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Third-party food logistics company FreezPak Logistics has announced plans to build a 140,000-square-foot facility near Port Elizabeth in New Jersey.
The Carteret, New Jersey-based company said its fifth location, located approximately five miles from the Port Newark–Elizabeth Marine Terminal, will be its first with an automated storage and retrieval system. The plans announced in a press release Monday call for the location to be outfitted with 12 robots, which can automatically store and...
https://s29755.pcdn.co/news/cold-chain-provider-freezpak-logistics-announces-port-elizabeth-site
Money flowing through the cold chain to fund logistics real estate expansion projects continues as pandemic-induced stay-at-home lifestyles have become the new norm. Several large operators in the space continue to grow their networks through acquisition and expansion. The smaller companies are getting in on the action as well.
Founded in 2016, temperature-controlled e-commerce fulfillment provider Perishable Shipping Solutions (PSS) announced it has just closed on a Series A funding round...
https://s29755.pcdn.co/news/cold-chain-services-provider-closes-87m-funding-round
Temperature-controlled warehouse owner and operator Americold Realty Trust (NYSE: COLD) has been chosen to build two new facilities.
The largest retail grocery group on the East Coast with brands like Food Lion, Giant Food and Hannaford, Ahold Delhaize USA (Koninklijke Ahold Delhaize OTCUS: ADRNY), will partner with Americold to build two new fully automated frozen warehouses in Plainville, Connecticut and Lancaster, Pennsylvania. The two facilities will expand Ahold Delhaize USA’s cold-storage...
On its earnings call with analysts and investors, food supply chain warehouse operator Americold Realty Trust (NYSE: COLD) said it isn’t seeing much scarcity throughout the cold food chain.
Asked about potential protein shortages, management said they have “a lot of full warehouses of chicken” and that some of the reports of impending meat shortages have been a little overdone.
The Atlanta-based real estate investment trust (REIT) reported that 15% of its warehouse revenue is tied to poultry, 7%...
https://s29755.pcdn.co/news/cold-storage-remains-hot-americold-reiterates-guidance