Americold Realty Trust (COLD) Announced it Has Started Building The First Import-Export Hub in Canada

Americold Realty Trust, Inc. (NYSE:COLD) is one of the 11 Best All-Time Low Stocks to Buy According to AnalystsOn May 29, Americold Realty Trust, Inc. (NYSE:COLD) announced that it has started building its first import-export hub in Canada, located at Port Saint John, New Brunswick.

Americold Realty Trust, Inc. (NYSE:COLD) will spend $75 million to $80 million on this project, and the warehouse is expected to offer space for about 22,000 pallets, which equals 800 full truckloads of temperature-sensitive products. Management noted that the facility will serve as a vital link in the global food supply chain, connecting Canada with Europe, South America, and the Asia-Pacific.

Americold Realty Trust (COLD) Announced it Has Started Building The First Import-Export Hub in Canada

An interior of a modern temperature-controlled warehouse with industrial shelving units and workers in motion.

The project is supported by partnerships with DP World and Canadian Pacific Kansas City. DP World provides maritime logistics, while CPKC delivers rail solutions.

Americold Realty Trust, Inc. (NYSE:COLD) is a real estate investment trust. The company owns and operates temperature-controlled warehouses for food and other perishable products.

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Disclosure: None. This article is originally published at Insider Monkey.