Cold storage provider Lineage Logistics announced Thursday that it completed a $1.9 billion equity raise to fund new developments, M&A and technology initiatives.
Rickenbacker Airport near Columbus, Ohio, is named after World War I ace Eddie Rickenbacker. The airport is a regional hero, supporting more than 15,000 jobs, with a $2.5 billion annual economic impact.
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.
The United Arab Emirates has its first doses of Pfizer coronavirus vaccine thanks to a free delivery from national airline Emirates.
TorQuest Partners buys VersaCold Logistics Services, a major Canadian cold storage provider with a large cross-border trucking operation.
The dry ice shortage that many feared would crimp the ability to ship COVID-19 vaccines turned out to be a Y2K event.
Cold storage warehouse operator RLS Logistics advances growth initiative with the announcement of plans for a new facility serving New England.
Pfizer and BioNTech might be on their way to a logistical breakthrough if they determine their promising COVID-19 vaccine can be shipped at warmer temperatures.
Cold storage heavyweight Lineage Logistics announces the acquisition of Poland’s largest temperature-controlled storage and logistics provider, Pago.
Americold announces another large acquisition, a couple of expansion projects, and informs analysts and investors that the holidays haven’t been canceled.
Automated storage and retrieval systems are making the move into cold-storage real estate.
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.
Third-party food logistics company FreezPak Logistics announces plans to open a new facility near Port Elizabeth to meet “continually growing demand for cold storage space.”
From trucking, security and data exchange to customs and civil aviation permissions, the Amsterdam airport is covering all the bases for rushing out approved coronavirus vaccines.
It appears Lineage Logistics will be able to sustain its 60% annual cubic-foot growth rate. The company announces an equity raise landed it with $1.6 billion in new capital.
Whether or not President Donald Trump’s optimism about an October surprise comes to fruition, there could be an approved coronavirus vaccine next year. A giant flotilla of all-cargo planes will be deployed to deliver the medicine around the world, but airlines are already short of capacity and there isn’t yet enough refrigerated infrastructure to safely store that much vaccine. Airlines are issuing a call to action.
Cold chain facility operator Americold Realty Trust adds three facilities to the network in a pair of transactions.
Lufthansa is expanding its network of cold storage facilities for pharmaceutical products. The network meets the highest industry standards.
Temperature-controlled e-commerce fulfillment provider Perishable Shipping Solutions has closed an $8.7 million funding round. The company plans to add new terminals to its two-facility operation and hire staff.
