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 | 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

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

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.

Transport Topics
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.

Transport Topics
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.

Seth Clevenger | Managing Editor, Features
May 8, 2015