Business, Logistics, Top 50

Americold’s Net Income Climbs 10.6% in Q3

Americold An Americold facility. (Americold)

Americold Realty Trust, a global real estate company focused on temperature-controlled warehouses, said it grew its net income by 10.6% to $27.1 million in the quarter ended Sept. 30, over income of $24.5 million in the same quarter last year.

Jim Stinson | Staff Reporter
November 7, 2019
Business, Logistics

Americold Reports Lower Net Income, Higher Revenue

Americold truck driving on highway Americold's second-quarter revenue increased to nearly $438.5 million, compared with just below $394.7 million in 2018, an 11% year-over-year increase.(Americold)

Americold Realty Trust, one of the world’s largest logistics companies focusing on temperature-controlled warehouse facilities, on Aug. 8 reported second-quarter net income dropped to nearly $4.9 million from $29.4 million in 2018, an 83.3% decrease.

Dan Ronan | Associate News Editor
August 9, 2019
Business, Logistics, Top 50

Americold Reports Revenue Rises 0.5% to $393.1 Million in 1Q

Americold signage Americold

Americold Realty Trust, one of the world’s largest companies focused on temperature-controlled warehouses, on May 7 reported revenue rose in the first quarter ending March 31.

Jim Stinson | Staff Reporter
May 9, 2019
Business, Logistics, Top 50

Americold Agrees to Acquire Cloverleaf Cold Storage

Americold signage Americold

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.

Daniel P. Bearth | Staff Writer
April 16, 2019
Business, Logistics, Top 50

Americold Completes First Year as Public Company With Solid Financial Results

Americold facility in Mableton, Ga. 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.

Daniel P. Bearth | Senior Staff Writer
February 21, 2019
Business, Logistics

Americold Acquires PortFresh Warehouse, Plans Port of Savannah Expansion

An Americold cold-storage warehouse 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.

Daniel P. Bearth | Senior Staff Writer
February 7, 2019
Business, Top 50

Americold Posts 3Q Profit

Americold 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.

Daniel P. Bearth | Staff Writer
November 9, 2018
Business, Logistics, Top 50

Americold Logistics Reports Improved Results in Second Quarter

Americold warehouse 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.

Daniel P. Bearth | Staff Writer
August 9, 2018
Business

Americold Bullish About Prospects After First Earnings Report Since IPO

An Americold warehouse 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.

Daniel P. Bearth | Staff Writer
May 10, 2018
Business, Logistics

Americold Stock Sale Gives a Lift to Warehousing Sector

Americold Warehouse 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.

Daniel P. Bearth | Staff Writer
January 31, 2018

Pages