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 Analysts. On 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.

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.