temperature-controlled logistics

Americold closes on $1.74B bid for Agro

Agro deal adds 46 facilities to Americold network

Temperature-controlled warehouse owner Americold Realty Trust (NYSE: COLD) announced the closing of its acquisition of Agro Merchants Group, the world’s fourth-largest cold storage operator. The $1.74 billion transaction was previously announced in mid-October.

The deal adds 46 facilities and 236 million cubic feet of refrigerated space to Americold’s network, which now includes 239 facilities with 1.41 billion cubic feet of cold storage.

Founded in 2013, the Netherlands-based Agro built a...

https://s29755.pcdn.co/news/americold-closes-on-174b-bid-for-agro

FDA Watch: Trucks poised to roll with Pfizer vaccine shipments

Image of vials on the left and a truck and vessel on the right to represent COVID vaccine distribution.

FedEx (NYSE: FDX) and UPS (NYSE: UPS) trucks could roll out of Pfizer’s (NYSE: PFE) Kalamazoo, Michigan, pharmaceutical plant by this weekend, carrying the first 3.2 million-dose batch of COVID-19 vaccines to hospitals and other health care facilities, and to airports for longer trips.

The Washington Post is reporting that the Food and Drug Administration, under pressure from the White House, will issue an emergency use authorization Friday night, kicking off the biggest logistics effort in...

https://s29755.pcdn.co/news/fda-watch-trucks-poised-to-roll-with-pfizer-vaccine-shipments

RLS Logistics expands into New England

RLS Logistics adds New England facility

Cold chain provider RLS Logistics announced Wednesday plans to build an 83,000-square-foot temperature-controlled facility in central Massachusetts.

The Mount Laurel, New Jersey-based company plans to build the facility through its affiliate RLS Partners. The announcement is the latest in the company’s efforts to build out a national network of family-operated cold storage facilities, or its Partnering Regional Operator (PRO) network. RLS is working with real estate funds and banks to acquire...

https://s29755.pcdn.co/news/rls-logistics-expands-into-new-england

Americold announces more acquisitions; Q3 in line

Americold facility

Cold storage warehouse operator Americold Realty Trust (NYSE: COLD) announced Thursday after the market closed another large acquisition as well as a few expansion projects.

The news was part of the Atlanta-based real estate investment trust’s third-quarter earnings report, which was in line with analysts’ expectations of core funds from operations (FFO) of 28 cents per share. The result was a penny higher year-over-year and 2 cents higher on an adjusted basis.

Americold geography continues to...

https://s29755.pcdn.co/news/americold-announces-more-acquisitions-q3-in-line

Information fog hinders air cargo readiness for COVID vaccine

Refrigerated containers get lifted onto a light blue cargo plane for Korean Air.

The airfreight supply chain is nervous it won’t be ready to support a massive global rollout of COVID-19 vaccines that could begin within months.

A fast-track development process, the complexity of handling medicines with stricter temperature requirements and lack of clear shipping specifications from pharmaceutical companies make it difficult for logistics providers to plan for vaccine delivery under expedited conditions, freight transportation experts say.

Cold-storage infrastructure, special...

https://s29755.pcdn.co/news/information-fog-hinders-air-cargo-readiness-for-covid-vaccine-distribution

Americold acquires Agro Merchants Group in $1.74 billion deal

Agro's Icestar facility in Santiago, Chile

Cold storage warehouse owner and operator Americold Realty Trust (NYSE: COLD) announced on Tuesday that it has entered into an agreement to acquire the world’s fourth-largest temperature-controlled operator, Agro Merchants Group, for $1.74 billion.

The announcement follows several others over the last two years as the Atlanta-based real estate investment trust continues to expand its network through acquisition. Americold added facilities in Florida and Texas in August and was chosen by the East...

https://s29755.pcdn.co/news/americold-acquires-agro-merchants-group-in-174-billion-deal

Cold chain provider FreezPak Logistics announces Port Elizabeth site

New FreezPak Logistics facility near Port Elizabeth

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

Cold storage gets $1.6 billion richer

Lineage's Sunnyvale facility in Dallas, Texas

The world’s largest temperature-controlled logistics provider, Lineage Logistics, announced it has raised $1.6 billion in fresh equity from several different investors. The Wednesday press release said the company plans to use the funds for further acquisitions as well as investments in tech and automation.

“This significant investment — from both new and existing investors — is validation of our business model, our innovative strategy and our plans to continue expanding our footprint as the...

https://s29755.pcdn.co/news/cold-storage-gets-16-billion-richer

Americold announces two cold storage acquisitions

Trucks loading/unloading at Americold facility

Food supply chain warehouse operator Americold Realty Trust (NYSE: COLD) announces three facility acquisitions in a pair of deals after the close of Monday’s trading session.

The Atlanta-based real estate investment trust announced that it has purchased a newly constructed cold storage facility in Tampa, Florida, for $25 million and closed on the previously announced acquisition of AM-C Warehouses in Texas for $82.5 million.

Both deals were funded with cash.

“By growing our network of...

https://s29755.pcdn.co/news/americold-announces-two-cold-storage-acquisitions

Lineage Logistics expands network with multiple cold storage deals

Lineage facility

The world’s largest temperature-controlled logistics provider, Lineage Logistics, announced it has completed 10 acquisitions across the U.S. in the past 18 months.

The Novi, Michigan-based company said in a Tuesday press release the deals include 24 locations with 5.5 million square feet (153 million cubic feet) of space in large population zones and food production centers throughout the U.S. The release said all of the deals have either been integrated or will be by year-end.

“While we have...

https://s29755.pcdn.co/news/lineage-expands-network-with-multiple-cold-storage-deals

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