Management from cold storage warehouse operator Americold addresses concerns about decelerating trends and a soft 2022 outlook.
Kurt George of Property Damage Appraisers explains during a fireside chat at FreightWaves’ Cold Chain Summit why cold storage facilities are particularly vulnerable to ransomware attacks.
Temperature-controlled warehouse operator Americold pulled in its 2021 outlook, citing labor-related food manufacturing limitations within its customer base.
The boom in cold storage construction is partly fueled by consumers shopping for groceries online.
Steel costs and availability could delay projects for the rest of the year, expert says.
Cold storage facility operator Americold said food manufacturers are “failing to meet the needs of retailers” as COVID-related production shutdowns have drawn down food stocks. The impacts from lower inventories and throughput were seen in the company’s first-quarter report.
Cold storage operator Americold saw occupancy dip year-over-year during the fourth quarter as food manufacturers struggled to keep proteins in stock.
Americold announced that it has closed on a 46-facility deal valued at $1.74 billion.
Americold announces another large acquisition, a couple of expansion projects, and informs analysts and investors that the holidays haven’t been canceled.
Cold storage operator Americold expands its portfolio again, this time in a $1.74 billion bid for the world’s fourth-largest provider. Americold plans to offer 33 million common shares in total to facilitate the deal.
