Americold breaks ground on cold storage facility at Port Saint John

Americold breaks ground on first import-export hub in Canada

Rob Chambers is hoping to be back in Saint John one year from now, but he’s also hoping the city’s skyline will have changed in those 12 months.

Americold breaks ground on cold storage facility at Port Saint John

The ground has been broken on the Saint John, N.B., harbour for Americold Realty Trust’s first import-export hub in Canada.

Americold Realty Trust, a company in controlled logistics, real estate and value-added services, began the construction in Port Saint John, New Brunswick, of its first import and export center in Canada, in which it will invest between $75 million and $80 million (mdd). The new cold storage facility, which will become the sixth operated by the firm in that country, will take advantage of DP World's maritime logistics capabilities and Canadian Pa…

#Americold Realty Trust Faces Revenue Challenges Amid Strategic Expansion in Cold Storage at Port Saint John

In a marked contrast to the robust performance of many competitors in the logistics and cold storage sectors, Americold Realty Trust Inc. is grappling with a revenue decline. The company reported a 5.41% decrease in revenue in the first quarter of 2025 compared to the same period last year. This downturn is notable given that many of Americold's rivals experienced an average revenue increase of 16.2% during the same quarter, highlighting a poten…