Americold Groundbreaking at Port Saint John Cold Storage Facility

Deal value: $92,000,000

Americold, in partnership with CPKC and DP World, began construction of a new cold storage facility at Port Saint John to enhance North American cold chain logistics and intermodal connectivity.

The core investment motivation is to capitalize on rising demand for integrated cold chain logistics driven by global food trade, supply chain resiliency, and increased perishable exports. Americold is leveraging recent infrastructure upgrades and strategic partnerships at Port Saint John to secure first-mover advantage in a growing Atlantic Canadian gateway, aiming to connect North American producers with international markets more efficiently. The timing reflects both surging shipping volumes at the port and the need for modern, scalable cold storage to support expanding trade routes.