supply chain solutions to the market for our customers shipping a range of food and other products across Canada, the United States and Mexico using CPKC’s fleet of refrigerated containers.”
“Our partnership with Americold and CPKC to develop an innovative cold chain Import + Export Hub at Port Saint John in New Brunswick reflects our shared commitment to transforming supply chain efficiency and sustainability.” said DP World Canada CEO Doug Smith. “This investment by Americold represents a significant milestone in our joint mission to create seamless, end-to-end logistics solutions that meet the evolving needs of global trade. By leveraging the strengths of our strategic partners, we are enhancing the cold chain infrastructure in Central and Eastern Canada, enabling faster, more reliable, and sustainable connections for food supply chains worldwide.”
“Our extensive infrastructure investments over the past decade have paved the way for leading global partners to thrive in Saint John,” said Craig Bell Estabrooks, President & CEO of Port Saint John. “We’re thrilled to welcome Americold and further opportunities to create jobs on our waterfront.”
(Photo of Port Saint John)