Americold Logistics has agreed to buy Cloverleaf Cold Storage for $1.24 billion, a move that ramps up a trend toward consolidation in the refrigerated warehousing sector.
April 16, 2019Americold
Business, Logistics, Top 50
An Americold facility in Mableton, Ga. (Chris Rank/Bloomberg News)
Americold Completes First Year as Public Company With Solid Financial Results
An Americold facility in Mableton, Ga. (Chris Rank/Bloomberg News)
Warehouse operator Americold completed its first year as a public company by reporting solid gains in revenue and higher operating profits in the fourth quarter of 2018.
February 21, 2019
Business, Logistics
An Americold cold-storage warehouse. The $35 million acquisition of PortFresh will increase Americold's footprint at the Port of Savannah in Georgia. (Americold)
Americold Acquires PortFresh Warehouse, Plans Port of Savannah Expansion
An Americold cold-storage warehouse. The $35 million acquisition of PortFresh will increase Americold's footprint at the Port of Savannah in Georgia. (Americold)
Cold storage warehouse operator Americold acquired PortFresh Holdings in Savannah, Ga., and said it will build a 15 million-square-foot cold storage facility on an adjacent site as part of a move to increase the firm’s share of the market for food imports and exports at the Port of Savannah.
February 7, 2019
Business, Top 50
Chris Rank/Bloomberg News
Americold Posts 3Q Profit
Chris Rank/Bloomberg News
Global warehouse operator Americold reported net income of $24.5 million, or 17 cents a share, in the third quarter, compared with a net loss of $11.9 million, or 17 cents a share, in the same period a year ago. Revenue increased 3.2% to $402 million in 2018 from $389.5 million in 2017.
November 9, 2018
Business, Logistics, Top 50
Americold
Americold Logistics Reports Improved Results in Second Quarter
Americold
Americold Logistics reported improved financial results for the second quarter with revenue from its temperature-controlled warehousing operations growing 2.8% and profit margins expanding by 150 basis points, or 1.5%, compared with the same period a year ago.
August 9, 2018
Business
Americold
Americold Bullish About Prospects After First Earnings Report Since IPO
Americold
Americold, a global operator of temperature-controlled warehouses, issued its first quarterly earnings report since becoming a publicly owned company in January and it wasn’t pretty, at least on the surface.
May 10, 2018
Business, Logistics
Americold Logistics
Americold Stock Sale Gives a Lift to Warehousing Sector
Americold Logistics
While proceeds from Americold Logistics’ recent initial public offering are going mostly to pay off debt, executives say the move also will help kickstart growth for the Altanta-based warehouse operator by boosting its ability to pursue acquisitions and fund new e-commerce distribution, transportation and logistics services.
January 31, 2018
Business
Americold Opens New Refrigerated Warehouse in Northern Utah
Americold Logistics officially opened a 9.5-million-cubic-foot temperature-controlled warehouse in Clearfield, Utah, nearly doubling the footprint the company has at the location to about 21 million cubic feet.
December 11, 2017
Business, Logistics
Americold Completes Purchase of Another Georgia Facility
Temperature-controlled warehousing and logistics company Americold has wrapped up the purchase of a storage facility that bolsters its Georgia-based network to 15 facilities.
August 15, 2016
Business, Logistics
Americold Launches Enhanced Visibility and Reporting Tool
Americold, a provider of temperature-controlled warehousing and logistics to the food industry, said it has launched the next generation of its supply chain visibility and reporting tool, i-3PL.
May 8, 2015